The simplest way of structuring your business to protect personal assets.
With our $800 package, you can launch your LLC confidently, knowing all foundational aspects are expertly handled, setting you up for success from day one.
Just need the essentials,
With our simple $450 package get your LLC and EIN in about a week.
Other Business Structures:
For information on other structures, please contact us for consultation.
Employer Identification Number (EIN):An EIN, also known as a Federal Tax Identification Number, is issued by the IRS to identify a business entity. It is required for businesses that have employees, operate as a corporation or partnership, or meet other specific criteria. An EIN is used for tax filing and reporting purposes.
Limited Liability Company (LLC) Formation:An LLC is a business structure that provides limited liability protection to its owners while offering flexibility in management and taxation. Forming an LLC involves filing Articles of Organization with the state, creating an Operating Agreement, and meeting other state-specific requirements. An LLC can be taxed as a sole proprietorship, partnership, S corporation, or C corporation, depending on the owner's election.
In Texas, businesses organized or operating in the state must file a franchise tax report annually. The primary forms due include the Franchise Tax Report and the Public Information Report (PIR). These reports are due on May 15th each year. The Franchise Tax Report calculates the franchise tax owed, based on the business's revenue and other factors. The PIR provides updated information on the business’s registered agent, principal office address, and key management. Timely filing of these forms ensures compliance with Texas state regulations and helps avoid penalties and interest.
Texas imposes a sales tax on the sale, lease, and rental of most goods and some services. The state sales tax rate is 6.25%, but local jurisdictions (cities, counties, special purpose districts, and transit authorities) can impose additional sales taxes, which can bring the total rate up to 8.25%. Businesses selling taxable goods or services in Texas must register for a sales tax permit, collect the tax from customers at the point of sale, and remit it to the Texas Comptroller of Public Accounts. Sales tax returns must be filed regularly, either monthly, quarterly, or annually, depending on the business's tax liability. Compliance with sales tax regulations ensures businesses operate legally and avoid penalties.
The Beneficial Ownership Information (BOI) Report is a regulatory requirement aimed at increasing transparency in business ownership. It requires certain business entities to disclose information about individuals who have significant control over or ownership in the company. This includes the names, addresses, dates of birth, and identification numbers of beneficial owners. The report helps prevent illegal activities such as money laundering, tax evasion, and terrorist financing by making it easier for regulatory authorities to identify and track the actual owners of business entities. There are severe monetary and criminal penalties for non-compliance.
A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report.
A reporting company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report. This 90-calendar day deadline runs from the time the company receives actual notice that its creation or registration is effective, or after a secretary of state or similar office first provides public notice of its creation or registration, whichever is earlier.
Reporting companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.
Besides a $100 discount on your tax return when you file with us. You will also get 1 year subscription of Sales and Use tax quarterly fillings if applicable. As well as exclusive pricing on bookkeeping services.
Please reach out to us to begin your LLC formation, you will need:
Our team is here to help and address any questions you may have. Feel free to contact us, and we'll work together to provide the information or support you need. Your unique tax situation is important to us, and we're committed to finding the right solutions for you.
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