Is the business name "Lone Star Consulting" available for registration in Texas, and what are the total costs associated with forming an LLC in Texas?
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To determine if the business name "Lone Star Consulting" is available for registration in Texas, you will need to conduct a name search through the Texas Secretary of State's website. They provide a business name search tool that allows you to check if your desired LLC name is already in use or if it is available.
As for the costs associated with forming an LLC in Texas, here are the typical expenses you may incur:
1. **Filing Fee**: The primary cost to file your Certificate of Formation (Form 205) for an LLC in Texas is $300. This is the fee paid to the Texas Secretary of State.
2. **Name Reservation Fee (optional)**: If you want to reserve the name before filing, it costs $40 and holds the name for 120 days.
3. **Franchise Tax**: Texas LLCs are subject to a franchise tax if their revenue exceeds a certain threshold (currently $1,230,000 as of 2023). The franchise tax is based on the total revenue of the LLC.
4. **Registered Agent Fees**: If you hire a registered agent service, this may cost between $50 to $300 annually, depending on the service provider.
5. **Operating Agreement**: While not required by Texas law, drafting an operating agreement is recommended. You can create one for free, or hire a professional which could cost anywhere from $200 to $2,000.
6. **Other Costs**: Depending on your business, you may have other expenses such as business licenses or permits, which vary based on your industry and location.
In summary, the basic cost to form an LLC in Texas starts at approximately $300, plus any additional fees for reserves, agents, and agreements. Always check the Texas Secretary of State's official website or consult with a legal professional for the most accurate and up-to-date information.
As for the costs associated with forming an LLC in Texas, here are the typical expenses you may incur:
1. **Filing Fee**: The primary cost to file your Certificate of Formation (Form 205) for an LLC in Texas is $300. This is the fee paid to the Texas Secretary of State.
2. **Name Reservation Fee (optional)**: If you want to reserve the name before filing, it costs $40 and holds the name for 120 days.
3. **Franchise Tax**: Texas LLCs are subject to a franchise tax if their revenue exceeds a certain threshold (currently $1,230,000 as of 2023). The franchise tax is based on the total revenue of the LLC.
4. **Registered Agent Fees**: If you hire a registered agent service, this may cost between $50 to $300 annually, depending on the service provider.
5. **Operating Agreement**: While not required by Texas law, drafting an operating agreement is recommended. You can create one for free, or hire a professional which could cost anywhere from $200 to $2,000.
6. **Other Costs**: Depending on your business, you may have other expenses such as business licenses or permits, which vary based on your industry and location.
In summary, the basic cost to form an LLC in Texas starts at approximately $300, plus any additional fees for reserves, agents, and agreements. Always check the Texas Secretary of State's official website or consult with a legal professional for the most accurate and up-to-date information.
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