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FAQ: Frequently Asked Questions For Texas
Name Endings
1. Can I use Lottery in my corporation name?
The name may not contain the word "Lottery."
2. Are there any rules concerning the corporation or LLC name?
The name must not imply a purpose other than that stated in the articles of incorporation.
3. What names can I use for my Limited Liability Company name?
The name of the LLC must end with Limited Liability Company “LLC, or L.L.C.
Article Requirements
1. How many Directors and Officers do I need for my Corporation?
The minimum number is one. You can be listed as all four.
2. Is the Director information public?
Directors are required to be listed in the articles of incorporation, the Officers are not required to be
listed in the articles of incorporation.
3. Are LLC Members and Managers public?
Members/managers are required to be listed in the articles of organization
4. What is the difference between a Manager and a Member for an LLC?
You can only list one or the other on your articles of organization. Managers are employees of the
company and members are owners. A Manager may be an owner.
5. Who is the Incorporator or Organizer?
IncSmart.biz and the filers are the Incorporators and Organizers for your new entity. It is the person
that completes and signs the articles and submits them to the Secretary of State. The Incorporator's
and Organizer's duties and title end after filing.
Taxes and Fees
1. Does Texas have annual fees and reports?
Texas has a Franchise Tax report. A business initial report is due one year and 89 days after the
corporation's beginning date in Texas. Thereafter, annual reports are due each May 15.
2. What are the Franchise fees for the Texas Comptrollers Office?
Greater of .25% (.0025) per year of privilege period of net taxable capital or 4.5% (.0450) of net
taxable earned surplus. For the initial report, the net taxable capital rate is prorated over the initial
period. Corporations that owe less than $100 do not pay the tax but must file the report.
3. Who can I call with answers for the Texas Franchise Taxes?
The Texas Comptrollers Office phone number is 800-252=1381
Compliance Requirements
1. Will Texas require me to have a local bank account?
Texas does not require a local bank account to run your business from the state.
2. Does Texas require me a local business address?
Texas Articles of Incorporation does not ask for an address.
Filing Process
1. What is the process to file a new company in Texas?
The Texas Secretary of State averages around two (2) days to file new articles.
Texas Order Forms
1. Texas Corporations
2. Texas Limited Liability Companies
3. Texas Doing Business As (DBA)
5. Texas UCC Statement
6. Texas Foreign Qualification
7. Texas Mail Forwarding Service
8. Texas Bookkeeping Service
9. Texas Amendment
1. Can I use Lottery in my corporation name?
The name may not contain the word "Lottery."
2. Are there any rules concerning the corporation or LLC name?
The name must not imply a purpose other than that stated in the articles of incorporation.
3. What names can I use for my Limited Liability Company name?
The name of the LLC must end with Limited Liability Company “LLC, or L.L.C.
Article Requirements
1. How many Directors and Officers do I need for my Corporation?
The minimum number is one. You can be listed as all four.
2. Is the Director information public?
Directors are required to be listed in the articles of incorporation, the Officers are not required to be
listed in the articles of incorporation.
3. Are LLC Members and Managers public?
Members/managers are required to be listed in the articles of organization
4. What is the difference between a Manager and a Member for an LLC?
You can only list one or the other on your articles of organization. Managers are employees of the
company and members are owners. A Manager may be an owner.
5. Who is the Incorporator or Organizer?
IncSmart.biz and the filers are the Incorporators and Organizers for your new entity. It is the person
that completes and signs the articles and submits them to the Secretary of State. The Incorporator's
and Organizer's duties and title end after filing.
Taxes and Fees
1. Does Texas have annual fees and reports?
Texas has a Franchise Tax report. A business initial report is due one year and 89 days after the
corporation's beginning date in Texas. Thereafter, annual reports are due each May 15.
2. What are the Franchise fees for the Texas Comptrollers Office?
Greater of .25% (.0025) per year of privilege period of net taxable capital or 4.5% (.0450) of net
taxable earned surplus. For the initial report, the net taxable capital rate is prorated over the initial
period. Corporations that owe less than $100 do not pay the tax but must file the report.
3. Who can I call with answers for the Texas Franchise Taxes?
The Texas Comptrollers Office phone number is 800-252=1381
Compliance Requirements
1. Will Texas require me to have a local bank account?
Texas does not require a local bank account to run your business from the state.
2. Does Texas require me a local business address?
Texas Articles of Incorporation does not ask for an address.
Filing Process
1. What is the process to file a new company in Texas?
- Choose a Name for your LLC or Corporation
- File your Articles with the Texas Secretary of State
- Order your Tax ID Number
- Order your State Business License
- Receive copy of documents by email and originals by US Post
- Open a business checking account
The Texas Secretary of State averages around two (2) days to file new articles.
Texas Order Forms
1. Texas Corporations
2. Texas Limited Liability Companies
3. Texas Doing Business As (DBA)
5. Texas UCC Statement
6. Texas Foreign Qualification
7. Texas Mail Forwarding Service
8. Texas Bookkeeping Service
9. Texas Amendment
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