Texas Limited Liability For The Owners
Description
How to fill out Texas Limited Liability Company LLC Formation Package?
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FAQ
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
Article 1 ? Entity Name and Type The filing entity being formed is a limited liability company. The name of the entity is: The name must contain the words ?limited liability company,? ?limited company,? or an abbreviation of one of these phrases.
Official names for LLC owners and managers If you own all or part of an LLC, you are known as a ?member.? LLCs can have one member or many members. In some LLCs, the business is operated, or ?managed? by its members.
Create Your Texas LLC in Five Steps Step 1: Choose a Name for Your LLC. ... Step 2: Appoint a Registered Agent. ... Step 3: File the Certificate of Formation. ... Step 4: Create Your Operating Agreement. ... Step 5: Obtain an Employer Identification Number.