Texas Limited Liability With Shares
Description
How to fill out Texas Limited Liability Company LLC Formation Package?
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FAQ
To register a pre-existing general partnership as an LLP, or to register a pre-existing limited partnership (LP) as an LLP, you must file an application for registration with our office. You may use Form 701 (Word, PDF) as your application for registration. The filing fee is $200 per general partner.
To form a limited partnership, the partners must enter into a partnership agreement and file a certificate of formation with the secretary of state. In a limited partnership, there will be one or more general partners and one or more limited partners.
A limited liability company (LLC) cannot issue shares of stock. An LLC is a business entity structured to have either a single or multiple owners, who are referred to as the LLC's members.
Because LLCs do not issue stock, there are not ?shareholders? or ?stockholders? in LLCs. LLCs do have ?members,? which hold ownership units in the LLC. There can be different classes of membership units with different rights and duties. For example, an LLC can designate Voting and Non-Voting membership units.
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.