Do I need a lawyer to form an LLC in Texas?
It can be beneficial to hire an experienced attorney to ensure proper LLC formation and compliance with relevant laws, however, a lawyer is not required to draft or submit Texas LLC formation paperwork.
Forming an LLC involves various legal and administrative steps, and an attorney can provide guidance, draft necessary documents, and help you navigate the formation process and annual maintenance.
Hiring an attorney to form a Texas LLC provides several benefits:
- Their expertise and guidance can help you establish a solid legal foundation for your LLC.
- Minimize risks and maximize asset protection.
- Comply with regulations and increase the chances of long-term success.
While there are undeniable benefits to having an attorney form your new Texas LLC (outlined above), you should consider the potential drawbacks as well.
It’s important to consider your budget, specific circumstances, legal knowledge, and comfort level when deciding whether to hire an attorney.
What is the highest paid lawyer?
Reviewed by: David Merson
Reviewed: 6/7/24
Looking into a law career and wondering what fields the highest-paid lawyers specialize in? Keep reading to learn everything you need to know!
Aspiring lawyers may have different motives for wanting to practice law. While some may want to be public defenders and bring justice to those who need it, others are drawn into the field for their academic interests or their desire for a certain lifestyle.
While there is no single reason to pursue a career as a lawyer, salary is an essential consideration as you choose your legal specialty.
We’ve distilled all the pros and cons of some of the highest-paid types of lawyers. Performing well in your law career means coming prepared for the type of work ahead of you. As a result, deciding which specialty of law to work in can make all the difference.
While many factors play a part in determining a lawyer’s compensation, certain lawyers tend to make more than others. Some of the highest-paid lawyers include:
- IP lawyers
- Tax attorneys
- Trial attorneys
One reason IP lawyers are some of the highest-paid types of lawyers is that they require very specialized knowledge in distinct fields. An attorney defending and making arguments for intellectual property needs to be well-versed in the domain it pertains to. This can include creative fields like music and entertainment and other areas such as science and technology.
Tax codes are complex. So companies and individuals are willing to pay so much for credible tax attorneys. Tax laws aren’t written in stone and are being updated all the time. As a result, tax attorneys need to make sure they’re always familiar with any changes to evolving tax policies.
Although there is a bit of variation when it comes to trial attorney salaries, handling courtroom processes can give you a leg up in your law career. The role of a trial attorney is as much about charisma as it is about facts and knowledge. Working in a live environment means you’ll need to
How to become an attorney in Brazil?
Introduction to the Regulatory Framework
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How many categories of lawyer are there in your jurisdiction?
In Brazil there is only one category of lawyer (advogado). Only lawyers duly enrolled with the Brazilian Bar Association (Ordem dos Advogados do Brasil) have rights of audience before the Brazilian Judiciary (this restriction does not apply to filing a writ of habeas corpus) and to provide consultancy and guidance on legal matters (see Question 7).
The incorporation document of Brazilian companies must be executed by a lawyer to be registered with the relevant public registry. Exceptions to this rule apply to microcompanies (companies with annual gross revenues equal to or less than BRL360,000) and small companies (companies with annual gross revenues between BRL360,000 and BRL4.8 million).
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What stages of legal education must be completed to qualify as a lawyer in your jurisdiction?
To be admitted to practise law in Brazil, an individual must obtain a Bachelor of Laws degree from an accredited institution. The law degree is a five-year course.
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What are the requirements to obtain a practising certificate/licence? How often must this be renewed?
After completing the legal education and obtaining a Bachelor of Laws degree from an accredited institution, candidates must pass the Brazilian Bar Examination. It is not necessary to complete an internship, although it is highly recommended.
There is no specific additional requirements to practise as an in-house lawyer.
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Are there any limitations on lawyers advising throughout your jurisdiction?
A lawyer enrolled with the Bar Association chapter (branch) of a given state is only eligible to handle up to five legal proceedings in another state without enrolment with the other state’s chapter. Failure to comply with this can trigger the opening of administrative proceedings before the ethics tribunal of the state in which the lawyer is not enrolled.
A qualified lawyer can advise on any area of law.
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Are there any written codes of conduct or handbooks, or rules and/or principles that lawyers are required to abide by?
The two main sets of rules governing the conduct of lawyers in Brazil are the:
- General Rules of the Bar Association, enacted by the Bar Association’s Federal Council.
- Ethics and Disciplinary Code of the Bar Association.
The decisions of the Federal Bar Association and each state chapter of the Bar Association are also binding.
Lawyers must also defend the rule of law, human rights and fundamental guarantees, citizenship, morality, justice and social peace.
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What are the key rules governing the legal profession in the jurisdiction?
The main piece of legislation governing the legal profession in Brazil is Law No. 8,906/1994 (Bar Association Statute).
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Who has the right to conduct litigation in court, and who has rights of audience?
Right to Conduct Litigation
Only lawyers can conduct litigation in court. In general, any individual or entity pleading before a court must engage a lawyer. However, in
How much does LLC cost in Texas?
Whether it’s hats, highways, or hair, everything is bigger in Texas. The same can be said for starting your own business. The state filing fee for a Texas LLC is $300, which is more expensive than in most other states. But, Texas balances it out by not charging businesses an annual renewal fee. So, other than regular operating costs and service add-ons, that initial $300 fee is the LLC cost in Texas.
A limited liability company (LLC) can provide liability protection and lend credibility to your business. It may even save you money on taxes. But before you start an LLC, it’s important to understand LLC startup costs and the LLC formation process.
LLC costs begin with state filing fees, but they can also include fees for professional services, fictitious name registrations, and business licenses. These fees can add up to anywhere from a few hundred to a few thousand dollars, depending on the licenses and services you need.
The sections below will discuss each of these costs in detail.
A few quick facts and numbers about the cost of starting Texas LLCs:
- LLC formation filing fee is $300.
- Veteran-owned businesses qualify for a reduced filing fee.
- Cost to start a foreign LLC in Texas is $750.
- Expedited service fee is $25 per document.
- Certified copies of LLC formation documents cost $1 per page.
To form an LLC in Texas, you’ll file paperwork with the Texas Secretary of State and pay a state fee. Every LLC should also have an operating agreement. While the formation process is relatively straightforward, many people use an online formation service to ensure the paperwork is completed and submitted properly.
The total cost to start an LLC will depend on whether you choose to add on additional services and fees. At the most basic, starting an LLC in Texas will cost $300. This is the filing fee that must be paid to the Secretary of State.
If you’re not a Texas resident and plan to start an LLC in the state, you’ll need to register for a foreign entity. The cost to start a foreign LLC is $750.
For expedited service, you can pay $25 per document that needs to be processed quickly. Certified copies of your LLC formation documents will cost $1 per page.
You can file online or in person in Texas. The cost is the same, but you’ll receive faster processing by filing online. The general processing time is 2-3 weeks, and expedited processing is 1-2 days.
How much does it cost to form an LLC in NY?
You must submit Articles of Organization to the New York Secretary of State to officially form your New York LLC. This has a filing fee of $200. You can submit your Articles of Organization and accompanying fee in person, through the mail, over fax, or online.
Filing your Certificate of Publication in New York costs $50. Within 120 days of submitting your Articles of Organization, all New York LLCs must publish either a copy of their articles or a notice about their LLC’s formation in two separate New York newspapers, one a daily publication and one a weekly publication. The legal notice must be published in the county in which your principal address is located. The cost of publishing these notices varies from county to county. After keeping the notice in the papers for six consecutive weeks, you’ll submit a Certificate of Publication to the Department of State along with the filing fee and affidavits of the newspaper publications.
New York LLCs must file a Biennial Statement every two years after filing their Articles of Organization. This costs $9. Sometimes called the Biennial Report, you must file your LLC’s report during your anniversary month every two years until the business is dissolved. For example, if you started your business on June 15, 2021, your biennial report will be due in June 2023, June 2025, June 2027, and so on.
Every LLC must have a New York registered agent. This information is required for your Articles of Organization and must be up-to-date at all times. A registered agent is a person (or company) that receives legal notices on your business’ behalf. Many businesses choose a registered agent service instead of an individual in order to ensure that no legal notices will be missed or forgotten. The fees for registered agent services can vary—except at Northwest. Northwest is $125 per year and the price never goes up.
The only license that every single business in New York must have is the sales/tax license, and there is no fee associated with it. The sales/tax license, also called the New York Certificate of Authority, allows you to collect and pay state sales taxes. You can apply through the New York Business Express portal.
Professional licenses are required for most businesses that offer specialized services, such as real estate firms, doctors’ offices, and hair salons. These licenses vary in price depending on your business’ industry, the employees you retain, and your physical location. For example, a New York cosmetology license is $40 for the application, $15 for the written exam, and $40 to renew each year, while a New York security guard license is $36 for the initial application, $102 for the fingerprint fee, and $25 for employment status notification. The Department of State’s D.
How much does it cost to make an LLC in Michigan?
Michigan’s LLC formation fee is on the low end at $50. To bring your Michigan LLC into existence, you’ll need to pay this fee and submit a completed Michigan Articles of Organization form to the MI Department of Licensing and Regulatory Affairs (LARA). You can submit this form online, by mail, or in person. Michigan processes mailed filings up to four weeks after receiving them and online filings up to two weeks after receipt.
The state offers expedited processing for an additional fee:
| 24-hour | $50 |
| Same-day | $100 |
| Two hour | $500 |
| One hour | $1,000 |
Michigan LLCs need to file an annual report (called an Annual Statement) and pay a modest annual report fee—$25. Filing your annual report ensures that the state has the correct information for your business and is necessary to keep your LLC in good standing. The Michigan Corporations Division will mail a pre-filled annual statement form to your registered agent 90 days before it is due, which you can return by mail. Or you can file online via the LARA Corporations Division Online Filings System.
The annual report is due by February 15th, starting the year after you form your business. However, if your LLC was formed after September 30th, you don’t need to file an annual report in the upcoming year. Meaning that if you formed your LLC on October 1st, 2022, you don’t need to file an annual report until February 15th, 2024.
According to Michigan law, you must include the name and address of your resident agent (aka registered agent) in your Articles of Organization. Your registered agent is the person or company designated to accept legal mail (including lawsuits) on behalf of your LLC. Michigan registered agents must have a physical address in Michigan where they are available during standard business hours year-round. So if you plan on ever taking a vacation, you might not want to appoint yourself as your own registered agent.
A professional registered agent service can take this burden off your hands and help you protect your privacy—since you can put their address on the public record instead of yours. Northwest’s fee for registered agent service is $125/year, and that fee never goes up.
Michigan doesn’t have a universal state business license, but that doesn’t mean you won’t need to pay any fees for licenses and permits. Many businesses need some kind of license before they can begin operations—whether that’s professional certification, a building or zoning permit, or a city business license. Check out the Michigan State License Search to learn more about state-issued licenses.
If your business requires training and oversight to be performed safely—whether you’re a tattoo artist, dentist, or mobile food vendor—you’ll need professional certification from the board that regulates your industry in Michigan.
How much does it cost to start an LLC in Oregon?
You have an excellent idea for a product or a service, you’ve fleshed out a solid business plan, and now you’re ready for revenue to start rolling in. But before your business gets up and running, you’ll need to choose a business structure. This will determine your registration requirements, tax obligations, and personal liability.
The most common business structures for small businesses are sole proprietorship, partnership, limited liability company (LLC), and corporation. Forming an LLC has become a popular choice for small business owners. This structure offers liability protections, potential tax benefits, and management flexibility.
Read on to learn what an LLC is, its advantages, how it differs from a sole proprietorship, and how to set up your small business as an LLC in Oregon.
A limited liability company is a business designation that protects its owners’ personal assets from their business’s debts and liabilities. The business acts as its own legal entity, so it retains all the responsibility for debts and liabilities.
For instance, if an LLC files for bankruptcy or is sued in a lawsuit, the business owners’ personal assets, such as bank accounts, homes, and cars, may remain protected. That is the main benefit of operating as an LLC as opposed to being a sole proprietor.
A single-member LLC is when there is only one business owner. In contrast, a multi-member LLC has two or more owners, and owners are called members.
Protection of personal assets is certainly an attractive feature. But choosing an LLC as your business entity comes with additional benefits as well. Below is a breakdown of what they are.
An LLC is a pass-through taxation entity. This means that its owners’ profits and losses pass through to their personal tax returns and are taxed at their personal income tax rate.
Additionally, LLC owners pay income taxes on the business’s annual profits only once. Since an LLC does not pay any federal corporate income tax, the owners avoid double taxation.
LLCs are relatively inexpensive to form and maintain. The main expense is the filing fee that each state requires. These vary by state and can range from $40 to $500. The fee for forming an LLC in Oregon is $100.
Unlike corporations overseen by a board of directors and officers appointed to run the business’s day-to-day operations, LLCs are not required to have a fixed management structure. Instead, LLC owners have complete control over how they want to run their businesses with minimal recordkeeping and reporting requirements.
LLCs also have flexibility in how they distribute profits to owners. That’s because there are no requirements to distribute profits according to ownership percentages, unlike with other types of business structures. For instance, the LLC may have two owners but agree that one will receive a larger share of the profits, perhaps because they contributed more money or labor during the startup phase.
A sole proprietorship is an unincorporated business with just one owner.