LLCs in Texas
An LLC (Limited Liability Company) is a relatively inexpensive way to protect personal assets from business liability (and vice versa), yet this is a widely underutilized tool. This firm can not only help establish an official business with the state, but also provide customized governing documents of the company to take advantage of the legal protections available under the law. While governing documents may not be necessary for tax reasons, there are legal reasons to put a little more effort into your business than filling out a stock form with the state.
Ramsey Law provides the following services for Texas businesses:
Individual LLC Formation (one owner): starts at $1,500
- One Certificate of Formation (including state filing fee)
- Company Agreement
- Member Certificate
- Organizational Minutes
- Annual Meeting Forms
- Deeds may be prepared and filed for an additional fee
- Additional LLCs prepared at the same time may be eligible for a discount
Spouse LLC Formation (two owners): starts at $2,000
- One Certificate of Formation (including state filing fee)
- Company Agreement with basic provisions to address death of owner or dissolution of marriage
- Member Certificate
- Organizational Minutes
- Annual Meeting Forms
- Deeds may be prepared and filed for an additional fee
- Additional LLCs prepared at the same time may be eligible for a discount
Individual Series LLC Formation (one owner): starts at $2,000
- One Certificate of Formation (including state filing fee)
- Company Agreement
- Member Certificate
- Organizational Minutes
- Annual Meeting Forms
- Deeds may be prepared and filed for an additional fee
- Additional Series may be prepared and filed for an additional fee
The firm does not currently offer services related to multi-member LLCs other than LLCs owned by spouses.
Series LLCs have one umbrella LLC and can have multiple sub-companies (series) under that umbrella. People tend to choose Series LLCs to save on formation costs, but the pros and cons should be discussed with an attorney and CPA before this option is chosen over individual LLCs for each business.
The firm can also connect clients with other professionals that are essential to every business, including Commercial Insurance Agents, Commercial Lenders/Bankers, Bookkeepers, and CPAs.