Jeff is a writer, founder and small business expert who focuses on educating founders on the ins and outs of running their businesses. Therefore, regardless of the initial filing fees for an LLC, if you reside in Texas, the total cost of starting an LLC in another state will generally be higher than that of setting up your business in Texas. Requirements vary depending on business structure, type of business performed, location, and other factors. If you want a Made in Texas seal for your new business at a nominal cost, Bizee training services can turn your business dreams into reality. Filing a fictitious business name notifies the public that the LLC is doing business under a different name, but does not give the LLC any exclusive right to use the fictitious name.
A business owner or employee of an LLC can act as an agent as long as they are a resident of Texas and are available in the office during business hours. A limited liability company (LLC) can provide liability protection and give credibility to your business. An LLC may also choose to pay taxes like a C corporation, but this is less typical, as the owners of a C corporation face double taxation: the company is subject to corporate income tax and the owners also pay taxes on dividends. There are many different types of business insurance, such as general liability insurance, commercial property insurance, or business income insurance.
Before you can start a business, you must have a good idea to turn it into an operating business. You have to overcome some other economic obstacles when starting and running your business in the state of Texas, especially if you have employees. Many small business owners have to pay an LLC for the help of an expert on legal issues, the preparation of LLC documents, tax laws, and tax issues. It's a business entity separate from those individuals, but creditors can still access partners' personal assets to pay their debts and liabilities.
Once you've identified some names you like, do a search by your company name to ensure that the desired name is available. This ensures that another Texas company doesn't use the name you chose before you have a chance to form an LLC. In addition to this, other requirements may include state or local business licenses or permits, depending on the type of business you are operating.