Effective September 1, SB 1203 revises the Business Organizations Code to allow a domestic entity’s governing authority to take action during an emergency without meeting qualifications of the entity’s governing documents or code that aren’t within the emergency period. View
Texas – Registered and Protected Series LLC
Effective in June 2022, SB 1523 makes updates related to registered and protected series of domestic limited liability companies and authorizes certain fees.
Texas – Online Notarization Involving Real Estate
Effective July 1, House Bill 1217 relates to the online notarization of documents regarding involving Texas real estate. Please see the link for more information. https://capitol.texas.gov/tlodocs/85R/billtext/html/HB01217F.htm
Texas – Business Entity Names
Effective June 1, House Bill 2856 clarifies the statutes regarding legal and fictitious business names so that all names must be distinguishable in the records of the secretary of state from another entity’s legal or fictitious business name. https://capitol.texas.gov/tlodocs/85R/billtext/html/HB02856F.htm
Texas – Extensions Granted for Hurricane Harvey
The Texas Comptroller’s office has declared natural disasters and emergencies tax help. This grants businesses affected by Hurricane Harvey a temporary extension for filing some taxes including franchise tax and sales tax. For more information, visit the link below. https://comptroller.texas.gov/taxes/resources/disaster-relief.php
Texas – Business Organizations Code Amended
Effective September 1, Senate Bill 1517 is amended to include, among other things, updates to service of process requirements on a series of a domestic limited liability company or foreign entity. http://www.capitol.state.tx.us/tlodocs/85R/billtext/html/SB01517F.htm
Texas – Public Benefit Corporations
Effective September 1, House Bill 3488 allows for the formation of public benefit corporations. The bill also allows for an amendment of a certificate of formation to be filed for a company to convert to a public benefit corporation. http://www.capitol.state.tx.us/tlodocs/85R/billtext/html/HB03488F.htm
Texas – SOS Business Filing Update
The Secretary of State has announced, effective August 31st, that they will be going paperless in regards to notice of filing or rejection for expedited business entity filings. They will now only be made via email, removing the fax option. http://www.sos.state.tx.us/corp/notice-expedited-change.shtml
Texas – Business Organization Code
Governor Abbot signed SB 860 on May 18 and effective September 1 updates and clarifies the Business Organization code with respect to corporations and fundamental business transactions in order to ensure Texas remains a leader in providing businesses with a
Texas – Business Organization Code
Governor Abbott signed into legislation SB 859 on May 15, 2015 and effective September 1, 2015, it amends the Business Organization Code with respect to powers of attorney with respect to matters relating to organization, internal affairs or termination of