How do I register a company name in Texas?

In general, sole proprietorships and partnerships need to register and file the business name (DBA or assumed name) with their local county clerk's office. If you decide to incorporate, the Secretary of State's Office (SOS) website has information on choosing the right legal structure for you.

US Legal Forms
Management Agreement and Option to Purchase and Own

Management Option Purchase For Business In Bexar

Q: Do I have to put LLC in my business name in Texas?

First, the name must include the words Limited Liability Company or one of its abbreviations, such as LLC or L.L.C. This requirement helps clarify the legal structure of the business to the public. Second, the name must be distinguishable from other LLC names already on file with the Texas Secretary of State.

Category:

Landlord Tenant - Property Management

State:

Multi-State

County:

Bexar

Control #:

US-00059

Format:

Instant download

Description

The Management Option Purchase for Business in Bexar is a comprehensive legal document used to formalize a management agreement between a business owner and a manager. This agreement outlines the specific responsibilities of the general manager, including operational duties and compensation based on the net income of the business. Critical features include the term of the management appointment, the option to purchase business assets, and terms for termination. Potential users, such as attorneys, business partners, and legal assistants, will find it a useful tool for structuring management relationships and business sales. The form allows flexibility, as it includes provisions for extending the management term and guidelines for the repair and maintenance of business premises. To fill out the form, users must input specific details about the parties involved, the business name, and financial terms. Assistance may be needed for complex terms such as net income calculations or legal jargon related to liabilities and indemnifications. Ultimately, this agreement serves to protect both parties’ interests while facilitating effective management and potential future ownership transitions.