LLC Question...
I am in the process of forming my own LLC, does anyone know what a Franchise Fee is and what it is for or applies to? (I am not talking about starting a McDonalds either!)
I know California has a Franchise Fee of $800/yr (!!!) but I can't find anything on Texas, but I found a reference to the Texas Franchise Fee for LLC's in Texas. Anyone have any knowledge of this?
iglooman
I don't think that Texas has one that affects industries other than the telecommunications industry. I would call the Secretary of state corporate division and ask (or CAll)
Here is a website of a lawyer who sets up entities in Texas that might respond to an e-mail. Or any other of the hundreds of companies that will do it for the filing fees +$100.
Good Luck!
[addsig]
Here is a link to the Texas Secretary of State. You might find the info there.
http://www.sos.state.tx.us/
Best of luck
John (LV)