LLC Openings
Limited Liability Company (LLC) what is it?
It is a business structure that separates owners from their business, and it can be formed by one (1) or more members, who can be individuals, corporations, other LLCs, or foreign entities.
Classifications Depending
On the choices made by the LLC and the number of members, the IRS will treat an LLC as:
- A corporation
- Partnership
- Part of the owner’s tax return.
HOW IS THE PROCESS?
Secretary of State of TX
a. Reserve the chosen name; it must be a name not currently in use in the state.
b. Afterward, incorporation fees must be paid.
c. Choose a representative.
IRS You should open
a. Employer Identification Number (EIN)
b. Tax ID #
Bank account
a. You must open a bank account in the name of your company.
b. DO NOT mix personal and business accounts.
Articles of Organization and Operating
Agreement will specify:
a. How the company is organized.
b. How shares operate.
c. The participation of the members.
d. What to do in case of inheritance, sale, dissolution
Keep in Touch
Please fill out the form below and tell us your concerns.
13005 Greenville Avenue,
California, TX 70240
+22 140 006 754
contact@motortruckservices.com