Texas LLC - Formation Documents

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  • Опубликовано: 3 янв 2025

Комментарии • 330

  • @llcuniversity
    @llcuniversity  6 лет назад +10

    Hey folks, make sure to check the site for most up-to-date information: www.llcuniversity.com/texas-llc/forms/. Or select your state and start forming your LLC with our free guides: www.llcuniversity.com/

    • @niiicolewith3eyes
      @niiicolewith3eyes 4 года назад +2

      You’ve explained this perfectly and straight forward. I really Appreciate your efforts

    • @llcuniversity
      @llcuniversity  2 года назад

      @@akhilbhakta04 - How is "them"? I don't fully understand the question.

  • @backporchwithshundad
    @backporchwithshundad Год назад +2

    I am in tears 😭 of pure joy! This video has been HANDS DOWN the BEST VIDEO in helping me with my LLC❤️. I am already registered with the State Comptroller as a Sole Proprietor 🥰🥰🥰. THANK YOU THANK YOU THANK YOU 😊

    • @llcuniversity
      @llcuniversity  9 месяцев назад

      WOW!! Thank you so much for the kind words!! So glad we could help! :-)

  • @timmcnamara8767
    @timmcnamara8767 6 лет назад +20

    This is one of the most useful videos I've ever seen on RUclips. Great job!

    • @llcuniversity
      @llcuniversity  6 лет назад

      Thanks so much Tim! So glad to hear :)

  • @stellathorn8684
    @stellathorn8684 7 лет назад +40

    So clear, thank you just saved me $700

  • @myststranger
    @myststranger 4 года назад +2

    This video has been the most informative video I have found online! I appreciate the walk through on filling out The Certification of Formation. Thank you!!!!

    • @llcuniversity
      @llcuniversity  4 года назад +2

      Awesome to hear Bella! You're very welcome Bella :) Make sure to check out our entire Texas LLC course: www.llcuniversity.com/texas-llc/ (see "Detailed Lessons" at top) for other steps in the Texas LLC formation process. Hope that helps.

  • @Marnae
    @Marnae 3 года назад +1

    It’s 2021 and this video is still valid. You can also follow along with this video when filling online as well. Perfect! Thank you.

    • @llcuniversity
      @llcuniversity  3 года назад

      Yes ma'am! And we have the online filing instructions here: www.llcuniversity.com/texas-llc/forms/

  • @MsDeeeD
    @MsDeeeD 4 года назад

    Thank you for taking the time to show the STEP by STEP process. It helped me a lot as I was a bit confused. Thankfully we are able to do it online now through SOS Direct.

    • @llcuniversity
      @llcuniversity  4 года назад +1

      You're very welcome! Yes, SOS Direct is a big help. We don't have a video on SOS Direct yet, but we have the instructions on our site: www.llcuniversity.com/texas-llc/forms/

  • @cherlynlane5991
    @cherlynlane5991 Год назад

    Thank you so much for this awesome video. It was extremely helpful. Straight to the point and easy to understand.

  • @JShaNee
    @JShaNee 4 года назад +2

    Found my answer. Awesome. Thank you!

  • @bjones140
    @bjones140 4 года назад +1

    Thanks for the help, you saved me and my partner so much time 🙏🏽

  • @mrs.dyoung3804
    @mrs.dyoung3804 3 года назад

    You were a life saver thank You for taking the time to do this video

  • @TheJosa007
    @TheJosa007 4 года назад

    Much simpler and easy to understand could not be done. Thank you very much for the guidance.

    • @llcuniversity
      @llcuniversity  4 года назад

      Thank you! You're very welcome. If it's helpful, we've added online filing instructions for Texas LLCs on our website: www.llcuniversity.com/texas-llc/forms/.

  • @HToro22
    @HToro22 5 лет назад +1

    Thanks for the video! I filed mine online through SOS Direct but was able to use this information and apply it to the online process. Save me some headaches for sure! :D

    • @llcuniversity
      @llcuniversity  5 лет назад

      You're very welcome! We actually teach the online filing method as well on our website. There isn't a way to change a RUclips video without deleting and re-uploading. But glad to hear you figured it out :)

  • @lvk001
    @lvk001 3 года назад +1

    Hey this video is amazing. I have one question. In Article 3: Governing Authority, when you list yourself, do you add your address (personal or P.O Box) or the address to your registered agent?

    • @llcuniversity
      @llcuniversity  3 года назад

      Thanks LaRoderick! It depends. Which Registered Agent company did you hire?

    • @lvk001
      @lvk001 3 года назад

      @@llcuniversity Northwest Registered

    • @llcuniversity
      @llcuniversity  3 года назад

      @@lvk001 Okay, thank you. Most Registered Agents won't allow this, however, Northwest Registered Agent will allow you to use their address (with your name) in the Governing Authority section. Hope that helps.

  • @faithhopelovebuilder608
    @faithhopelovebuilder608 5 лет назад +3

    Hi Matt! Thank you for this very valuable information! So helpful. Much appreciated!

  • @rimran2712
    @rimran2712 8 лет назад +8

    Its very very clear, useful and helpful to form LLC.

    • @llcuniversity
      @llcuniversity  8 лет назад

      Hi Muhammad, awesome! Glad to hear the information was helpful! Our full texas course is here: www.llcuniversity.com/texas-llc/. Let me know if you need anything else.

  • @jeremyjones8971
    @jeremyjones8971 4 года назад

    Who would give this a Thumbs Down. Great Info.

  • @justtrollinaround
    @justtrollinaround 7 лет назад +2

    You made this so simple. Thank you so much for the great video.

    • @llcuniversity
      @llcuniversity  7 лет назад

      You're very welcome! Thanks for your comment :)

  • @michellembarre5032
    @michellembarre5032 4 года назад

    Clear precise and no guesswork!!!! I'd pay you if I could just for the info!!!

    • @llcuniversity
      @llcuniversity  4 года назад

      What an amazing comment Michelle! Thank you! We have even more free info on Texas LLCs in our DIY course: www.llcuniversity.com/texas-llc/ ;) Hope that helps!

  • @knownasmar9780
    @knownasmar9780 5 лет назад +2

    This was so informative, great video!

  • @pmdpqvdr
    @pmdpqvdr 5 лет назад +3

    Thank you for making this video, it's very well explained.
    Where is it that you select how the LLC is going to be taxed? If either as a pass through, or as s-corp
    Thank you

    • @llcuniversity
      @llcuniversity  5 лет назад +1

      You're welcome! Great question. That would be done when you apply for the LLC's EIN Number with the IRS (see here: www.llcuniversity.com/texas-llc/federal-tax-id-number-ein/). Actually, what happens here is you'll tell the IRS how many members your LLC has (and in Texas, whether or not they are husband and wife). Based off that, your LLC will have a "default tax election" (typically an LLC taxed as a Sole Proprietorship or an LLC taxed as a Partnership). If you want to elect to have your LLC taxed as an S-Corp, that would be done afterward. We have info on an LLC with S-Corp election here: www.llcuniversity.com/irs/llc-taxed-as-s-corp-form-2553/. Hope that helps!

    • @pmdpqvdr
      @pmdpqvdr 5 лет назад

      It sure did help! Very clear again.
      Thank you!

    • @llcuniversity
      @llcuniversity  5 лет назад

      You're welcome :)

  • @marksalinas8456
    @marksalinas8456 3 года назад

    Perfect!! You executed that with precision, thanks for sharing.

  • @brianasalinas8663
    @brianasalinas8663 Год назад

    Omg thank you so much!! Helped out so much

  • @cthornton1973
    @cthornton1973 4 года назад +2

    Extremely helpful! Thank you so much!

    • @llcuniversity
      @llcuniversity  4 года назад

      Awesome to hear! You're welcome Chip :) We have new Texas LLC lessons published on the site too: www.llcuniversity.com/texas-llc/

  • @russellmoore5711
    @russellmoore5711 6 лет назад

    Very good job. Thanks for a job well done. The best I’ve seen on RUclips.

  • @brendagutierrez4
    @brendagutierrez4 5 лет назад

    THANK YOU SO MUCH FOR MAKING THIS SO EASY TO UNDERSTAND!

  • @maharana6348
    @maharana6348 5 лет назад +2

    You explained very well my friend.I wish I can have some more info from you. Thank you.

  • @andreaaddie
    @andreaaddie 4 года назад

    Does your website include any information for pllcs

  • @thinhle8472
    @thinhle8472 8 лет назад +1

    Can you add videos how to file Series LLC in Texas?
    That will be great.

    • @llcuniversity
      @llcuniversity  8 лет назад

      Hey Thinh, we don't cover Series LLCs right now, as mentioned in your other comment. We recommend you hire an accountant and lawyer for assistance, as these are so easily screwed up. General info on TX Series LLCs, can be found on the state's website: www.sos.state.tx.us/corp/formationfaqs.shtml#LLC

  • @iam_ChrisJHarris
    @iam_ChrisJHarris 5 лет назад

    Can you instruct on how to add someone on care as a board of Director and a officer? This is different than a manager right?

    • @llcuniversity
      @llcuniversity  5 лет назад

      Those titles aren't used in an LLC. An LLC has Members and/or Managers. We have a page about it here: www.llcuniversity.com/member-managed-llc-or-manager-managed-llc/

  • @nestorroldan8119
    @nestorroldan8119 4 года назад

    Thank you so much for showing how to do it on my own dude I was super confused with all these other videos.

    • @llcuniversity
      @llcuniversity  4 года назад

      You're welcome Nestor! More Texas LLC resources are here: www.llcuniversity.com/texas-llc/. Just follow the "detailed lessons" towards the top of the page. Hope that helps!

  • @YY-hn1hi
    @YY-hn1hi 3 года назад

    Thank you. Your video was so helpful.

  • @jrock019770
    @jrock019770 Год назад

    I’m on article 4. You don’t have the initial address on your screen I know you said to skip but no mention of initial mailing address

    • @llcuniversity
      @llcuniversity  Год назад

      Hi J, you can find updated instructions here: www.llcuniversity.com/texas-llc/forms/

  • @dmgbrown713
    @dmgbrown713 3 года назад

    Thank you for this video! Where can I use a PO Box on this form? I've read that it can be used, and this form's instructions also make mention of where a PO Box can be used. Will you please clarify?

    • @llcuniversity
      @llcuniversity  3 года назад

      Hi Diana, you're very welcome :) It can't be used for the Registered Agent address, but it can be used in the Governing Authority section. We actually have more details on that here: www.llcuniversity.com/texas-llc/forms/

    • @jenniferoviawe
      @jenniferoviawe 3 года назад

      He's right. I've also heard the when you want to get business credit lines that you build over time, the companies that you apply for don't accept a P.O Box when you apply for a credit line.

  • @rashidamonae9380
    @rashidamonae9380 4 года назад

    Thank you for this easy to understand video!

    • @llcuniversity
      @llcuniversity  4 года назад

      You're welcome Rashida! If you prefer to file your Texas LLC online, we've added those instructions here: www.llcuniversity.com/texas-llc/forms/. Hope that helps!

  • @bigblue8986
    @bigblue8986 3 года назад

    Can you make a video on how to remove a person from a llc

    • @llcuniversity
      @llcuniversity  3 года назад +1

      Hi Big Blue, we won't be able to produce a video at this time, however, here is the overview. The exiting member should sell/assign their LLC Membership Interest (via a Sale or Assignment of Membership Interest form) to the remaining Member(s).
      The Operating Agreement should then be updated/amended.
      If the old Member is on the Certificate of Formation, then you can file an amendment with the state to remove them.
      If the LLC went from 2 Members to 1, then you should update your accountant. They'll file a final 1065 Partnership return for the LLC and then being filing taxes for the remaining member as an LLC taxed as a Sole Proprietorship.
      You'll also want to go to the bank with the exiting Member and remove them from the bank account. Hope that helps.

  • @etxkevin7452
    @etxkevin7452 6 лет назад +1

    Great video! Thank you for creating this. First time planning to form an LLC and videos like these make it so much more easy to digest.

    • @llcuniversity
      @llcuniversity  6 лет назад

      Hey Kevin, awesome to hear! You're welcome. We have some newer content on the site too: www.llcuniversity.com/texas-llc/

  • @alishabable
    @alishabable 5 лет назад

    Great work! In state of TX - can the LLC certificate of formation be done online on the Secretary of State Website?

    • @llcuniversity
      @llcuniversity  5 лет назад

      Yes sir! Full updates and instructions here: www.llcuniversity.com/texas-llc/

  • @drinkingwith40urty36
    @drinkingwith40urty36 4 года назад

    Can you use a money order from Walmart for payment?

    • @llcuniversity
      @llcuniversity  4 года назад

      Yes, it doesn't matter where the money order comes from, as long as it's a money order :-)

  • @kwumbongpearl2873
    @kwumbongpearl2873 3 года назад

    Thanks for this video .
    I think I am clear on what to do now.
    Thou I already ordered my EIN number before trying to get the certificate of formation. I hope it doesn't complicate me.?

    • @llcuniversity
      @llcuniversity  3 года назад

      It depends on what your EIN Confirmation Letter looks like. Does it have your LLC name at the top correctly?

    • @kwumbongpearl2873
      @kwumbongpearl2873 3 года назад

      @@llcuniversity how is it suppose to look. So I can verify if it's correct.
      Because I actually paid $235 for that

    • @llcuniversity
      @llcuniversity  3 года назад

      @@kwumbongpearl2873 - That's not possible so it must not be the correct form. The state filing fee is $300.

    • @kwumbongpearl2873
      @kwumbongpearl2873 3 года назад

      @@llcuniversity $300 for EIN??
      Oh woaw
      I paid below the amount, hope I am doing the right thing

    • @kwumbongpearl2873
      @kwumbongpearl2873 3 года назад

      @@llcuniversity please what's the current address to mail the certificate of formation llc.

  • @desean3626
    @desean3626 5 лет назад +6

    THANK YOU FOR THIS AMAZING VIDEO!!
    The information is clear, well paced, and very easy to follow. You have saved me time and money!

    • @llcuniversity
      @llcuniversity  5 лет назад

      Thank you for the awesome comment Steven! Glad it was so helpful :)

  • @araceliwood9814
    @araceliwood9814 3 года назад

    Thank you so much for this tutorial. It was very helpful. Awesome job!

    • @llcuniversity
      @llcuniversity  3 года назад

      You're very welcome Araceli! Thank you :)

  • @NestledWithWhitney
    @NestledWithWhitney 7 лет назад +2

    Hi! Thank you for this video🙌🏽. Very helpful. This can also be done online instead of using the mailing option correct?

    • @llcuniversity
      @llcuniversity  7 лет назад +1

      You're very welcome Jaé! Yes, this can be filed online via the SOS Direct. We just don't have a video on it yet. Hope that helps :)

    • @NestledWithWhitney
      @NestledWithWhitney 7 лет назад

      Thank you again

  • @abdulhadimurshid3073
    @abdulhadimurshid3073 7 лет назад

    you couldn't have done it better.... thumbs up !! thank you for uploading it

    • @llcuniversity
      @llcuniversity  7 лет назад

      Great comment!! Thanks man! Really appreciate the kind words :)

  • @GymJules
    @GymJules 4 года назад

    Thank you, you helped further a new entrepreneur!

    • @llcuniversity
      @llcuniversity  4 года назад

      Heck yeah!! You're very welcome Jules :)

  • @indikev2020
    @indikev2020 6 лет назад

    Simple and clear instructions. Thank you.

  • @chenikabrooks7471
    @chenikabrooks7471 4 года назад

    When should a you file as a Married Couple Single Member LLC as opposed to a Qualified Joint Venture LLC?

    • @llcuniversity
      @llcuniversity  4 года назад

      Hi Chenika, we cover that here: www.llcuniversity.com/irs/qualified-joint-venture-husband-wife-llc/. Hope that helps.

  • @juliancharlton4347
    @juliancharlton4347 6 лет назад +2

    That is an awesome video. You may want to add about veterans as I stumble about the waived fee in the comments. Also, what happens if my name is already taken. Do we play mail tag until I find one that is not taken...can I search first before mailing? Thank you so much! Julian

    • @llcuniversity
      @llcuniversity  6 лет назад

      Thanks Julian! Challenging to add info to videos, but we do have the veteran info on our website. There's 3 ways to check Texas LLC name availability. More details here: www.llcuniversity.com/texas-llc/search/. Hope that helps.

  • @databrainery9676
    @databrainery9676 2 года назад

    Thanks for the excellent video, Can we submit the Certificate of Formation online.
    and do you have a video , how to get the Seller Permit/ Reseller certificate in the State of Texas
    Thanks

    • @llcuniversity
      @llcuniversity  2 года назад +1

      Yes, you can file the Certificate of Formation online. We have instructions on this page: www.llcuniversity.com/texas-llc/forms/
      We don't have instructions on Seller Permit, but check out TaxJar for help.

    • @databrainery9676
      @databrainery9676 2 года назад

      @@llcuniversity Thanks Do you know how one can get a UNIQUE physical address for LLC. Thanks

    • @llcuniversity
      @llcuniversity  2 года назад

      @@databrainery9676 - There are three different address fields on the Certificate of Formation: Registered Agent address, Governing Authority (owners/managers), and Organizer's address. Which one are you referring to?
      More info on what's what here:
      www.llcuniversity.com/texas-llc/registered-agent/
      www.llcuniversity.com/llc-organizer-vs-member/

    • @databrainery9676
      @databrainery9676 2 года назад

      @@llcuniversity Looking to creating LLC for non US resident, and Creating LLC for amazon account , Amazon needs Business address,
      and What do you suggest , does one have to put in Governing Authority (owners/managers), and Organizer's address , same as that of register agent or address out side of USA.
      Thanks

    • @llcuniversity
      @llcuniversity  2 года назад

      @@databrainery9676 - We're not sure exactly what Amazon needs, so unfortunately, can't answer that. You can try reaching out to Doola for help. They specialize in non-US resident LLCs: www.llcuniversity.com/go/doola/

  • @thesweetscience5361
    @thesweetscience5361 4 года назад

    Great information. I have a question. I want to invest in real estate in Texas. I have a Nevada LLC which is the state I reside. Can I purchase Texas real estate with my Nevada LLC or do I need to form a Texas LLC?

    • @llcuniversity
      @llcuniversity  4 года назад +1

      You're very welcome. While yes, you can purchase Texas real estate with your Nevada LLC, you'll be required to register your Nevada LLC as a foreign LLC (www.llcuniversity.com/what-is-a-foreign-llc/) in Texas. You could also consider forming a new LLC if the existing LLC already owns property or has business activities (to separate liability). Hope that helps.

    • @thesweetscience5361
      @thesweetscience5361 4 года назад

      @@llcuniversity thanks so much. I'll be checking out your other videos.

    • @llcuniversity
      @llcuniversity  4 года назад +1

      @@thesweetscience5361 - You're very welcome :) Feel free to use the search feature on our website too. We have more information on the website than on RUclips.

  • @davidmorin3180
    @davidmorin3180 3 года назад

    So if I were to send this form through the mail, do I send a money order for the filing fee or is there somewhere online where I am able to pay?

    • @llcuniversity
      @llcuniversity  3 года назад

      Hi David, if you submit the form by mail, you'd pay with a check or money order. You can also file online and pay online too. Those instructions are here: www.llcuniversity.com/texas-llc/forms/

  • @mzholliwud
    @mzholliwud 5 лет назад +1

    Thank you so much.. this was very helpful

  • @thinhle8472
    @thinhle8472 8 лет назад

    The form I found is 313_boc.pdf that is series llc

    • @llcuniversity
      @llcuniversity  8 лет назад

      If you want to form a Domestic Texas Series LLC, Form 313 is incorrect. That is for the registration of a Foreign Series LLC. We don't have video on Series LLCs due to their complex nature, and gray tax obligations. We actually recommend hiring a lawyer for Series. Further, Texas does not provide a standardized form for TX Domestic Series LLCs. Instead, you must submit your own Certificate of Formation, or use their existing Certificate of Formation (Form 205), and in the "Supplemental Provisions/Information" section, add your own language which meets the Series LLC statutory requirements of Section 101.602(a)(1)-(2). Link here: www.statutes.legis.state.tx.us/Docs/BO/htm/BO.101.htm#101.602. Again, Series LLCs not only require a custom Certificate of Formation, but also a custom Operating Agreement. We don't recommend you do this yourself. What is the reason you want to form a Series? I'd way the pros and cons of a Series vs. Multiple LLCs with both an accountant and a lawyer.

    • @thinhle8472
      @thinhle8472 8 лет назад

      205 is correct form.
      I have same business. I just need to add another unit time to time to the same operation type. I thought this will work perfectly for series LLC (once it setup). While Multiple LLCs you have to come up with new LLC name every time with same process as you show.
      Tax obligation is always complicated.
      Thanks!

    • @llcuniversity
      @llcuniversity  8 лет назад

      Hey Thinh, glad I was able to help you avoid filing the wrong form ;) I hear you on the multiple names part. I plan to have series LLCs stuff in the future, but apologies we couldn't help you further right now. Best wishes with the business :)

  • @WeeFeeThePom
    @WeeFeeThePom 7 месяцев назад

    Can I use a po box for my personal address?

    • @llcuniversity
      @llcuniversity  6 месяцев назад

      It depends on which address field you're talking about on the Certificate of Formation. We have them all explained here: www.llcuniversity.com/texas-llc/forms/

  • @JonathanBartlesSWBGaming
    @JonathanBartlesSWBGaming 6 лет назад

    Quick question that I tried to post on your site. Do you have to file an application for name reservation? I've verified the name I want to use is available.

    • @llcuniversity
      @llcuniversity  6 лет назад

      Hey Jonathan, nope. Not required. You can call the state or do a name search to check clearance and then just file the Certificate of Formation. We have more details here: www.llcuniversity.com/texas-llc/search/

  • @benbayless4580
    @benbayless4580 6 лет назад

    Great info. I was wondering if you have any information on reinstating a Texas LLC. I think I have the gist of it but feel like I;m missing something. Any ideas would be appreciated....thanks.

    • @llcuniversity
      @llcuniversity  6 лет назад

      Hey Ben, we don't have into on Texas LLC reinstatement at this time, but this guide may help: www.northwestregisteredagent.com/reinstate-revive-texas-llc.html. I also recommend calling the Corporation Section to double-check on the forms, steps, and fees. Cheers!

  • @57usa
    @57usa 5 лет назад

    THANK YOU MAN... REALLY HELPFUL

  • @Jahleesa400
    @Jahleesa400 5 лет назад

    What if you don’t have a business address? The business in question is a vending machine business, would I put my apartment? I send my mail to the ups store out of convenience

    • @llcuniversity
      @llcuniversity  5 лет назад

      Hi Jahlessa, it doesn't have to be a business address. It can be a home address, your mailbox address, or the address of your Commercial Registered Agent. We have more details on all that here: www.llcuniversity.com/texas-llc/forms/. Hope that helps.

  • @kaydenise237
    @kaydenise237 3 года назад

    Hello I have a question to ask. I was wondering if you could explain more of what section 4 is for and how come you left it blank?

    • @llcuniversity
      @llcuniversity  3 года назад

      Hi Karen, Supplemental Provisions/Information is if you wanted to add extra "rules" as a part of your LLC filing. This is not commonly used. And even if you did want to have special rules, you'd want that in your Operating Agreement... so you can change them later for free... instead of having to file an amendment (and pay money) to amend the Certificate of Formation with the state.

    • @kaydenise237
      @kaydenise237 3 года назад

      @@llcuniversity so it's explaining what all we'll be doing in our business basically?

    • @llcuniversity
      @llcuniversity  3 года назад

      @@kaydenise237 - No, not that. You don't need to document that there. An LLC can be used for any and all lawful purposes. You'd want to leave section 4 blank.

    • @kaydenise237
      @kaydenise237 3 года назад

      @@llcuniversity ok I understand now thank you

    • @llcuniversity
      @llcuniversity  3 года назад

      @@kaydenise237 You're welcome Karen :)

  • @kwumbongpearl2873
    @kwumbongpearl2873 3 года назад

    Can I use myself and my address as the registered agent??

    • @llcuniversity
      @llcuniversity  3 года назад

      Yes, you can be your own Registered Agent in Texas. We have more info here: www.llcuniversity.com/can-i-be-my-own-registered-agent-in-texas/

  • @mzcarmel04
    @mzcarmel04 4 года назад

    If the registered agent address changes, what do you have to do to update that??

    • @llcuniversity
      @llcuniversity  4 года назад

      Hi Shanika, if you have an SOS Direct account, you can change the Registered Agent's address online. Alternatively, you can file by mail and send the form to the Texas Secretary of State with a check or money order.
      To just change the Registered Agent's address, it's Form 408 (Change by Registered Agent to Name or Address): www.sos.state.tx.us/corp/forms/408_boc.pdf.
      To change the Registered Agent entirely, it's Form 401 (Change of Registered Agent/Office): www.sos.state.tx.us/corp/forms/401_boc.pdf
      Hope that helps :-)

  • @userx6561
    @userx6561 4 года назад

    Hi, for the governing person's address should I use my personal address, my p.o. box, or the business' address? I want to be compliant for loan applications but I am not sure which address to put for the governing authority or organizer.

    • @llcuniversity
      @llcuniversity  4 года назад

      Hi Khalil, the state will accept any type of address for the Governing Person, however, you may want to double check with the financial institutions to see if they have anything in particular they are looking for.

  • @kelc
    @kelc 6 лет назад

    This was super helpful! So if I create and LLC in the month of June, can I include all business expenses/losses for the entire year for tax purposes? Or will the business items take effect only AFTER approval is received from the state?

    • @llcuniversity
      @llcuniversity  6 лет назад

      Hi Kel, you can file part of the year as a Sole Proprietorship and part of the year as the LLC. It'll likely be two Schedule Cs, however, make sure you speak with an accountant about it.

  • @motivisionwithmuzammil
    @motivisionwithmuzammil 3 года назад

    Hi,will the filling/formation procedure(as you told in video) same for US non resident for LLC ?
    2nd question,will a non US resident file annual tax return on behalf of LLC even if hez getting revenue in his native country directly...???

    • @llcuniversity
      @llcuniversity  3 года назад

      Hi Muzammil, yes the process is the same. You can also file online. We have instructions here: www.llcuniversity.com/texas-llc/forms/
      Here are pages we have for non-US residents:
      www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/
      www.llcuniversity.com/foreigners/open-us-bank-account-llc-non-resident/
      www.llcuniversity.com/irs/form-5472-foreign-owned-llc/
      You'll need to speak with an accountant (who works with non-US residents) regarding the tax details. It's not something we cover. Thank you for your understanding.

  • @rohanengineer1031
    @rohanengineer1031 4 года назад

    What do you do if you made the nonprofit
    , but you are not old enough to legally be the organizer

    • @llcuniversity
      @llcuniversity  4 года назад

      Hi Rohan, I'm not sure what you mean by "made the nonprofit"? This video is about a Texas Limited Liability Company.

  • @YuggyAdventures
    @YuggyAdventures 2 года назад

    Thank you! so helpful

  • @destinywisniewski549
    @destinywisniewski549 3 года назад

    Thank you for your video! I do have a question though. If my brother and I are forming an llc together which form should we fill out? Thanks in advance.

    • @llcuniversity
      @llcuniversity  3 года назад

      Hi Destiny, regardless of how many Members there are in the Texas LLC, the form is the same. It's the Certificate of Formation. It can be filed online or by mail. We have instructions here: www.llcuniversity.com/texas-llc/forms/

  • @LuisRuiz1
    @LuisRuiz1 4 года назад

    Thank you for the information and the video. I have a question that I hope you can help me with in regards to my LLC.
    I filled the business this October and received the Certificate of Formation and everything by the State Secretary but I actually messed up and put restaurant on my business because I thought you needed to mention the type of business it would be on the name just like LLC. I recently found out that this is not necessary to be part of mine apart from LLC. I'm reading on the Texas SOS website and all I found was a way to file a "Correction" and the other an "Amendment" but the amendement is $150 vs the correction is $15, what can I do in this situation? Please help. Thank you in advance.

    • @llcuniversity
      @llcuniversity  4 года назад

      Hi Luis, you're very welcome! Because the LLC was recently formed, you should file a Certificate of Correction first. If the examiner believes it was a "mistake" (they are usually pretty friendly about it since it was recent), they'll make the change for you. If for some reason the Certificate of Correction is rejected, you'll need to file a Certificate of Amendment. Hope that helps!

  • @sudahjo
    @sudahjo 7 лет назад

    does one have to file a dba, if you already have an llc in Texas?

    • @llcuniversity
      @llcuniversity  7 лет назад

      Hi Joseph, you only need to file a DBA if you wish to do business under a name other than your LLC name. If you, you will just do business under the name of the LLC. Hope that helps.

  • @josesanchez610
    @josesanchez610 4 года назад

    I have formed my LLC with an organizer that no longer works with me. How do I change the organizer and what would you recommend?

    • @llcuniversity
      @llcuniversity  4 года назад

      Hi Jose, the Organizer is a one-time thing. It can't be changed. It's not required, but having that person sign a Statement of LLC Organizer (www.llcuniversity.com/statement-of-llc-organizer/) may be helpful going forward.

  • @isaiaguilar6
    @isaiaguilar6 2 года назад

    Where is it that I need to send this ?

    • @llcuniversity
      @llcuniversity  2 года назад

      Hi Isai, we have mailing instructions on this page:
      www.llcuniversity.com/texas-llc/forms/
      Please look for "How to form a Texas LLC by mail"

  • @erickespinoza9155
    @erickespinoza9155 5 лет назад

    Hi, I filled out the formation documents and sent out the documents last Thursday dose it take more than 5-7 business days to get the formation documents back from the Secretary of State with the Certificate of Formation stamp of approval?

    • @llcuniversity
      @llcuniversity  5 лет назад

      Sometimes it can take a bit longer. I'd just wait a few more days. You're likely to get them this coming week. If they don't arrive, you can call the Secretary of State and make sure they sent them to the right address. Or to see if there are any delays. Hope that helps.

    • @erickespinoza9155
      @erickespinoza9155 5 лет назад

      LLC University thank you for the information and I’ll wait for this week for the documents back this week if I will call the Secretary of State.

    • @llcuniversity
      @llcuniversity  5 лет назад

      @@erickespinoza9155 - You're welcome Erick!

  • @iceliadias
    @iceliadias Год назад

    Hey, loved the tutorial. I have a question. It is giving me an error in my uploading the file. it says " corp_master_file_layout document" what does that mean and how do I solve that? Thank you.

    • @llcuniversity
      @llcuniversity  Год назад

      Thanks Celia! I'm not sure what that error is actually. Feel free to try again and reference our instructions here: www.llcuniversity.com/texas-llc/forms/
      If you still have issues, I recommend calling the Secretary of State next week about it. Hope that helps.

  • @alejandragomez4336
    @alejandragomez4336 4 года назад

    Hey I created a llc a while back and I created for a insurance business but now I am decided to use it for a income tax business. Do you think I would have to create a new one ? Thanks

    • @llcuniversity
      @llcuniversity  4 года назад

      Hi Alejandra, what type of insurance? Is your business/LLC authorized by the Texas Department of Insurance? Are you personally licensed? If so, what type of state license do you hold?

    • @alejandragomez4336
      @alejandragomez4336 4 года назад

      LLC University
      Thanks for your response and yes I have a p and c license to to sell auto and home insurance only .

    • @llcuniversity
      @llcuniversity  4 года назад

      Okay, that's helpful to know. Was your prior LLC registered with the Department of Insurance? And do you, or any other LLC Members, hold a CPA license in the state?

    • @alejandragomez4336
      @alejandragomez4336 4 года назад

      LLC University and no it was not registered with the state and no CPA

    • @llcuniversity
      @llcuniversity  4 года назад

      Okay, thanks. It sounds like you can use the same LLC since LLCs formed in Texas can engage in any lawful activities (unless your Certificate of Formation or Operating Agreement expressly states otherwise... but that is less common) and because your new LLC does not have Members which hold state licensure for the activities being offered (aka licensed CPAs, accountants, etc. providing tax services). Hope that helps.

  • @texwan
    @texwan 4 года назад

    So clear. Thank you.

  • @oliverose4772
    @oliverose4772 6 лет назад

    Awesome video, I have a question, I filed for my LLC before I saw your video and on my certificate of formation on manager 2 I put the name of my business. Will I need to redo my LLC?

    • @llcuniversity
      @llcuniversity  6 лет назад

      Thanks Lydia! Your LLC cannot be it's own Registered Agent, so you're filing will be rejected. Wait for the state to send you back correspondence with instructions on how to correct. We have info on the 3 options for who can be your LLC's Registered Agent in Texas here: www.llcuniversity.com/texas-llc/registered-agent/. Hope that helps!

  • @Rnp2Ceo
    @Rnp2Ceo 3 года назад

    If I had legal zoom file my Buisness name do I. Still need to complete both documents?

    • @llcuniversity
      @llcuniversity  3 года назад

      Hi Nina, what do you mean by business name? Was that a Fictitious Name (aka DBA) for you? If so, that's a Sole Proprietorship business. These forms are for forming an LLC.
      I think these two pages will make things more clear:
      www.llcuniversity.com/llc-vs-sole-proprietorship-vs-corporation/
      www.llcuniversity.com/dba/do-i-need-to-file-a-dba/

  • @berry186
    @berry186 8 лет назад +2

    Thank you for this very helpful.

  • @featherwind1818
    @featherwind1818 6 лет назад

    Thank you ! It helped me a lot . Now my questions are ,
    1, do I need northwest registered agency to sign a consent to be my registered agent ? I paid them to file for me and they did . I have received the document back from SOS. Northwest didn’t give me a signed consent . So I have to ask for it ?
    2) do I need to pay 30$ to request a certificate of articles ( like Florida state , I have watched you talking about requesting a certificate with 30$, why Texas don’t need to ?) thank you very much

    • @llcuniversity
      @llcuniversity  6 лет назад

      Hi Feather, I'd shoot them an email and ask for a copy. Keep with your records if ever needed. You don't need a certified copy of your Articles of Organization (in TX or FL). It's just in our FL videos since it's a checkbox (optional) in the FL Articles of Organization. That's why we mentioned it. They are rarely needed for most people.

  • @terrancerichardson2598
    @terrancerichardson2598 7 лет назад

    Great vid.. Just to confirm here. In section Article 1, we will put our name as LLC correct? Not just the name we want to use? Im asking because; technically, its not an LLC yet. So, making sure it's okay to say LLC....

    • @terrancerichardson2598
      @terrancerichardson2598 7 лет назад

      Lol disregard that question. I just notice on the application it said do so.. Great video though.

    • @llcuniversity
      @llcuniversity  7 лет назад

      Hi Terrance, happy to hear you figured it out. If you need anything else, just let us know :)

    • @terrancerichardson2598
      @terrancerichardson2598 7 лет назад

      Okay, Thanks sir..

    • @llcuniversity
      @llcuniversity  7 лет назад

      You are welcome Terrance :)

  • @iam_ChrisJHarris
    @iam_ChrisJHarris 5 лет назад

    Where should I put my business address on this document?

    • @llcuniversity
      @llcuniversity  5 лет назад

      Hey man, check out website out. We have far more step-by-step instructions: www.llcuniversity.com/texas-llc/. Hope that helps.

  • @spapoutsakisdhs
    @spapoutsakisdhs 5 лет назад

    If I am the registered agent for my LLC, do I also put my name down as a governing authority? Or would I just put my partners name there as a member?

    • @llcuniversity
      @llcuniversity  5 лет назад

      The Registered Agent just goes in the Registered Agent section of the TX Certificate of Formation. The Governing Authority will list either the Member(s) if the LLC is Member-managed or the Manager(s) if the LLC is Manager-managed. We have more info on LLC management here: www.llcuniversity.com/member-managed-llc-or-manager-managed-llc/. Instructions on the TX Certificate of Formation are here: www.llcuniversity.com/texas-llc/forms/. Hope that helps.

    • @spapoutsakisdhs
      @spapoutsakisdhs 5 лет назад

      I understand, I just want to make sure I fill it out correctly, the business will consist of me and my partner that is all...My Plan was to put myself as the registered agent and both of us as members, is that ok?

    • @llcuniversity
      @llcuniversity  5 лет назад

      @@spapoutsakisdhs - Yes, that sounds correct based on what you've shared. You are the Registered Agent for the LLC (there is just one). And you and your partner are the Members, so you would both be listed in the Governing Authority section. Hope that helps!

    • @spapoutsakisdhs
      @spapoutsakisdhs 5 лет назад

      LLC University yes very much, I do have 1 more question, can my address for registered agent differ from my address for governing authority? I put the business address for registered agent (Normal business hour purposes) and my residential address for governing authority is that ok?

    • @llcuniversity
      @llcuniversity  5 лет назад +1

      @@spapoutsakisdhs - Hi Steven, you're correct, those addresses don't have to match. The Registered Agent address must be a Texas address. The Governing Authority address(es) can be in Texas or in any state. Hope that helps.

  • @sergiozepeda8459
    @sergiozepeda8459 6 лет назад

    Matt,
    I'm a Disabled Veteran, I want to file as a single member (100% Veteran Owned) and the requirement is that to be a "veteran owned" company it has to be 100% owned by veterans. I have an investor who is a non-veteran and the idea is for him to receive a portion of the profits without ownership. Should I list him as a manger instead of a member on my Certificate of Formation LLC Form (Form 205)? Will this affect me at all as far as the requirement is concerned? I haven't found anything that relates to this scenario...Thanks!

    • @llcuniversity
      @llcuniversity  6 лет назад

      Hi Sergio, I wouldn't list him has Manager, since this gives him authority over the business. Might want to run this by an attorney, but I'd consider a loan agreement between this person and your LLC. The rate/percentage you pay them back is based on profits. It's simpler, but I believe it still accomplishes what you're looking to do. Hope that helps.

    • @sergiozepeda8459
      @sergiozepeda8459 6 лет назад

      Thanks for clearing that up!

    • @llcuniversity
      @llcuniversity  6 лет назад

      You're welcome Sergio.

  • @kylewebson4985
    @kylewebson4985 4 года назад

    Can form 205 still be submitted with one member living in Tx and another member living in an outside state?

    • @llcuniversity
      @llcuniversity  4 года назад

      Hi Kyle, yes, that's certainly okay. The Members can be located in any state or in any country. The only address which must be a Texas address is the Registered Agent address. More info on that part here if helpful: www.llcuniversity.com/texas-llc/registered-agent/. Hope that helps.

  • @pavelivanenko1106
    @pavelivanenko1106 8 лет назад

    Very simple and great video! Thank you!

    • @llcuniversity
      @llcuniversity  8 лет назад

      Thanks Pavel! Our goal is make the "mumbo jumbo" simple, easy to understand, and actionable :) Did you file your TX LLC yet? Make sure to check out the course on our website. It includes the Operating Agreement and EIN instructions. Let me know if you need anything else.

  • @Izeman51
    @Izeman51 7 лет назад

    Thank you for the video!! Can this be completed online. If yes where? I am trying to avoid secondary fees from websites that charge to complete the forms for you

    • @Izeman51
      @Izeman51 7 лет назад

      Also, for the “organizer section”. Does an organizer mean he or she is the person in charge cuz for instance I am the one doing the paperwork but I hold less % ownership in the company. So should I list myself or the person that holds most of the ownership for “organizer”?

    • @llcuniversity
      @llcuniversity  7 лет назад

      Hi Izaak, yes, you can file your Texas LLC online with the Corporations Section. It's called SOS Direct. Here's the link: direct.sos.state.tx.us/acct/acct-login.asp. Click the link at the bottom ("request for SOSDirect Account") to create an account. You have to enter your credit card before getting to the filing. It's kind of a weird user-experience. But don't worry, they will not change your card unless you actually complete the online LLC filing. Also, you can follow the instructions we've placed on the LLC University website: www.llcuniversity.com/texas-llc/

    • @llcuniversity
      @llcuniversity  7 лет назад

      The Organizer may (or may not) be a Member. The Organizer is simply the person or company who has filed the Certificate of Formation with the Texas Corporations Section. We've broken this down and explained it further here: www.llcuniversity.com/llc-organizer-vs-member/

    • @micahiguana998
      @micahiguana998 6 лет назад

      Izaak Ruiz p

  • @amythomps1
    @amythomps1 6 лет назад

    In Article 3 with "B" checked - What if I have 4 "Governing Person"s? Can I print an additional page 5 to send in with the 4th person listed there?

    • @llcuniversity
      @llcuniversity  6 лет назад

      Hi Amy, great question. Yes, you can type it up on a 2nd sheet of paper and in the "Supplemental Provisions/Information" write "See Attached". Hope that helps!

  • @kittens6515
    @kittens6515 5 лет назад

    Hey, Is there any way you can change the address in Texas online, or it is just the 401 form?
    Kind regards

    • @llcuniversity
      @llcuniversity  5 лет назад

      Hi Natrya, yes, you can file a change of Registered Agent/Office online via SOS Direct. You'll enter your file number, click "File Document", then select change of Registered Agent. Hope that helps!

  • @JORGINHODONASCIMENTO
    @JORGINHODONASCIMENTO 5 лет назад

    Hello there, I just explored the LLC website but couldn't find a way to get in touch with you, I have a couple of questions, please get back at me at your earliest convenience. Thanks

    • @llcuniversity
      @llcuniversity  5 лет назад

      Hi Jorginho, we currently don't have enough staff to answer all questions at this time, however, if you'd like to a leave a question here, you can. Thanks.

  • @RAREREMNANT
    @RAREREMNANT 7 лет назад

    Do I have to file right away who the manager is when forming my LLC? Can I just list the members and then file a separate document called an "operating agreement" and list the manager there so that I can avoid having the manager of the LLC show publicly

    • @llcuniversity
      @llcuniversity  7 лет назад

      Check out the Certificate of Formation: www.sos.state.tx.us/corp/forms/205_boc.pdf. See instructions for Article 3. You must state whether or not your LLC is member-managed or manager-managed (www.llcuniversity.com/member-managed-llc-or-manager-managed-llc/), and you'll need to list the Governing Person(s). So you can't do what you were hoping.

  • @TheThinkingTable
    @TheThinkingTable 5 лет назад

    Awesome information. Thank you.

  • @adriangonzalez6446
    @adriangonzalez6446 7 лет назад

    So what if your a single member but have someone your gona have manage the company would you list that persons name even tho that person will not be a member? Thankyou for all the info

    • @llcuniversity
      @llcuniversity  7 лет назад

      Hi Adrian, yes, in Article 3 of the Certificate of Formation, you'd check off A ("The limited liability company will have managers"), then list the Manager's info in the "Governing Person 1" box. You would not list yourself as a Governing Person since you are not the manager (but you are still the owner/member, as dictated in your Operating Agreement). Hope that helps.

    • @adriangonzalez6446
      @adriangonzalez6446 7 лет назад

      LLC University you have no idea how much that actually did help me, ive been searching all over the net tryin to find the answere to that question and nothing. You have been a big help in me setting up and getting together what i need to form my llc thank you for sharing your knowledge with the rest of us!

    • @llcuniversity
      @llcuniversity  7 лет назад +1

      Awesome to hear man! Glad I help you get to the bottom of it. Best wishes with the business Adrian!

  • @muhammadhussam2718
    @muhammadhussam2718 2 года назад

    For signature,
    1- If i file formation of LLC online, than how I am gona make the signature?
    2- Signature should match my any identity document? or Can I change and do different signature for my LLC?

    • @llcuniversity
      @llcuniversity  2 года назад

      Hi Muhammad, it's an e-signature. You'll electronically sign your complete name. We have more details on our instructions page: www.llcuniversity.com/texas-llc/forms/

    • @muhammadhussam2718
      @muhammadhussam2718 2 года назад

      @@llcuniversity any video on how to complete / submit application for sales permit / salea tax id for texas? Setp by step?

    • @llcuniversity
      @llcuniversity  2 года назад

      @@muhammadhussam2718 - Hi Muhammad, at this time, we don't cover sales tax permits.

  • @justinchavez286
    @justinchavez286 7 лет назад

    Is there an age restriction for one to create an llc?

    • @llcuniversity
      @llcuniversity  7 лет назад

      Hi Justin, nope, there are no age restrictions for Texas LLCs! Hope that helps.

    • @justinchavez286
      @justinchavez286 7 лет назад

      I researched and it says I can not sign any form in the form 205

    • @llcuniversity
      @llcuniversity  7 лет назад

      Hi Justin, what do you mean by "I can not sign any form in the form..."? Can you send the link you're referring to? See #5 here: www.sos.state.tx.us/corp/formationfaqs.shtml

  • @wwsstee
    @wwsstee 3 года назад

    thank you so much, very useful..

  • @KingzleyATM
    @KingzleyATM 6 лет назад

    I have a question, For the 'Governing person' & 'Organizer section', it will be me. Do I have to list my personal mailing address on those fields?. Can I use the mailing address i have set up for this new llc for those fields? Or is it mandatory for it to be my home address.

    • @llcuniversity
      @llcuniversity  6 лет назад

      Hey Kingzley, good question. The address doesn't have to be a home address. It can any address you'd like. In fact, this is what the state says on the form instructions: "Please note that a document on file with the secretary of state is a public record that is subject to public access and disclosure. When providing address information for a manager or member, use a business or post office box address rather than a residence address if privacy concerns are an issue." We have more info on privacy on this page: www.llcuniversity.com/texas-llc/registered-agent/. Hope that helps.

  • @DailylifeUSAAlaa
    @DailylifeUSAAlaa 6 лет назад

    how can i sign the form please ?
    and can i apply online instead of mailing it ?

    • @llcuniversity
      @llcuniversity  6 лет назад

      What do you mean by "how can I sign"? You would need to complete the form, print it out, sign it, then mail to the state. Yes, a Texas LLC can be filed online via SOS Direct. direct.sos.state.tx.us/acct/acct-login.asp. Click the "request for SOSDirect Account" to get started. You'll need to enter a credit card to get started, but don't worry, they don't charge you until the end of the process.

  • @robertwilson2065
    @robertwilson2065 Год назад

    Where can I get the form

    • @llcuniversity
      @llcuniversity  Год назад

      You can download it on this page... or you can file the LLC online: llcuniversity.com/texas-llc/forms/

  • @gersomadu8100
    @gersomadu8100 5 лет назад

    I used my home address for my LLC, can I use the same address for the "registered agent address?"

    • @llcuniversity
      @llcuniversity  5 лет назад +1

      Hi Gersom, yes, you can be your LLC's Registered Agent in Texas.

  • @Iamsimplyfree
    @Iamsimplyfree 7 лет назад

    Easy instructions, great video!

    • @llcuniversity
      @llcuniversity  7 лет назад +1

      Thanks Christina, glad it was helpful!