SERVICES FOR YOUR TEXAS LLC
Every manager managed Texas LLC should enter into a written Management Agreement between the Texas LLC and its Manager(s). The Management Agreement should be completed in such a way so that it comports with your Operating Agreement thus it should:
*Prohibits the Manager(s) for competing against the Texas LLC during and after their employment with the company
*Prohibits the Manager(s) from soliciting the Company’s Employees to work somewhere else
*Prohibits the Manager(s), from soliciting the Company’s clients
*Prevents the Manager(s) from disclosing the Company’s important information;
*Explains the terms of employment of the Company’s Manager(s)
The cost of the Management Agreement is just $120.00, if ordered at the time of forming your Texas LLC
If you are out of state or country or just too busy we will be glad to help you acquire your occupational license to help you do business. The fee to do this is $195.00 plus any additional filing fees per county or city.
Medical Reimbursement Plan
Hire your spouse and get fully deductible health benefits for yourself. A Small business can fully tax-deduct health insurance and doctor’s bills for a spouse who is working and on the payroll. The owner spouse can get medical benefits not as an owner, but as a spouse of the employee-spouse. The business deduction is 100%- not the 70% as for the self-employed. The fee for this is only $60.00 dollars.
State Certified Minority/Women Business Enterprises (Historically Underutilized Business).
Minority/Women owned businesses receive first tier referrals which means they are the first businesses referred to state agencies seeking to include supplier diversity as a part of their purchase order and contract opportunities. We can complete the documents for your minority registration within 3-4 weeks for $700.00
DUNS Number and Central Contractor Registration
The benefits of having a DUNS number are that you may list the number in the Duns and Bradstreet database; after you are listed you may use the D&B as a credit reference; and you will be able to update your record anytime with D&B. We will acquire your DUNS number within 30 days for $135.00 you may start the above process Prospective vendors must be registered in CCR prior to the award of a contract: basic agreement, basic ordering agreement, or blanket purchase agreement, unless the award results from a solicitation issued on or before May 31, 1998. Prime contractors are not required to have their subcontractors register in CCR. If a prime subcontractor wants to bid directly for contracts with the DOD, they should register in the CCR, we can acquire the CCR registration within 2-3 weeks for $135.00 dollars.
1244 stock (TAX TIP
An owner is normally allowed to write off only a capital loss of $3,000 dollars. However, the issuance of 1244 stock (when the LLC is taxed as a corporation) provides the owner with a maximum ordinary loss of $50,000 (or $100,000 in the case of the husband and wife filing a joint return.) Take advantage of this special stock issuance plan complete with resolutions for only $50.00 dollars.
Living Trust (PROBATE PROTECTION)
If you are purchasing an LLC to hold Real Estate, we suggest purchasing a Living Trust to hold the LLC. This way the Trust will protect the LLC and the properties that it holds from going to probate. The fee for the Trust is $299.00.
Independent Contract Agreement (ASSET PROTECTION TIP) Special $55.00 with the purchase of an LLC.
If you would like to 1099 a worker as an independent contractor without the worry of the IRS coming after you because of the workers failure to do their own tax withholdings, having an executed Independent Contractors Agreement is a good beginning. Additionally, if vicarious liability (being sued because of a worker's negligent actions) is of a concern, again an executed Independent Contractors Agreement is the layer of protection your company needs. The cost for a standard independent contractors agreement is only $65.00 dollars at the time of incorporating.
Qualified Sub Chapter S Subsidiary LLC
However, if QSSS status is desired for a subsidiary, the parent must wholly own the subsidiary. This service provides asset protection and tax saving possibilities that are almost infinite, depending on how many subsidiaries there are. However, if the Subsidiary qualification is desired, one Sub Chapter S LLC must wholly own the other Sub Chapter S LLC. The fee for this service is $95 per qualification.
Sub-Chapter S Election (TAX TIP)
The Texas LLC being taxed like a Sub Chapter S Election offers two principal advantages. First, profits and losses will flow though to the owners in a manner similar to a partnership, thus avoiding double taxation. Second, employee-owners may be able to reduce federal employment taxes by as much as 15.3 percent on the portion of their income on the first $95,000 per owner per year and 2.9% on all earnings after that. This allows you to increase your distributions and reduce your wages. If you want your business to have these major tax advantages it costs an additional $70.00 dollars. We will complete the Federal requirements and draft the Articles of Organization, Operating Agreement, Resolutions and Membership certificates to reflect the companies Tax status as an S-Election.
Unemployment Tax Account Number and new Hire Report
If you are going to be paying a wage state law requires you to have an unemployment tax ID to do your state withholdings and new hire report to report your new hires so to avoid penalties from the Department of revenue. The preparation fee for the Unemployment number paper work is $85.00 and there is a $30.00 fee to prepare 10 new hire reports.
Federal Tax ID Number
The Federal Tax ID Number is required to open a business account and to put your license into the company name. It is also necessary for those who need to get exempt from workers compensation insurance. The tax Id Number for your Texas LLC is $35.00 of charge at the time of incorporation and we will acquire the actual number for your convenience.
Security Agreement with a Loan Agreement (ASSET PROTECTION TIP)
The flow of money is the grease that lubricates the wheels of commerce. Over the years important rights and protections have been developed to insure this flow continues. If you would like to loan money into your company other than that which you give in exchange for your ownership interest. A loan agreement and promissory note is the proper way to do so. This works by having the loan agreement and promissory note signed between the Texas LLC and owner so the extra money is seen by the IRS as a loan to be repaid and not capital without strings attached. Additionally, a security agreement, when recorded acts as a buffer securing the loan against subsequent corporate creditors, thus keeping you first in line to recover the loaned money. The cost for the standard security agreement and help with its UCC registration is $150.00. The loan agreement and promissory note is $65.00 dollars additional.
Sales Tax ID Number (for reselling)
If you are going to purchase products for resale you will need a Sales Tax ID Number; we can help you acquire this tax id for $85.00 dollars.
Single Member Texas LLC Operating Agreement (Free of Charge) (ASSET PROTECTION TIP)
Every Limited Liability Company ( LLC ) MUST have an Operating Agreement to complete the owner's personal protection in the face of Litigation. The Operating Agreement MUST provide a clear outline of the rights and responsibilities of all parties to the Texas LLC. This Agreement's provisions cover the procedural issues such as voting rights; rights and responsibilities of the Managers and Owners; financial matters; methods for amending the Operating Agreement; Owner withdrawal; dissolution of the Company; and the Buying and selling of the company's Ownership interest. It is a good idea that LLC governing procedures be establish and memorialized in a written Operating Agreement at the time of incorporating because after the formation of the Texas LLC, matters may not be so easily agreed upon. Our tailor made Contract spells out the rights and obligations of the parties in the event disagreements come up. Even family owners should have an OPERATING AGREEMENT, since it could settle some issues without the expense of litigation. Having an Operating Agreement brings transparency and predictability with regards to issues mentioned above and thus tranquility when engaging in your day to day business activities. We include a single member operating agreement for free for single member Texas LLCs; if the company is a Multi member Texas LLC then the cost is only an additional $35.00 for the agreement.
Employment Agreement (ASSET PROTECTION TIP)
There are of course the important elements for new hired employees such as protecting your trade secrets and other intellectual property from being stolen without recourse as well a non-competition clause to seal off any attempt damage your business with your own ideas. Additionally, the beginning and ending dates of the employment period, the amount of the salary and time period it will cover, a description of duties and title for employees, agreed paid vacation days and severance pay are all inclusive. We will provide a specific agreement that entails all the above elements and more. This agreement is only $55.00 dollars at the time of incorporation.
When you incorporate you are protected as a Member (owner of a company), however, when you act as a Manager you have to understand there is no protection if you are sued. Therefore it is strongly recommended to have us register an indemnification in your articles of Organization and provide a standard contract between the LLC and the Managers for an important layer of protection. The fee for this work is only $65.00 dollars at the time of incorporating.
Registered Agent Service/Attorney Counsel
The state of Texas requires a registered agent to be registered in your articles of incorporation so that a sheriff may serve legal papers in conjunction with a prospective law suit. We can help with your registered agent services for $165.00 for 12 months and for an additional $88.00 we can act as your attorney counsel for 12 months so that you may call or email with your legal business questions regarding the company we set up in congunction with you purchased attorney counsel service. (12 month Attorney counsel is free with purchase of an entity, during our promotion time; promotion ends July 1, 2017.)
Speed of service
We normally get you your documents in about 7-9 days. If you need your corporation completed quicker we have a same day incorporation service for an additional $175.00 dollars and if you need to be incorporated next day it will cost an additional $120.00 dollars and $65.00 for 3 days.
If you would like to have a secondary name to advertise your corporation under it is required to have what is called a DBA or fictitious name registered correctly under the corporation. We will have this registered with the required resolutions for only $135.00 dollars and will be completed in 7-9 days. Same Day Service is an additional $175.00
1 day for an additional $120.00
3 days for an additional $65.00
Once you have received the state registered DBA from us, you must then register the DBA at your county of business.
Trademark (ASSET PROTECTION TIP)
If you want your corporate name to be protected from others using it, a Trademark is a must. We can have your name Trademarked for $695.00 dollars, $350.00 extra for a logo and additionally we will perform the crucial due diligence (Trademark name searches) at the Federal and most importantly at the Common Law level for $399.00 dollars and continue to monitor and keep up the formalities for $850.00 a year. The Search normally takes about two weeks, however the process can be expedited to Same Day completion for an additional $225.00, 2 day service for $150.00 additional and 4 day service for $75.00 dollars additional. With regards to the Trademark registration, normally 10 full months are necessary for the Federal Government to determine if the name will be awarded a Trademark.
Copyright (ASSET PROTECTION TIP)
A copyright gives the owner of a creative work the right to keep others from using the work without the owner's permission. Copyright protection may be applied for with regards to all original expressions, including art, sculpture, music, songs, choreography, crafts, poetry, flow charts, software, photography, movies, CD-ROMS, video games, videos, web sited and graphic designs. Copyright protection lasts for many years. Most often it lasts for the life of the work's creator (its author) plus 70 years. In cases where the creator is a business, the copyright lasts between 95 and 120 years. We will register your Copyright for $275.00 and we can also get your immediate confirmation evidence for an additional $600.00
Home Office Lease (TAX TIP)
If you would like to take valuable deductions from the use of your home office you must have a lease agreement since land is involved. We will draft home office lease for just $70.00 dollars at the time of incorporating.
Vehicle Lease (ASSET PROTECTION TIP)
Do you use your vehicle for business purposes? If so a vehicle lease agreement is a tremendous tax break that you must not pass up. We will draft a vehicle lease for only $70.00 dollars at the time of incorporating.
Heavy Use Tax ID (For Hauling/Trucking Companies)
If your vehicle weighs over 55k lbs loaded then you will need a heavy use tax ID to travel on highways or risk fines with the Department of Transportation. We can prepare the documents for $85.00 dollars and have it ready to sign for you in your company book.
Business Equipment Lease (ASSET PROTECTION TIP)
Do you have office equipment, construction equipment or other expensive equipment that you would like to protect from a law suit and yet still receive a valuable tax write-off. If so, have us draft a standard Equipment Lease for only $135.00 dollars at the time of incorporating.