How to Get a LLC in Houston, Texas
If you are thinking about starting a Houston LLC, it is important to know the basics of Houston LLC law. A Houston LLC lawyer can help you navigate the process and ensure that your business is properly organized and compliant with all applicable laws.
Having a solid understanding of Houston LLC law will also help you avoid potential pitfalls and legal problems down the road. Read on to learn more about what you need to know before forming a Houston LLC.
The basics of LLCs
For those considering forming an LLC for their business, it is important to understand that knowing the basics can help you best take advantage of an LLC’s advantages. LLCs have limited liability protection, so the business owner’s personal assets are not at risk if the business faces financial problems or is sued. In addition, they provide a greater flexibility in ownership, taxation, and management than other types of business entities.
Houston LLC Formation Attorney
When forming an LLC, several initial steps must be taken including choosing a name, obtaining licenses and permits, drafting an operating agreement (if applicable), and filing and publishing articles of organization with the state. An experienced legal counsel can help each step move smoothly and efficiently. By understanding these basics and seeking legal assistance as needed you can ensure that your new LLC is properly formed and functioning optimally from the start!
How an LLC can help your business
An LLC (Limited Liability Company) is often the best choice of structure for a business, large or small. It can help to protect your personal assets from liability related to the business, providing a wall between the two. If your business is sued, for example, you cannot be held personally liable for any damages except that which has been invested in the business.
Establishing an LLC also provides credibility when dealing with investors, clients and suppliers. Another key benefit is how straightforward the setup process can be – potential paperwork and registration requirements are much simpler than with other entities such as corporations. Ultimately, forming an LLC provides all sorts of protection and peace of mind while also increasing organizational status – making it something worth considering for either an established or emerging business venture.
The benefits of having an LLC
Setting up a Limited Liability Company (LLC) can provide numerous business benefits such as protecting your personal assets from being used to pay for company debts, limiting financial liability and oversight of operations, preserving business continuity in the event of key employee’s departure, and gaining tax advantages.
An LLC will help create a corporate veil between the individual owners and the company that can save you time and money. From an owner’s perspective, serving as an LLC allows them to establish a healthy distance between their own personal circumstances and everyday operations of the business.
Additionally, members of the LLC will receive pass-through taxation through their individual tax returns. Therefore it is significant that any person wishing to form a successful business look into setting up an LLC. It can be an effective way to not only protect yourself but also provide assurance that your venture remains profitable in the future.
How to get started with setting up your own LLC
Starting up a Limited Liability Corporation can be an arduous task, and having the proper guidance is essential. The law associated with LLCs varies from state to state, so it’s important to familiarize yourself with your particular state’s regulations. To get started, you must file Articles of Organization with the correct agency in your state. During this process, you will need to select a legal name for your company and provide certain required information about your business as well as applicable fees.
Once approved, it is also suggested that you obtain any relevant tax IDs and business licenses in order to successfully launch your venture. If you have any more questions or require additional assistance in starting up an LLC, seek advice from a qualified business lawyer in your area who has knowledge and experience dealing with such matters.
So now that we’ve gone over the basics of LLCs, you should have a better understanding of how they work and how they can benefit your business. If you’re ready to get started on setting up your own LLC, our team of experts are here to help. Contact us today and we’ll take care of everything for you so you can focus on running your business.
LLC Business Formation Lawyer Near Me
How to Check LLC Name Availability
To check for LLC name availability in Texas, your best course of action is to contact your office and one of our business attorneys will help you get this process going.
- The first step is to search the Texas Secretary of State’s website.
- The second step is to search the Texas Comptroller of Public Accounts website.
- The third step is to search the Texas Department of Banking website.
- The fourth step is to search the Texas Department of Insurance website.
- The fifth step is to search the Texas Department of State Health Services website.
- The sixth step is to search the Texas Workforce Commission website.
- The seventh step is to search the Better Business Bureau website.
- The eighth step is to search Google for “business name availability in Texas” and review the results.
- The ninth step is to contact a business attorney in Texas and ask for their opinion on the availability of your desired business name.
- The tenth and final step is to file an application with the Texas Secretary of State to reserve your desired business name for a period of 120 days
LLC vs DBA in Texas
7 Reasons to Use and LLC instead of a DBA in Texas
1. An LLC can help to protect your personal assets.
If you operate your business as a sole proprietorship or partnership, your personal assets are at risk if your business is sued or incurs debt. However, if you form an LLC, your personal assets will be protected from creditors and lawsuits.
2. An LLC can give your business a professional image.
Forming an LLC can make your business appear more professional in the eyes of potential customers and clients. This can help you to win new business and build relationships with other businesses.
3. An LLC can help you to save on taxes.
LLCs are taxed as pass-through entities, which means that the LLC itself is not subject to income tax. Instead, the taxes are passed through to the individual members of the LLC. This can provide significant tax savings for businesses with high income levels.
4. An LLC can provide flexibility in how you structure your business.
LLCs offer great flexibility in how you can structure your business. For example, you can choose to have one or more members in your LLC, and you can also choose how those members will share profits and losses.
5. An LLC can give you the ability to raise capital more easily.
Investors typically prefer to invest in businesses that are organized as LLCs rather than sole proprietorships or partnerships. This is because investors perceive LLCs as being less risky and more professional. As a result, it may be easier for you to raise capital for your business if it is organized as an LLC.
6. An LLC can help you to manage your business more effectively.
LLCs are required to have formal management structures in place, which can help you to run your business more effectively. Having a formal management structure can also make it easier to attract talented employees to your business.
7. An LLC can make it easier to sell or transfer ownership of your business.
If you decide to sell or transfer ownership of your business at some point in the future, forming an LLC can make the process simpler and less expensive. This is because buyers will only need to purchase the membership interests in the LLC, rather than the entire business itself
LLC Formation – Houston FAQ
How much does an LLC cost in Houston, Texas?
The cost of your LLC formation will depend on a few things. One, the complexity of the business that you are engaged in. Two, the number of members and desired or needed tax structure. Three, the nature of the LLC members. Are the members of the LLC other business entities or persons? The best thing to do is contact our Texas LLC attorneys and we will help you understand all of the costs of making an LLC for your business.
Do I need a lawyer to form an LLC in Texas?
No. Anyone in Texas can form an LLC, they do not have to be an attorney. However, this is a legal entity, designed to ensure certain protections from legal liability. Therefore, it would be advisable for you to consult an attorney who focuses on such legal business matters when creating your LLC.
How do I check for my LLC name availability in Texas?
We have described that process in 10 easy steps in this article. However, the best course of action would be for you to consult with a business lawyer on this matter.
Texas Business Law References
- Texas Secretary of State Website https://www.sos.state.tx.us/search.shtml?dropXSL=&pr=default&prox=page&rorder=500&rprox=500&rdfreq=500&rwfreq=500&rlead=500&sufs=0&order=r&rdepth=0&query=business+name
- Texas Secretary of State Name Filings FAQs https://www.sos.state.tx.us/corp/namefilingsfaqs.shtml
- U.S. Small Business Administration Choosing A Business Structure https://www.sba.gov/business-guide/launch-your-business/choose-business-structure
- LLC Tax Filing Rules https://turbotax.intuit.com/tax-tips/small-business-taxes/llc-tax-filing-rules/L39E29kPR
- Can LLC Shareholders be held personally liable https://www.bizjournals.com/austin/news/2022/06/01/avoiding-personal-liability-for-business-activity.html
- Causes of Personal Liability for LLCs in Housotn https://smallbusiness.chron.com/happens-debt-llc-fails-17582.html
