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Ernative Non-Extension Statement 3 Model Standby Providing for Reduction and Incorporating Annexed Form of Reduction Demand 4 Model Standby Providing for Transfer and Incorporating Annexed Form of Transfer Demand 5 - Simplified Demand Only Standby 6 Model Counter Standby with Annexed Form of Local Bank Undertaking 7 Model Standby Requiring Confirmation 8 Model Confirmation of Standby * Copyright 2012 by the Institute of International Banking Law & Practice, Inc., www.iibl.
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Obligates FAQ
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In Texas, the two primary ways to change LLC ownership are by issuing membership interest units or transferring existing units. The issuance of membership interest units is done through the LLC itself. As mentioned above, the company agreement will usually designate the initial number of units.
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In order to change your LLC name, you must file a Certificate of Amendment with the Texas Secretary of State. This officially updates your legal entity (your Limited Liability Company) on state records. Note: The Texas Secretary of State is responsible for LLC formation and administration, including name changes.
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You can easily change your Texas LLC name. The first step is to file a form called the Certificate of Amendment with the Secretary of State and wait for it to be approved. This is how you officially change your LLC name in Texas. The filing fee for a Certificate of Amendment in Texas is $150.
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File a Texas Certificate of Amendment Form You may file a printed Certificate of Amendment Form in person or by mail or upload a digital form online through the Secretary of State's SOSUpload service. When you submit a printed form, you will need to include a duplicate copy.
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The Texas rules for transferring ownership of a Texas LLC focus mainly on transfers of membership interests. Transfers of member status are possible, but the rules are more strict to protect the company and other members. The Texas rules for transfers of membership interests are default rules.
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To update any information in your TX certificate of formation, you'll have to file a TX certificate of amendment (Form 424), and pay the associated $150 fee. Section 3 (“Other Provisions to be Added, Altered, or Deleted”) will let you add the name(s) of any new LLC members.
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There are three primary ways a member can be removed from a Texas LLC—by complying with the operating agreement or by seeking voluntary or involuntary dissolution. The options available to you will depend on the specific facts and circumstances of your situation.
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All you really need to do is provide in duplicate along with the filing fee, the completed Form 401, Change of Registered Agent/Office, to the Texas Secretary of State, by mail, fax, in person or at SOSDirect Online for $15. If submitting by fax, accompany the fax with (Form 807) with your credit card information.
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