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Texas Registered Agent

Date: 07/06/2015 | Category: | Author: Jakub Vele

TEXAS REGISTERED AGENT

A registered agent in Texas is an agent of a business entity on whom the secretary of the state or state departments can serve any notice, process, or demand for documents that is permitted or required by law to be served on the business entity.

No hidden fees! Same price every year and easy access to business entity filing services – $89 for one year

New company
Do you need Texas Registered Agent for your new company?

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Do you want change your texas registered agent to us?

Change of agent

Renewals
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Renewals

Do I need a Registered Agent for my Texas Business?

Texas is CNBC’s top state for business in 2018 with strong economic growth and a transparent tax and regulatory structure. This has opened the doors for new businesses to grow and expand and that is where a registered agent Texas plays a key role by ensuring businesses are able to register or incorporate in the state. An agent to a business entity also acts a bridge between the Secretary of the State and the business entity thus ensuring all paperwork and business requirements are in place.

Why Do I need a Registered Agent in Texas?

The Texas corporate and LLC laws requires each and every business entity formed or incorporated in the state, to designate as well as maintain a “registered agent” in the state. The 2005 Texas Code – Business Corporation Act, Article 2.09 for a business corporation and Business Organizations Code, Title 3 – Limited Liability Companies, Chapter 101 – Limited Liability Companies – Section A101.254 for a limited liability company enables a Texas registered agent to facilitate the service of process for business entities planning to register or incorporate in the state.

The Business Organizations Code (BOC) also indicates that in order to operate in the state of Texas, a business needs to have a principal office. Hiring a registered agent Texas means that you or the business entity will be able to fulfill this clause.

Note: According to Business Organizations Code, Title 1- General Provisions, Chapter 5 – Names Of Entities; Registered Agents And Registered Offices, Section 5.251, if a business entity fails to appoint or maintain a registered agent as well as a registered office in the state of Texas then it may lead to involuntary termination of the domestic filing entity or the revocation of the registration of a foreign filing entity to transact business in the state.

IncParadise is one of the most reliable Texas registered agent that specializes in providing a wide variety of services to domestic and foreign business entities. The services vary from business formation or incorporation to receiving notices and handling legal documents, and communicating with the Secretary of State. As a top agent in Texas, we also offer additional services that include Texas corporate & LLC kits, amendments of articles, certificate of good standing, and S Corporation status election among others.

What Does My Texas Registered Agent Do?

The registered agent services in Texas include variety of services targeted at both domestic and foreign business entities. Some of the top services include:

Receiving Legal Notices

According to the 2005 Texas Code – Business Corporation Act, Art. 2.11, Amended by Acts 1999, 76th Leg., ch. 1481, Sec. 40, eff. Sept. 1, 1999, Secretary of State’s administrative rules, the Texas Rules of Civil Procedure, the Secretary of State is the agent of an entity for the purpose of “service of process” and the chosen registered agent Texas has to receive any legal notice, writ, or summons forwarded by a member representing the Secretary of State like a sheriff or constable.

Receiving Business Related Mails

A business entity whether a domestic or foreign corporation or an LLC in the state of Texas may receive business related mails from the office of the secretary of the state or the Texas Comptroller. It is not always that business entities can revert to the mails immediately and hence a Texas registered agent receives and reverts to the mails on behalf of the business.

Receiving Business Related Notices

Domestic and foreign Corporations, Limited Liability Companies, Limited Partnership, and Partnerships have to file with the Texas Secretary of the State. There are several documents that a business entity may be required to file and for which their chosen registered agent Texas will receive intimation notice from the office of the Secretary of State or other government bodies like Texas Comptroller. One of the most common notices is the one for submission of annual and biennial reports also known as Public Information Report and contains entity information. Check our Texas Public Information Report Services.

If you are planning to register domestic or foreign corporation, domestic or foreign partnership, a domestic or foreign limited liability company, or a domestic or foreign professional corporation in the state of Texas, IncParadise can provide you with the highest standards of registered agent services in Texas that will help your business to gain a strong foothold in the state. Check some of our additional services.

Can I be my own Registered Agent or Choose a Professional Registered Agent for my Texas Business?

Can you act as your own registered agent? There are many businesses where this a possibility but the law changes from one state to another. There are two options are available in Texas:

Individual as Registered Agent

According to 2005 Texas Code – Business Corporation Act and Business Organizations Code, Title 3 – Limited Liability Companies, an individual can be a registered agent for their own domestic or foreign corporation as well as a domestic or foreign LLC. The criteria’s that needs to be fulfilled are that the individual needs to be over 18 years of age and should be a Texas resident.

As an individual acting as a registered agent Texas, you will be required to maintain regular business hours. As an individual agent you will be required to provide any notices permitted by law to be given to the entity you represent at the address provided to you by the represented entity. This simply means that you should also have a physical address where service of process can be delivered.

Hiring a Commercial Registered Agent

If you do not have a physical address in the state or are not a resident of Texas then hiring a commercial registered agent is your best option. Hiring the registered agent services in Texas means that you will not have to worry about delivery of service of process or receive or accept, and forwarding of any process, notice, or demand that is served by the state.

IncParadise satisfies and adheres to the regulations that has been established by the Secretary of State and is in compliance with Business Organizations Code, Title 1- General Provisions, Chapter 5 – Names Of Entities; Registered Agents And Registered Offices, Section 5.252, 5.255, 5.302-5.306, Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 4, eff. September 1, 2017.

New company

In the state of Texas, a registered agent who has served 10 or more domestic or foreign business entities can be classified as a commercial registered agent Texas. We have represented more than 10,000 business entities across the US are in compliance with the commercial agent requirement of the state.

Appointing a Registered Agent for Texas

If you are thinking of opting for registered agent services in Texas, what is the process? How do you appoint a commercial registered agent in the state? Let’s take a look at the step-by-step approach:

1. Agent Requirement

A registered agent Texas can be hired for different types of business entities like corporation, limited liability companies, partnership etc. They can be hired to satisfy a specific purpose like getting a physical address for a business entity or formation of a new business. So, the first step is to identify the following:

  • Are you looking to hire a new Texas registered agent?
  • Are you thinking of changing your existing agent?

2. Choose the Order Form

Once you have identified whether you want to hire a new agent or change your existing agent, it is time to choose the correct order form. Your options are:

New Agent

If a foreign business entity is thinking of setting up business in the state or is start-up business that wants to incorporate, grow, and expand in the state then they can hire a registered agent Texas like IncParadise?

New Agent

Change Agent

If a business entity already has an agent but is planning to change their existing agent then the process requires filing the “Change Order Form”.

CHANGE OF AGENT

3. Order process

The final step towards ensuring your receive top quality registered agent services in Texas is by completing the order process. After completion of all required paperwork for a change of agent or a new agent, your chosen agent (IncParadise) will prepare necessary paperwork for filing of “Registered Agent Acceptance” using the Resident Agent acceptance form. This will be submitted using our online system called Entity Management Software, where you will be able to see information pertaining to your Registered Agent and the Number of days till renewal.

Why Choose IncParadise as your Texas Registered Agent?

IncParadise is one of the top Texas registered agent and we provide our clients or businesses dedicated and customized services that can help businesses to incorporate or register in the state with ease. Some of the top services include:

  • Fast & Affordable Service – One of the top commercial registered agents in Texas, IncParadise ensures businesses are able to experience a service that is fast and yet affordable. As a part of the service, filing of orders can take place on the same day using a state of the art system and process. This same day or next day Registered agent services in Texas is available at just $89 for one year.
  • Total Compliance – As one of the reliable registered agents in the state, IncParadise is in compliance with the state regulations pursuant to Business Organizations Code, Title 1- General Provisions, Chapter 5 – Names Of Entities; Registered Agents And Registered Offices, Section 5.252, 5.255, 5.302-5.306, Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 4, eff. September 1, 2017. According to the Texas Code, we:
    • Maintain a Texas business license
    • Have a principal residence or principal place of business in Texas
    • Provide the Secretary of the State with any business related information upon request on behalf of the business entity 
  • Protecting Your Privacy – As your Texas registered agent, we will be the primary point of contact, which translates into the fact that we will ensure you or the business avoids any embarrassing situations especially in front of clients. A registered agent can do this by receiving state department officials and notices on your behalf at the agent’s physical address. As a result, you will be able to enjoy complete anonymity!
  • Expert customer service – If you have any questions pertaining to registered agent services in Texas then you can contact us at 888) 284-382.

Can I change my current Registered Agent in Texas to IncParadise?

Do you want to change your existing registered agent Texas to IncParadise? Don’t worry as the process is quite simple. You have to follow the order process and here’s is how you can do it:

Order online

  • As your registered agent, IncParadise will prepare the necessary paperwork, which is Form 401 -Change of Registered Agent/Office and then sign it and deliver to you.
  • You will have to sign the already completed paperwork mail it to the office of the Secretary of State,
  • The fee for filing for the change of registered agent Texas for an LLC as well as Business Corporation is $15.00. Submit the signed form along with the fee and you are ready to transact business in the state!

Change of Agent

Frequently Asked Questions about Registered Agent Service

Do all businesses require registered agent services in Texas?

According to Texas Business Organizations Code (BOC), Subchapter F and Subchapter F-1, Section 5.251 through to 5.306, a domestic or foreign For-profit corporations, a domestic or foreign (nonprofit) Corporation, domestic or foreign Limited Liability Company, domestic or foreign Limited Partnership, Professional Corporations, and Professional Associations registered with the state of Texas are required to be represented by a Texas registered agent.

What is a Registered Agent, and why do I need one?

A registered agent also known as commercial registered agent or statutory agent in many states is someone who is a resident of the state of Texas. A commercial agent can be an individual or an organization that has a registered business office in the state that authorizes them to do business in the state.

A registered agent Texas has a variety of duties towards business entities but primarily this includes:

  • To receive or accept, any legal notice, process, or demand that is being served upon the business entity that they are representing.
  • To give the notice or demand to the represented business entity at the address that has been provided to the agent by the business entity.

To receive or accept, any legal notice, process, or demand that is being served upon the business entity that they are representing.
To give the notice or demand to the represented business entity at the address that has been provided to the agent by the business entity.

In the state of Texas, a registered agent by law is required to keep a copy of the Certificate of formation for a Texas entity, Foreign entity application for registration, Certificate of correction, a copy of Change of registered agent and/or registered office by entity, a copy of the corporate bylaws, the stock ledger of the company, and a statement that provides the name and address of the actual custodian of the stock ledger.

What is included in registered agent services in Texas?

A registered agent Texas provides a variety of services that include:

  • Receive and accept service of process that involves receiving all legal notifications
  • Share or forward notification regarding due dates for renewals and submission for each business entity.
  • Provide a highly secure online account to access business notifications
  • Provide an online account for businesses to renew registered agent services
  • Ensure avoidance of penalty or late fee using state-of-the-art technology used for tracking statement of information and license renewal due dates for business entities.

Can a company use its Registered Agent’s address as its own business address?

If a Texas registered agent doesn’t permit businesses to use their address then the business entity will not be able to use agent’s address as their own. Alternatively, if a chosen registered agent provides permission to businesses to use their address then proper paperwork has to be filed with the U.S. Postal Service.

How can I change my Registered Agent?

You can change your existing registered agent by filling out the Change of Registered Agent form for the state of Texas and submit it with the Secretary of State, Business Entities Filings Unit. If you are signing up for our registered agent services in Texas then our in-house expert will help you to streamline the process.

Change of Agent

What do I need to do if I do my own filings for business registration or incorporation and only need Registered Agent Information?

If you plan to file business registration or incorporation documents then you can simply email or fax us the document. We will fill out all information pertaining to Texas registered agent, sign it, and send them back for filing.

How long does it take to change a Registered Agent in the Secretary of State records?

It can take as long as 2 weeks to process registered agent change although there is a 24-hour expedited service available too. Since we have direct access to the Secretary of State online filing system – SOSDirect, we can process most orders within 24 hours.

$89 IS ALL YOU PAY FOR REGISTERED AGENT SERVICES IN TEXAS

Simply ORDER ONLINE to begin!

Texas Annual Report

Date: | Category: | Author: Jakub Vele

TEXAS ANNUAL REPORT

Each state has specific laws for filing of a variety of documents by different business entities registered in that particular state. One such document is the Texas Annual report or biennial report that is meant to provide updated entity information to the state. In Texas, however, the annual report is known as the “Public Information Report” for all types of businesses except Non-profit Corporation and Limited Partnerships for which it is known as a “Periodic Report”.

What is an Annual Report (Annual List)?

There are some states that don’t require the filing of the annual report or annual list by business entities. If you are forming an LLC or a profit corporation in Texas then instead of filing an annual report you will be required to file the “Texas Franchise Tax Public Information Report”.

What does the Texas annual report or Texas Franchise Tax Public Information Report contain? It is a document that contains specific information related to a business entity registered in the state and on which a franchise tax has been imposed. Let’s get an insight into the information it contains:

Limited Liability Company

Every domestic limited liability company registered under the laws of the state as well as every foreign limited liability company that has obtained the right to transact business within Texas state and pay franchise tax will be required to file Texas annual report also known as “Texas Franchise Tax Public Information Report” with the comptroller. The statement includes:

  • The name of each limited-liability company that owns a 10 percent or greater interest in the LLC
  • The file number of your limited-liability company, if you know it
  • The name, title, and mailing address of each person who is a manager or officer in the LLC.
  • The name and street address of a registered agent in Texas like us as designated under Texas Tax Code – TAX § 171.354, upon whom the service of process against the LLC may be served.
  • To file annual list, ensure the location or registered address of the principal place of LLC business is mentioned. This should include the street, number, city, state or foreign country.

The above is governed by Texas Tax Code – TAX § 171.203

Corporation (Domestic)

Every domestic stock corporation registered under the laws of the state as well as every foreign profit corporation that has obtained the right to transact business within Texas state and pay franchise tax will be required to file the Texas annual list or “Texas Franchise Tax Public Information Report” with the comptroller. The statement includes:

  • The name of each domestic or foreign business corporation that owns a 10 percent or greater interest in the corporation
  • The Secretary of State file number for your corporation, if you know it
  • The name, title, and mailing address of each person who is the director or chief executive officer in the corporation.
  • The name and street address of a registered agent like us as designated under Texas Tax Code – TAX § 171.354, upon whom service of process against the corporation may be served
  • To file annual lists, ensure the location or registered address of the principal place of business of the corporation is mentioned. This should include the street, number, city, state or foreign country.

The above is governed by Texas Tax Code – TAX § 171.203
Note: It is important to ensure that the information contained in the Texas Franchise Tax Public Information Report is true and correct to the best of the person’s knowledge.

Is there a Filing Due Date or Deadline?

As governed by Texas Tax Code – TAX § 171.203, Business Corporations and LLC’s there are specific dates for filing an annual report or Texas Franchise Tax Public Information Report on time.

Limited Liability Company

It is important to know that every domestic and foreign LLC registered in the state of Texas will be required to file the Texas Franchise Tax Public Information Report annually with the Comptroller. Let’s look at the filing deadlines or due dates to file the annual list in Texas:

The Texas Franchise Tax Public Information Report annually by May 15 in the year following the year of the registration of your Limited Liability Company in Texas.

Example: If you registered your Limited Liability Company on April 15, 2019, then your Public Information Report will be due on May 15, 2020.

ORDER ONLINE

You can file an the annual list or Public Information Report with the Texas Comptroller but it takes a long time to process and this includes preparing paperwork that is information intensive and then filing it. Is there a way to file it faster and on time?

Yes, SIMPLY HIRE US and we will take care of the filing!

Corporation (Domestic)

It is important to know that every domestic and foreign corporation, professional corporations and S corporations registered in the state of Texas will be required to file the Texas Franchise Tax Public

Information Report annually with the Comptroller. Let’s look at the filing deadlines or due dates to file the annual list in Texas:

Example: If you registered your corporation on April 15, 2019, then your Public Information Report will be due on May 15, 2020.

ORDER ONLINE

You can file annual list or Public Information Report with the Texas Comptroller but it takes a long time to process and this includes preparing paperwork that is information intensive and then filing it. Is there a way to file it faster and on time?

Yes, SIMPLY HIRE US and we will take care of the filing!

Is there a Late Filing Penalty of Annual Lists?

If you are unable to submit the Texas Franchise Tax Public Information Report to the Comptroller by the due date as mentioned then will there be any penalty for LLC and Business Corporations? Let’s take a look at what late submission entails:

Limited Liability Company

If a Texas Franchise Tax Public Information Report is filed late then the LLC or taxpayers will be penalized $50. This penalty will be assessed even if filing an annual report by an LLC is done on a later date or if any tax is due for the period covered after which the report is filed. The $50 penalty is in addition to other penalties that the LLC may be assessed for during the reporting period.

An additional penalty of 5% of the total tax due will be imposed on the limited liability company if they fail to file the Texas Franchise Tax Public Information Report on time. If the LLC is unable to pay the tax within 30 days from the due date then this 5% penalty will be imposed.

In the scenario, wherein, an LLC is unable to file the Texas annual report or pay its taxes even after 30 days then the delinquent tax will accrue an interest starting from 60 days after the due date.

If an LLC is unable to file the Texas Franchise Tax Public Information Report and/or does not pay tax or the penalty or interest due within 45 days from the due date, then its right to transact business in Texas may be forfeited.

Corporation (Domestic)

If a Texas Franchise Tax Public Information Report is filed late then the business corporation or taxpayers will be penalized $50. This penalty will be assessed even if filing an annual report by a business entity is done on a later date or if any tax is due for the period covered after which the report is filed. The $50 penalty is in addition to other penalties that the business corporation may be assessed during the reporting period.

An additional penalty of 5% of the total tax due will be imposed on the business or professional corporation if they fail to file the Texas Franchise Tax Public Information Report on time. If the business entity is unable to pay the tax within 30 days from the due date then this 5% penalty will be imposed.

In the scenario, wherein, a business corporation is unable to file the Texas annual report or pay its taxes even after 30 days then the delinquent tax will accrue an interest starting from 60 days after the due date.

If a business corporation is unable to file the Texas Franchise Tax Public Information Report and/or does not pay tax or the penalty or interest due within 45 days from the due date, then its right to transact business in Texas may be forfeited.

What is the cost to file Texas Annual List?

The annual filing fee is different for different types of businesses. Let’s take a look at the fee for LLC’s and Corporations:

Domestic and Foreign Limited Liability Company – $0
Domestic Business Corporations – $0
Foreign Business Corporations – $0

How to File Annual Lists with IncParadise?

The filing process of a Texas annual report or Franchise Tax Public Information Report will require extensive paperwork as you will have to provide every possible detail right from business name to principal business address, name of registered agent, partners, chief financial officer or managers, and also calculate the amount of franchise tax due.

Is there a way to make the process easier? Let IncParadise file the annual report on your behalf!

Your Benefits are:

  • We will send you a due date notification and all you have to do is to order on time, so that we can ensure filing on time!
  • We will ensure you receive “Reminders” regarding the due date
  • We will file it directly with the Texas Comptroller
  • We will help save you from late filing fees

AVOID HUGE PENALTY! AVOID FORFEITURE!

We at IncParadise, are one of the respected registered agents in Texas and will be responsible towards initiating the filing of Texas annual report for domestic and foreign professional and business corporations and limited liability companies in the state. We have access to the Texas Online System for filing Public Information Report – SOS Direct!

GET ADVANCE NOTICE OF DUE DATE

AVOID FORFEITURE OF YOUR COMPANY THROUGH TIMELY FILLING OF PUBLIC INFORMATION REPORT

Additional Services

Date: | Category: | Author: Jakub Vele

Texas Additional Services

TAX ID (Employment Identification Number - EIN) - FREE

Self-Service: Obtaining a Tax ID number doesn’t cost any money. You can apply by phone, fax or mail. You can also call toll free at (800) 829 4933 and get EIN instantly over the phone. If you apply by fax, it takes about 4-5 business days. If you apply by mail, it takes about 3-4 weeks. Please find information about Tax ID – EIN here.

Full Service: Do you need assistance with obtaining a tax ID? We can help prepare the form and obtain the tax ID for $45. Order here Tax ID.

S CORPORATION STATUS ELECTION

What is “S Corporation”?: An “S Corporation” is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation’s owners (the stockholders). Under Nevada incorporation law, there is no distinction between a C corporation and an S corporation. The incorporation process is the same. However, the two type of corporate entities are subject to differing federal and state tax treatment. Our cost is $45. Order S Corporation filing here.

CORPORATE KITS

Corporate kits start at only $82.50. LLC and INC. Click here to order corporate/LLC kits for any U.S. state.

TEXAS CERTIFICATE OF GOOD STANDING

A certificate of good standing (certificate of existence) in Texas is a document issued by the Secretary of State certifying that your corporation does exist legally and that it is in good standing with the state. We can obtain one for you. The fee is $89 + state fee.

TEXAS APOSTILLE

In 1981, the United States joined the 1961 Hague Convention abolishing the Requirement of Legalization for Foreign Public Documents. The Convention provides for the authentication of public (including notarized) documents to be used in countries that have joined the convention. Apostille of Articles of Incorporation or other document is issued by the Secretary of State. Price is $89 + state fee.

TEXAS REINSTATEMENT OF CORPORATION/LLC

If your charter was revoked and you want reinstate the company, you have to pay all due fees and penalties and file appropriate annual reports.

Do you need somebody to handle reinstatement for you? Please contact us! We charge $89. We can find out how much money you owe for state fees.

TEXAS AMENDMENTS OF ARTICLES

There are times when a business needs to change the information included in the Articles of Incorporation or Articles of Organization. To do this, you need to file an amendment with the Texas Secretary of State. Some reasons a business may need to file an amendment are to change the company’s name, to expand or alter the company’s business purpose, or to change the number of authorized shares or par value (for corporations only).

Do you need somebody to handle the filing of amendment for you? Please contact us! We charge $89 + state fees. Pay by PayPal (our email address is paypal@https://incparadise.net).

FOREIGN QUALIFICATION (all U.S. states)

Registration of foreign company qualifying to conduct business in other states: If your company expects to transact business outside your state of formation, your company may be required to qualify as a “foreign corporation” or “foreign LLC.” We can file the necessary paperwork to qualify your business as a foreign corporation or LLC in any of the 50 states.

Do you need somebody to handle foreign qualification for you? Please contact us!

Read more information about Foreign Qualification here
Foreign qualification fees

U.S. ADDRESS FOR PERSONAL OR BUSINESS USE AND MAIL FORWARDING

Do you need U.S. street address as your mailing address. Mail is forwarded once a week. We offer mail forwarding service based in Las Vegas, NV.

There are two options:
$150 per year. $2.50 per mailout plus postage.
$99 per year. $5.50 per mailout plus postage.

To order mail forwarding, click here.

BUSINESS LICENSE REPORT

Business licenses are mandatory for every business in the USA to operate legally. You may require federal, state, local licenses, permits, and tax regulations for your business.

Obtaining business licenses and permits is a daunting and time-consuming process as it entirely depends on the business industry, location, etc. IncParadise makes the business license process easy for you by delivering a report that lists the required federal, state, local licenses, permits, and tax regulations. Our expert research team searches, identifies and verifies the local, state, and federal licenses and permit requirements for your business type and location. They then send you the report with a list of these business license requirements so that you can save yourself time and effort.

Order Business License Report

LOCAL VOICE MAIL AND FAX. FAX TO EMAIL.

We offer brand-new local voice mail or fax number. We will also issue you a password that will allow you to access the voice mail system in order to retrieve messages and/or set up your own customized greeting. Faxes can be forwarded to your email. Service available in TEXAS: Corsicana, Dallas, Fort Worth, Houston, Houston Suburbs, Navarro County, San Antonio. More details about local voice mail and fax services.

TOLL-FREE NUMBERS

We offer the best toll-free numbers on the market. Nationwide businesses, mid-sized and small businesses, and families can order toll-free 800 services and get a number that rings directly to your home or business. Redirect it to your fax machine or cell phone and back as you change locations. Track calls on the Internet in real time. Select an easily remembered vanity number for your business. You will get: custom routing, voice mail, inbound faxing, website account management, call recording, lead generation, vanity numbers, national toll-free database search and much more!

More information here.

Why Texas?

Date: | Category: | Author: Jakub Vele

Why incorporate in Texas?

Business Information & Rankings

  • Texas is the headquarters for 45 Fortune 500 Companies and home to 14 of the 100 Fastest Growing Businesses in America. (Fortune Small Business Magazine)
  • Texas ranked 4th on the Business Climate Index. (Tax Foundation, 2004)
  • If Texas were its own nation, it would represent the world’s 8th largest economy.
  • Texas recently surpassed California as the largest exporter in the nation.

Cost of living

For Dallas, TX (2005)Index Score
Composite:94.4
Housing:79.4
Utilities:112.6
Misc. Goods & Services:97.9

Crime Rate

Texas has the 45th lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Taxed. Exemption applies if inventory is held in state less than 175 days.

Corporate Income Tax
Texas and four other States (Nevada, Wyoming, South Dakota and Washington) do not levy corporate income tax.

Personal Income Tax
Texas is one of the six States that does not levy any individual income taxes.

Personal Property Tax
Texas does not have a state property tax; however it is collected on a local/county level. All real and income-producing tangible personal property not exempt by state or federal law is taxed. Personal property (including automobiles, airplanes, boats and travel trailers) that does not produce income is mostly exempt from taxation.

Texas does not tax intangible property such as stocks, bank accounts or certificates of deposit.

State Sales and Use Tax
Base Rate: 6.25%
Machinery Rate: 6.25%

There is an exemption for industrial machinery.

Unemployment Insurance
Texas’ new employers’ rate is 2.7% for 1.5 years.

Incorporate in Texas

Date: 06/26/2018 | Category: | Author: Jakub Vele

Incorporate in Texas

Why is Texas such a sought after destination for incorporation? In 2016, the contribution of Texas to the state’s GDP was $226 billion. According to Forbes, the ranking of this state with regards to economic climate is right at the top. That is not the only reason why there has been such an increase in new business incorporation in Texas. In fact, the business costs in Texas are far lower than that of California and Arizona.

Why Choose Texas for Incorporation?

There are several reasons why there has been a rise in company incorporation in Texas, and one of the prime reasons is the advantages that businesses enjoy. Some of the advantages include:

Franchise Tax

One of the most significant benefits you can derive from company incorporation in Texas is the exemption from franchise taxes although it is not for every business but several business enjoy this benefit. The exemption however varies according to the type of business. Profit and nonprofit corporations are exempted from the IRS under IRC Section 501(c)(2), (16) or (25).

Pass-through taxation

If you are planning to set up a company in Texas then this is another advantage you will enjoy. If you have registered your business as an S corporation, then you will only pay income tax on your income and not on the income of your business.

Protection

Texas’s Business Organizations Code (BOC) allows any individual with necessary capacity to set up a company in Texas. Such an individual can be the president, director, secretary, and shareholder of the corporation. A Texas corporation is supported by a history of provisions and case law, which provides protection to a shareholder and thus limits their personal liabilities.

Credibility

Company incorporation in Texas will help in increasing the overall “credibility” of your business. Which will further develop investor interest in your organization.

How do you incorporate in Texas?

Company incorporation in Texas has its own set of benefits. However, there’s a process that you needs to be followed. To register your C or S Corporation, there are several requirements that must be met. At incparadise.net, we have a team of specialists who can guide you towards setting up your Texas C Corporation, S Corporation, or LLC in the shortest possible time.

Here is a step by step procedure towards incorporation in Texas:

  1. Type of Business: First, you need to identify the business type. You can choose from the following; a general stock corporation, non-profit corporation, sole proprietorship, limited liability company (LLC), limited partnership (LP), general partnership (GP), or limited liability partnerships (LLP).
  2. Business Entity Name: The second step is to select a name for your business, along with the required suffix. The suffix will indicate the type of business entity you have formed. If you opt for a company incorporation in Texas, then it’s essential to do a business name check for the name you’ve selected and reserve it with Secretary of State. This step must be completed before filing your articles or certificate of Incorporation. You can find detailed information on checking business names here.
    Note: According to the section 5.053 of Business Organizations Code (BOC), you will not be able to choose a name that’s deceptively similar or the same as an existing business name of another entity.
  3. Registered Agent: It’s required that you select a registered agent. The registered agent will be responsible for initiating the processing of your certificate of formation. As a Texas registered agent like incparadise.net, we can also receive any and all legal and business related paperwork on your behalf.
  4. Articles of incorporation: You will need to file a certificate of formation with the Secretary of State. At incparadise.net, we can always file this on your behalf via the standard process or online via the expedited process.
  5. Date Stamped Copies: As a part of the process of company incorporation in Texas, we will ensure that you receive date-stamped and filed copies for your records. The documents are confirmation that the state has filed and formed your corporation.

Costs and Fees associated with Texas Incorporation

What would it cost to set up a company in Texas? Check Fees here!

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Texas LLC and Corporation Registration and Formation

Date: | Category: | Author: Jakub Vele

Texas LLC and Corporation Registration and Formation

The second largest economy in the US, the gross state product of Texas in 2016 was 1.616 trillion. It is also home to 6 of the top 50 Fortune 500 companies. This is one amongst many reasons why company formation in Texas is always considered as the most favorable or beneficial.

The state and local tax burdens in this state is among the lowest and is ranked 8th when it comes to providing a good business tax climate. The growing and stable economy, strong infrastructure, good labor laws, and long-term business growth perspective provides the foundation required to form a Corporation in Texas.

How do you form a Texas LLC or Corporation? Where do you start? The process for registration and formation may seem like an exhaustive one but once you have hired a top Texas registered agent like us, we will ensure, the entire process is simple and quick for you.

Let’s take a look at how to form a Texas business corporation or LLC.

Texas LLC Registration and Formation

Texas LLC Registration & Formation

An LLC company formation in Texas is governed by title 3 in chapter 101 of the Texas Business Organizations Code (BOC). The procedure for registration and formation of LLC is as follows:

Hire a registered agent

According to the Texas Business Organizations Code (BOC), every LLC is required to maintain a registered agent. Your registered agent can be a foreign entity or a domestic entity and they should be registered to do business in Texas. According to BOC, a limited liability company will not be able to act as its own registered agent. We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 company formations in Texas.

We are in compliance with all regulations in the State of Texas.

Choose a Name

One of the important steps towards formation of a Texas LLC is name registration. Your chosen name should end with any variant of Limited Liability Company abbreviation like XYZ LLC or XYZ L.L.C. According to section 5.053 of the BOC, the chosen name for your LLC cannot be deceptively similar or the same as any other LLC name that exists on record. In order to reserve or register your entity name, you need to download the form 507.

Certificate of Formation

If you are planning to form a Texas business LLC then the most important step is to prepare and file the Certificate of Formation for a Limited Liability Company. The Certificate of Formation (Form 205) has to be filed with the Texas Secretary of State along with the filing fee. We can file the form on your behalf as your registered agent in the state and provide you with certified copies of the LLC registration.

In case, you have any questions, feel free to call us at 702-871-8678.
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Texas Corporation Registration and Formation

Texas Corporation Registration & Formation

If you are planning to form a Corporation in Texas then the procedure for registration and formation is as follows:

Hire a registered agent

According to the Texas Business Organizations Code (BOC), every Corporation is required to maintain a registered agent. Your registered agent can be a foreign entity or a domestic entity and they should be registered to do business in Texas. According to BOC, a Corporation will not be able to act as its own registered agent. We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 company formations in Texas.

We are in compliance with all regulations in the State of Texas.

Choose a Name

If you are planning to form a Corporation in Texas, one of the important steps towards formation is name registration. Your chosen name should end with any abbreviation like XYZ Inc or XYZ Incorporate. According to section 5.053 of the BOC, the chosen name for your corporation cannot be deceptively similar or the same as any other business name that exists on record. In order to reserve or register your entity name, you need to download an assumed name certificate or form 503.

Certificate of Formation

In order to form a Corporation in Texas, you will need to prepare and file the Certificate of Formation for a Professional Corporation (Form-203). The Certificate of Formation will be different for both non-profit (Form-202) and Profit Corporation (Form-201). It has to be filed with the Texas Secretary of State along with the filing fee. We can file the form on your behalf as your registered agent in the state and provide you with certified copies of the registration.

If you have any questions regarding Texas incorporation or LLC formation, you can simply visit the Texas Business formation page.

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