I filed the formation documents online last week. Got the certificate back today. What are the immediate things I need to handle now? I'm a little overwhelmed.
LLC Formation
Just filed my llc online in texas, what should i do next?
Get your EIN from the IRS first. You can apply online for free. Then open a separate bank account.
How many members are on the LLC? That changes the paperwork a bit. If it's just you, a single-member operating agreement is simpler. You still should have one, even if Texas doesn't require it.
Single member. I'll look up an operating agreement template. Do I need to file that with the state?
No, you keep it with your own records. It's internal.
Don't forget the Texas franchise tax. Even if you owe nothing, you likely have to file the no tax ddue report annually. There's a filing schedule based on your entity type, so check the comptroller site. Many people get hit with penalties for missing it the first year because they assume 'no tax' means 'no filing.'
That happened to someone I know. Also set a calendar reminder for your registered agent renewal if you're using a service tbh.
Consider getting a business license or permit depending on what you do. Some cities require a general business license. Check with your city secretary.
And make sure you actually separate your finances. The LLC doesn't protect you if you treat it like a personal piggy bank.
Thanks all. I have the EIN and the bank account done. I'll look into the franchise tax filing and the city license. Appreciate it.