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Forming a Limited Liability Company (LLC)

One of the most popular business structures among small scale business organizations is the Limited Liability Company (LLC). This business organization provides limited liability protection to its owners and allows business owners to be free from an enormous deal of formalities which are normally imposed on other types of business ventures. LLCs are likewise eligible for “pass-through” taxation wherein the company's income taxes are only reflected on each of the owner's respective personal tax returns and not at the business level. Starting an LLC in Texas is easy and our company will be able to assist you from its inception. First, all you need to do is to tell us about your business and our company will take the complexities involved in forming your LLC. Second, we will file the necessary paperwork for you to the Secretary of State using the information you have provided us. Lastly, you just have to wait to receive your documents at the comfort of your home as you will receive your completed LLC package by mail once your incorporation documents have been approved by the state of Texas. LLCs provide personal asset protection which shields business owners from personal liabilities over the debts of the business. Unlike corporations, it is not burdened with the same stringent recordkeeping requirements and whether you choose to have a foreign, single-member managed, L3C, or multiple-member managed LLC, our company will be able to assist you.

Here are the top three reasons why you should consider choosing our services:

  • Our company is trusted and experienced in business formation. Our qualified Business Specialists will form your LLC the proper way, thereby saving you time and money by avoiding fatal errors which can prove costly. You can then focus on nurturing your business as we handle your business filings.
  • We provide excellent customer support. As our valued customer, you will be assigned your personal Business Specialist to effectively focus on your concerns. We understand that you may have a lot of questions during the formation process and our company is determined to provide you with your own personal Business Specialist to assist you along the way.
  • Quick turnaround time. Once you have entrusted us for the filing of your LLC, we will waste no time in starting the process of forming your new business. Our processing times are some of the fastest in the industry.

Features of a Limited Liability Company

  • Management flexibility

    The members of the LLC can determine how the company is viewed as a taxable entity in the state of Texas. LLCs can either be taxed federally as a partnership or as a sole proprietorship which will depend on whether it is a multi-member or single-member LLC. The members may likewise opt to be taxed as a C- or S-corporation.

  • Personal asset protection

    The personal assets of the individual partners in an LLC is considered distinct and separate from the personal interest invested in the company. This only means that whatever the business has incurred in debts and liabilities, the same are solely the liabilities of the business and not that of the members.

  • Minimal formalities required

    LLCs are burdened with very few regulations like compliance with the filing of annual reports and paying of all applicable state-level taxes unlike other business structures which need to comply with stringent regulations. Beyond this formation process, our Business Specialists will be able to assist you to remain compliant regardless of the stage your company is in.

  • Pass-through taxation

    An LLC is taxed on a "pass-through" basis which means that the profits and losses of LLCs are paid out by each of the individual owners and are only reflected on their personal income tax returns and not to that of the company. The only difference is that, LLCs with multiple owners must file a purely informational tax return for their business while a single member LLC does not.

The following are included in our LLC package:

  • Verification of company name availability.
  • Preparation of your Articles of Incorporation.
  • Your own dedicated Business Specialist.
  • Document filing with the Secretary of State.
  • Online access to your LLC documents.
  • Certification of Incorporation.
  • 100% Satisfaction Guarantee.
  • Delivery of Documents.

Advantages of a Limited Liability Company (LLC)

  • Credibility. Forming an LLC may help your business be perceived as a more legitimate business compared with a sole proprietorship or a general partnership.
  • Consent to add owners. In order to increase ownership in the company or to add new members, a prior written consent from all LLC members must be obtained.
  • Minimal ongoing formalities. In general, LLCs have less annual paperwork and do need to comply with the meeting requirements imposed on C corporations or S corporations.
  • Limited liability protection. The owners of the LLC are not held personally liable for business debts and other liabilities of the company.
  • Flexibility in allocating profits with its owners. The owners of the LLC enjoy flexibility in apportioning profits and losses among its members.
  • Pass-through taxation. A typical LLC does not pay taxes on the business level, instead any income or losses is reported on the owners' personal tax return and whatever the tax due is paid at the individual level.
  • No restrictions on ownership. LLCs typically have no or very few ownership restrictions imposed unlike an S-corporation which is limited to 100 owners.
  • Flexible management. LLC owners enjoy flexibility in structuring their company management.
  • Availability of different membership classes. An LLC is not limited to one class of ownership as with S-corporations, as a matter of fact it can have different membership classes.

Once you have decided to register your own LLC or even while you are still contemplating in putting up one, you can contact us and one of our dedicated Business Specialists will gladly assist you.

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Hayes Hunter PC is committed to answering your questions about Business Formation & Disputes, Accident & Injury, Wills, Trusts, & Probate, Trademark & Trade Secrets law issues in Houston, Texas.

We offer a free consultation and we’ll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

The principal office of Hayes Hunter PC is located in Houston, Texas. Attorney Charles Hunter is responsible for the content of this advertisement.