The Texas Articles of Organization is a formal legal document used to establish an LLC. It helps to create rights, powers, and duties for members. The articles of organization are filed with the Secretary of State's office in Texas and are required before you can begin operating your business. In this article, we look at what Texas LLC articles of organization are, the information that needs to be included, and the differences between articles of organization and articles of incorporation along with associated costs and how to file them.
What are articles of organization?
Articles of organization Texas based are part of a formal legal document used to establish a limited liability company (LLC) at the state level. They are generally filed with the secretary of state's office, who will then issue an official filing receipt that must be kept on file by all members of the LLC. Articles of organization are the first step in forming a corporation. They are also known as articles of incorporation or certificates of incorporation. Articles of organization are filed with the secretary of state in each state where you want to do business, and they must meet specific requirements in each area.
They help to establish for each member:
What is the purpose of the articles of organization?
The articles of organization are a document that must be filed with the state to form an LLC. They serve as a written record of the formation of your company and its management structure. The articles of the organization also have another purpose: they allow the state to have a written document they can keep on file so that if there is ever any question about who owns the LLC or how it works, they have all of the information right there in front of them.
The purpose of the articles of organization is to set forth the business's purpose, and form of business licensing and delegate duties and liabilities among members. The article of the organization is a document that establishes the legal existence of a corporation in Texas. It must be filed with the Secretary of State's office to be valid. The articles will include the name of your corporation, its purpose, type of business entity (such as LLC), and any other information required by law.
Information that needs to be included
in articles of organization for Texas
Here are a few details that have to be included within the articles of organization for Texas:
Name of company
The name of the company must be included in the articles of organization. The name of your company must be unique, so it cannot be confused with any other business in existence. You must also make sure that no one else has already registered that name as an assumed name or fictitious name with the Secretary of State's office in Texas.
The duration of your company will depend on whether or not you choose to have perpetual existence (never expires) or limited existence (expires after a set number of years). If you choose perpetual existence, then you must include an expiration date; otherwise, there will be no expiration date included in your articles of organization.
Place of business
The place of business is also included as the address of the LLC. The reason this information is included in the articles of organization is that it helps establish your company as a legal entity, which means that if something happens to you or one of your employees, they can't be held personally liable for any debts or liabilities incurred by their actions while working for the company.
Name and address of registered agent
The name and address of the registered agent also need to be included. The registered agent is an individual or company that will be responsible for receiving legal notices on behalf of the corporation and providing those notices to its management team.
Names and addresses of all members, managers, and directors
It contains information about the company's name, address, and purposes; its members, directors, and managers; and any other information required by law. In addition to providing basic information about your business, it also serves as proof that you have complied with all state requirements for forming a corporation or LLC in Texas.
Statement of purpose
It should contain a statement of purpose, which is a brief description of what you plan to do with your company. The statement should be written in a way that's clear and concise, but also detailed enough so that future investors or business partners can understand what you're trying to accomplish.
What is the difference between
articles of organization and articles of incorporation?
Articles of organization and articles of incorporation are two different types of documents that help you start a business. Articles of organization are for limited liability companies or LLCs. The difference between these two documents is that one is used to create a new entity, while the other is used to establish an already existing corporation or LLC. The type of business classification will determine which type of document you need to file with the state government.
Cost of filing articles of organization in Texas
In Texas, the cost to file a certificate of formation is $300. If you need a copy of the certificate of formation, that will cost $30. A certificate of status is $5, and if you wish to reserve a name for your LLC for a period of 120 days before registering, you may file an Application for Reservation or Renewal of Reservation of an Entity Name (Form 501), and pay a $40 fee
How to file articles of organization in Texas
Here are a few steps to file articles of organization in Texas:
1. Visit the secretary of state website
If you're starting a business in Texas, you'll need to file articles of organization with the secretary of state. To get started, visit the secretary of state website and find specific instructions for your state, whether you can do it online and how much it costs to file.
2. Gather all your information
The first step in filing articles of organization in Texas is gathering all of your information. You'll need to know the name of your LLC, its address, and the name and address of your registered agent. This helps to speed up the process of submitting the documents.
3. Answer all questions and submit form
Make sure that all the information about your LLC members is ready. You'll need their names and addresses. Next, fill out the form online or print it out and mail it in with payment. Once your filing has been accepted by the Secretary's office, they'll send back a certificate showing that your LLC is legally registered
Reasons articles of organization may be rejected
The Texas Secretary of State's office will reject your articles of organization if they are not accompanied by the proper fee and properly executed. The required fee must be included with your application to form a corporation, LLC, or limited partnership. If it is not, your articles will be rejected by the Secretary of State. In addition, all legal formalities must be met before your articles can be accepted by the Secretary of State's office. This includes having all the necessary information on documents.
How a lawyer can help submit articles of organization
If you are not familiar with how to complete these documents, or if you would like assistance from someone who has experience in this area, then it may be wise to hire an attorney who specializes in helping businesses get started. A lawyer can help draft the documents for submission and make sure that everything is completed properly so that you don't run into any problems down the road.