How To Register A Business In El Paso Texas – El Paso is the county seat of El Paso County in western Texas. It is the 23rd largest city in the United States and the 6th largest city in Texas. El Paso is ranked as one of the safest cities in the United States and is a five-time All-America City winner.
The city is an important public enterprise and the American Medical Center, the only medical research and treatment center in West Texas and Southern New Mexico.
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El Paso also has a strong military and federal agency presence, including Fort Bliss and the local division of the Drug Enforcement Administration.
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What should you name your LLC? You may believe the name, but there are important things to consider first. You will want to make sure it complies with state laws and is not too close to an existing trade name.
The rules for naming your business in El Paso, TX are very simple, according to Section 5.5056 of the Texas Business Code.
Texas regulations do not currently allow you to use the terms “limited” or “corporation” to identify an LLC.
Your LLC name must be unique and easily recognizable from other Texas businesses. You want to avoid confusing the public with the same name as another Texas business.
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Let’s say that you have your heart set on “El Paso Air Conditioner Repair, LLC”, but after searching you find another Texas corporation called “El Paso Air Conditioner Repair, Inc.”. The name is too similar, even “Inc”. This is a different type of company.
If you make a simple change to your name like “El Paso Air Conditioner Service, LLC” you should be fine.
Whatever name you choose should not confuse the public. This includes using another business name or choosing a name that confuses people and government bodies.
If your business name indicates that you are applying for any type of professional license, at least one of your members must have a valid license issued by the appropriate government agency.
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For example, if your business name is “El Paso Private Investigations, LLC,” you will need to have a valid Texas Private Investigator License.
Before submitting your application, please verify that your name is in Texas. You can look up names on the Texas SOS Direct website. There is a $1 fee for each search.
The state inspector tax agency search site offers a free and easier search method. no This site allows you to search various names and combinations of words to ensure that you do all the work at home.
After naming your business, it is also legal in Texas to file for business under a pseudonym or “DBA,” but more on that later in this article.
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What is a registration agent? A registered agent is a person or company that receives services to serve and process legal documents on behalf of your company.
Service of process is a legal term for a business letter or legal document. The agent is the gatekeeper between the State and the people.
Texas law requires you to name a registered agent and provide the details when you file your certificate of incorporation. The Texas rules for appointing and changing registered agents are found in Sections 5.200 through 5.208 of the Texas Business Organization Code.
Registered agents must also respond quickly in the event of a lawsuit so that your company does not miss deadlines, fines or penalties for non-compliance.
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For this reason, more experienced business owners hire companies to act as listing agents. This service costs between $100 and $150 per year. If you decide to use a law firm, you can pay up to $500 a year.
If you decide to start your own LLC using a startup, they often include the services of a registered agent in their package. Don’t forget to check out our Registered Agent Guide article for more information.
What is a certificate of creation? This document turns your business idea into a legal entity ready to hire and do business. Texas law states that completing a certificate of incorporation makes it official.
To file, you need the basic information listed in Section 3.005 of the Texas Business Organization Code:
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You can print and mail the completed creation certificate or submit it to the Secretary of State through the SOS upload system.
Average processing time is expected to be 5-7 business days for form mail and 4-5 via SOS hosting.
You can also request expedited service for $25 per document. To do this, you must submit a special cover letter requesting expedited access with a phone number you can reach during business hours.
To save time and avoid the hassle of LLC filing, all experienced business owners use LLC Creation Services. For guidance, see our article on the best LLC services.
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What is an operating agreement? An operating agreement is a contract between you and the other LLC members. It outlines the rules by which your company conducts business, keeping you prepared for everyday situations and protecting you from expectations.
Your operating agreement should list each member of the company and how they are expected to work. It can be as simple or complete as you want.
Although not required by Texas LLC law, we encourage you to consider one. Without an operating agreement, state law acts as a backdoor. Remember that state laws do not always apply to business owners.
When it comes to hiring, evictions, and the like, the operating agreement allows you to change the LLC rules to your expectations. They must be signed by all members and kept in a safe place.
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Best LLC Creation Services offers a sample settlement agreement for as little as $50 and we highly recommend it.
What is an EIN? An EIN is a tax identification number issued to businesses by the Internal Revenue Service. They have many functions, like social security numbers, but for businesses rather than individuals. They allow the IRS to track businesses that pay taxes.
We strongly recommend obtaining an EIN although it is not required. Many banks and online payment services require you to open an account.
Obtaining an EIN is easy and can be done in minutes on the IRS website. It can also be sent by post or fax.
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Some types of businesses require professional licenses, such as doctors, lawyers, and private investigators, to name a few.
Check with the Texas Department of Licensing and Regulation if you have questions about licensing requirements for your business.
In Texas, a server creation certificate is a statewide license or permit. No other documents are required.
El Paso requires a permit or license for a small part of the business. This list includes:
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To apply for one of these permits or for more information, visit the City of El Paso’s permits page.
Please note that your specific business may require more licenses or permits than the general business listed here. Please contact El Paso if you have any questions.
With a strong corporate and government presence, El Paso offers plenty of support for your small business. Here are just a few local El Paso organizations that can help:
Now that you have officially established and set up your El Paso, TX LLC, there are a few simple steps to follow. Follow along to complete the preparation and protection of your new business.
Most importantly, having an LLC will ensure that your personal assets are protected if your business is unable to pay its debts. Running your business through an LLC can also provide you with better tax treatment. In addition, LLCs have less complex and less demanding reporting requirements compared to other types of businesses, making them suitable for small businesses.
There is absolutely no need to create an LLC to start a business. Instead, you can do your own business. However, in that case, your personal property may be at risk if your business owes too much or loses a lawsuit.
It doesn’t cost much to set up an LLC for your business. In most states, you should pay less than $150 to register your new LLC with local state authorities. In some states, you may have to pay additional fees later, for example when you file an annual report or apply for a DBA.
The time it takes to get your LLC approved can vary greatly depending on the status of the filing method you use and whether you choose high-speed filing. In some states you can get your LLC approved in as little as a day, while in other states it can take weeks or months.
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If you want the fastest transition time, you should consider using file and pay online. For fast service, if applicable.
The IRS and most taxing authorities consider LLCs to be “pass-through” entities. This means that your LLC does not pay taxes directly (like a corporation). Instead, the tax burden is passed on to your LLC members.
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