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Veterans can form a free Texas LLC

3/25/2017

 
This is not new, but still a goodie. During the 84th legislature, SB 1049 allows veterans to form a Texas LLC or corporation at no cost and avoid Texas franchise taxes for 5 years. 

Step 1: Verify your veteran status by submitting a written request via fax to the Texas Veterans Commission. 
step_1 Texas Veterans Verification.doc
File Size: 23 kb
File Type: doc
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Step 2: the Texas Veterans Commission will reply to your request via mail and provide you with a letter that looks like this: 
Picture
Step 3: Download and complete the Veteran Owned Business certification. See attached. 
sample_verification_05-904.pdf
File Size: 170 kb
File Type: pdf
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Step 4: Complete the Certificate of formation documents (this can be an LLC or Corporation). See below: 
example_sos_205_boc.pdf
File Size: 86 kb
File Type: pdf
Download File

Step 5: Fax the below three documents to 512-463-5709. 
  1. Verification letter that looks like the letter in step 2
  2. The Veteran Owned Business Certification like in step 3
  3. The LLC formation form like in step 4. ​

​Finally, don't forget that forming the LLC as a tax reducing strategy is the beginning. Discuss how to properly tax your LLC with your tax professional. We can assist you in making this decision. 

    Author

    I'm many things. First, I'm a Christian, husband, and father of 3 wonderful kids. Professionally, I am a Texas Certified Public Accountant, Management Accountant, University adjunct professor of accounting, and former Texas Army National Guardsman. 

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