Q: What are the filing fees for an LLC in Texas?
A: The filing fee for an LLC in Texas is $300 if filed online or $308 if filed by mail or in person.
Texas does not require LLCs to file annual reports or pay annual report fees.
Q: Does Texas impose a state income tax on LLCs?
A: No, Texas does not impose a state income tax on LLCs or individuals.
This can make Texas an attractive state for entrepreneurs looking to minimize their tax liability, as there is no state income tax on profits earned by the LLC or its members.
However, Texas does impose a state franchise tax, which is assessed on a company's total revenue less certain deductible expenses.
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