Company formation in Texas, USA
LLC
Legal minimum, year 1£311
Legal minimum, per year after£40
Typical year 1£1,091
Corporation tax21%Ease Banking
Every fee
Setting up
Government fee£231
$300 Certificate of FormationRegistered agent£40 to 230
Required
Formation service£0 to 230
Optional
EIN application service£0 to 150
Optional
Share capitalNone
Time to form1 to 5 days (EIN extra)
Running it, per year
Franchise tax and Public Information Report£0
RequiredNo tax below $2.65m revenue
Registered agent£40 to 230
Required
Form 5472 and pro forma 1120£0 to 800
RequiredFree if you do it yourself
Legal minimum after year 1£40
Audit: NoneForeign ownersNo local director; registered agent in the state requiredFully remote; EIN for foreign owners can take 2 to 6 weeks
TaxLLC pass-through; no state income tax; franchise tax only above $2.65m revenueDividend withholding: 30% (treaty reduced, 15% UK individual)VAT/GST: 6.25% state sales tax if selling in TX
BankingMercury, Relay, Wise work remotely once EIN is issued
Foreign-owned single-member LLCs must file Form 5472 plus pro forma 1120 every year; $25,000 penalty for missing it.
Questions
- How much does it cost to set up a company in Texas, USA?
- The legal minimum for the first year is £311, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £1,091. The government fee is £231 ($300 Certificate of Formation). Share capital is not included.
- How much does it cost per year to run a company in Texas, USA?
- The legal minimum after the first year is £40 a year. Running costs including optional and practically needed services range from £40 to 1,030. Audit: None.
- Do I need a local director in Texas, USA?
- No. No local director; registered agent in the state required.
- Can a non-resident form a company in Texas, USA remotely?
- Yes. Fully remote; EIN for foreign owners can take 2 to 6 weeks.
- What is the corporation tax rate in Texas, USA?
- LLC pass-through; no state income tax; franchise tax only above $2.65m revenue. Dividend withholding: 30% (treaty reduced, 15% UK individual). VAT/GST: 6.25% state sales tax if selling in TX.
- How long does it take to form a company in Texas, USA?
- 1 to 5 days (EIN extra).
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