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Overview of LLC Naming Rules Organizational Designations. ... You can't use a name that a competing business is already using. ... You can't use a deceptively similar name. ... If the names are similar, you will need a letter of consent for approval.
Here are the five steps you should take to form an LLC in Texas. Name the LLC. Choose a Registered Agent. File a Certificate of Formation. Write An Operating Agreement. Complete Other Business Operating Formalities.
The LLC needs to file a 1065 Partnership Return and issue a Schedule K-1 to the LLC owners. The K-1s report each owner's distributive share of profits. And the K-1 income ?flows through? to the owners. The income taxes are then paid by each owner on their personal income tax return (Form 1040).
The basic total cost of forming an LLC in Texas is $300. The basic total cost of registering a foreign LLC in Texas is $750. The optional costs of a certified copy of the filing document, a certificate of status, and hiring an outside registered agent could raise this total by between $85 and $535.
To prepare your certificate of formation, you'll need the following information: Your LLC name (including the designation) The name and address of your registered agent. The purpose of the LLC. ... The LLC's duration or time period over which the LLC will exist.