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by hpcatx
Mon Oct 03, 2011 8:08 pm
Forum: Instructors' Corner
Topic: New Instructor in need of guidance
Replies: 10
Views: 2678

Re: New Instructor in need of guidance

John Fernandez wrote:Once I get the LLC established should I still go to the county clerks office for a DBA or is that only if I dont want to do business as the LLC?
You only need to get the D/B/A if you want to operate under a different name than the LLC.
by hpcatx
Mon Oct 03, 2011 6:04 pm
Forum: Instructors' Corner
Topic: New Instructor in need of guidance
Replies: 10
Views: 2678

Re: New Instructor in need of guidance

RoyGBiv wrote:The minimal cost for setting up an LLC (IIRC, one time, $300, plus some extra paperwork [TX and Fed tax filings] every year) is way cheap insurance.
This is still the case... $300 to the State of Texas for filing fees and you can get Federal Tax ID (FEID) free of charge. It's actually quite easy to setup a basic LLC. You can do it yourself; here are some useful links:
Form 205 - for the Texas Secretary of State
Online EIN Application - for the Federal Tax ID
Hope this helps! Having a LLC alone won't protect you completely, but it will allow you to carry insurance coverage specifically for your corporate entity.

All of that being said, I would always recommend consulting an attorney or tax accountant if you have remaining questions/concerns or need a more complex corporate structure.

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