This Professional Limited Liability Company - PLLC Formation Package state-specific form must be filed with the appropriate state agency in compliance with state law in order to create a new Professional Limited Liability Company. The form contains basic information concerning the PLLC, normally including the PLLC's name, purpose and duration of the PLLC, the registered address, registered agent, and related information.
Texas LLC Formation Cost: A Comprehensive Guide with Different Types When starting a business in Texas, forming a Limited Liability Company (LLC) is a popular choice due to its advantages in terms of liability protection and flexibility. However, it is crucial to understand the various costs associated with Texas LLC formation to make informed decisions. This detailed description will provide valuable information about the Texas LLC formation costs, including the different types you should be aware of. 1. Texas LLC Filing Fee: The filing fee is an essential cost component for establishing an LLC in Texas. As of 2021, the standard filing fee for Texas LLC formation is $300, payable to the Texas Secretary of State. It is crucial to note that this fee may be subject to change and checking with the official website is recommended. 2. Expedited Filing Services: If you require faster processing of your LLC formation documents, the Texas Secretary of State offers expedited filing services. These services expedite the approval process for an additional fee, which varies depending on the processing time required (e.g., 2-hour, same-day, or next-day). 3. Name Reservation Fee: If you wish to reserve a specific name for your LLC before filing the formation documents, there is a name reservation fee. As of 2021, this fee is $40 for online reservations and $45 for reservations made by mail. 4. Registered Agent Fee: In Texas, LCS are required to have a registered agent. A registered agent is an individual or an entity responsible for receiving legal documents and official correspondence on behalf of the LLC. This can be an attorney or a professional registered agent service. The registered agent may charge a fee for their services, which varies based on the chosen agent. 5. Legal or Professional Fees: While not mandatory, consulting an attorney or professional service provider for assistance during the formation process is advisable. Their expertise can ensure compliance with legal requirements and help avoid potential errors. Legal or professional fees can vary depending on the complexity of your company's structure and the extent of assistance required. 6. Operating Agreement Creation: While not legally required, it is highly recommended for LCS to have an operating agreement. This agreement outlines the ownership and management structure, as well as the rights and responsibilities of the members. If you choose to have an attorney or a professional service provider draft this agreement, additional fees may apply. 7. Optional Services: Additional services may be required during the formation process, such as obtaining an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) or applying for necessary licenses or permits based on your business activities. These services might incur separate costs that vary depending on the specific requirements for your LLC. Understanding these different types of Texas LLC formation costs will help you plan your budget effectively and ensure a smooth formation process. It is essential to conduct thorough research or consult professionals to stay up to date with the latest requirements and fees. Remember to check the official Texas Secretary of State website for the most accurate and current information.