Choosing a name for an LLC in Texas
A Limited Liability Company, or LLC, is a business structure that blends features of a partnership and corporation. Texas law initially requires potential entrepreneurs to provide a name for their chosen LLC.
Entrepreneurs who choose to form an LLC should understand that their business name must contain the abbreviation “LLC.” For example, John might use “John Law Firm LLC” as his law firm name. There are several ways to write the LLC abbreviation, such as L.L.C., L.C., or LC. The abbreviated form of limited and company such as Ltd., LTD, and Co., can also be used in forming business names. The business names should be unique in nature and not resemble existing company names. One way of checking a business name’s availability is by searching the Texas Secretary of State online research tool SOSDirect. Entrepreneurs are given 120 days to reserve a business name after filing the Form 501. Entrepreneurs are subjected to a $40 fee for filing the Form 501 through mail or SOSDirect.
If you want to know more about LLC’s, or if you have decided to open up your own business in Austin, get in touch with the Adam Pugh business lawyers. Find out how we may help you start your business by calling (737) 261-0602.