Texas Business Formation

Texas business formation involves specific procedures and fees, which vary based on the chosen business structure. Below is an overview for both Corporations and Limited Liability Companies (LLCs).

Texas Corporations

A corporation is a legal entity separate from its owners, offering limited liability protection. In Texas, corporations must adhere to the following requirements and fees:

1. Articles of Incorporation

Description: To establish a corporation, you must file Articles of Incorporation with the Texas Secretary of State.

Filing Fee: $70

2. Annual Report: $20

Description: Depending on the nature of the business, additional fees may apply, such as business license fees.
Range: Typically between $50 and $100 annually.

Texas Limited Liability Companies (LLCs)

An LLC combines the liability protection of a corporation with the tax benefits of a partnership. Forming an LLC in Texas requires the following steps and fees:

1. Articles of Organization

Description: To form an LLC, file Articles of Organization with the Texas Secretary of State.
Filing Fee: 308.10

2. Annual Report: 0

3. Additional Fees

Description: LLCs may also incur additional fees, such as business license fees.
Range: Typically between $50 and $100 annually