Difference between revisions of "Create a LLC in Texas"
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{{fa}}A limited liability company (LLC) is a type of business well suited to many smaller enterprises. It allows an owner to limit personal liability in the finances of the company. If someone sues the company, the owners won't lose all their personal assets. They are only financially accountable for their investment in the business. Forming an LLC also provides some flexibility in how the company runs. In Texas, LLCs can be formed easily and inexpensively.<ref name="rf1">https://www.legalzoom.com/articles/texas-llc-guide</ref> Federal and state law provide many tax advantages to LLCs. For example, the LLC itself does not pay taxes; rather, the business’s net income is passed through to the owners who report it on their personal income forms. | {{fa}}A limited liability company (LLC) is a type of business well suited to many smaller enterprises. It allows an owner to limit personal liability in the finances of the company. If someone sues the company, the owners won't lose all their personal assets. They are only financially accountable for their investment in the business. Forming an LLC also provides some flexibility in how the company runs. In Texas, LLCs can be formed easily and inexpensively.<ref name="rf1">https://www.legalzoom.com/articles/texas-llc-guide</ref> Federal and state law provide many tax advantages to LLCs. For example, the LLC itself does not pay taxes; rather, the business’s net income is passed through to the owners who report it on their personal income forms. | ||
| − | [[Category:Business Entities]] | + | [[Category: Business Entities]] |
== Steps == | == Steps == | ||
===Registering a Name for Your LLC=== | ===Registering a Name for Your LLC=== | ||
