LLC costs in Texas!!!! geeeeeeeeez

AustinAustin Posts: 4subscriber
edited June 2007 in Selecting a Business
This is one of my first posts, so I`ll introduce myself.
I`m a 19 year old college student at the University of Texas! Hook `em! And I just had a question about the $300 state fee in Texas for LLCs. Other states are as low as $50. Is it possible to set up an LLC in, say Louisiana, but live and operate in another? My main business will be coming from Texas to start off, but it is solely an online service, so location really is not that much of an issue. Any advice? Thanks!Austin2007-6-5 17:3:16

Comments

  • NuevolutionNuevolution Posts: 30subscriber Bronze Level Member
    As BrandAlchemy said,
    You can incorporate in any state you wish, but there`s some draw back when you do that. You won`t be saving money at all.
    Here is why: If you incorporate in Delaware, and you live in Texas, Im assuming you will be doing business in Texas.
    The minute you do business in Texas, you have to register your
    corporation with the state of Texas, and have to pay the 300.00
    (foreign corporation fees).. and you would have to pay the Delaware
    fees also. So I don`t see why go through the hassle...
    It`s too much paperwork.. MY suggestion is Incorporate in Texas... Texas is Cheap. $300.00? try California $800.00 a year...
  • AustinAustin Posts: 4subscriber
    Thanks for the replies!
    Still have one more question... Nuevolution, my service is going to be distributed online, but the actual physical filming must be done in Texas. So, if I have employees filming in Texas, is that considered "doing business" in Texas, or not?
  • NuevolutionNuevolution Posts: 30subscriber Bronze Level Member
    Yes it is... The minute you acquire a customer in Texas or hire in
    Texas you are doing business in the state of Texas. My suggestion to
    you is: $300.00 a year is not alot if you look at the big picture.
    Having to pay two states to is more tedious than paying one. Not only
    that but its a headache. I wanted to Incorporate in Nevada, but... If I
    have to pay the $250.00 incorporation fees, and then the $800.00 in
    California, I don`t see the benefit.
    Id rather pay the $800.00 and save myself the $250.00.

    Plus, there are other things you have to look at: You have to have a
    physical address in the state that you incorporate, there are ways to
    work around that by having a virtual office, but then again.. that
    means you dish out more cash to have a virtual office. I don`t see the
    savings...


  • cellsitecellsite Posts: 2subscriber
    I know of a few websites that can create it for you. Here in Michigan, there is a $25 fee to get an assumed name (for an LLC). I paid $350 to form the articles of incorporation. I would say spend anywhere from $250-$500 for it. That way you have it done right. Last thing you want is Uncle Sam to find that something wasn`t done right and he comes and visits ya! ;`)
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