Retail Llc Contracts With Paving Inc In Houston

Q: How do I keep my LLC active in Texas?

Your LLC will remain in Active status if you complete the annual Franchise Tax and Public Information Report timely each year. Typically, these reports are due in May, with the option to file a 6-month extension.

Category:

Contracts - Retail Installment

State:

Multi-State

City:

Houston

Control #:

US-002WG

Format:

Instant download

Description

The Retail Installment Agreement is a crucial document for establishing a binding financial arrangement between a seller and a purchaser, specifically in the context of retail llc contracts with Paving Inc in Houston. This form outlines essential details, including the total purchase price, interest rate, payment terms, and late fees. It specifies the consequences of default by the purchaser, such as the immediate due of all payments and the seller's rights to reclaim the collateral. Additionally, it addresses the disclaimer of warranties, indicating that the seller does not guarantee the goods' suitability or quality. The form is structured to ensure clarity, with instructions for writing modifications and establishing governing law. It is particularly useful for attorneys, partners, and legal assistants involved in real estate or construction law, providing a clear basis for financial transactions. The form allows modifications through written agreements and ensures enforceability in a court setting. This agreement serves as a protective measure for both parties, outlining responsibilities and rights, making it essential for owners and associates in navigating legal and financial agreements.

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FAQ

Your LLC will remain in “Active” status if you complete the annual Franchise Tax and Public Information Report timely each year. Typically, these reports are due in May, with the option to file a 6-month extension.

Duration: Pursuant to section 3.003 of the BOC, a Texas LLC exists perpetually unless provided otherwise in the certificate of formation. If formation of an LLC with a stated period of duration is desired, use the “Supplemental Provisions/Information” section of this form to provide for a limited duration.

Yes. The Texas Business Organizations Code requires that for-profit corporations and professional corporations have at least one director, one president, and one secretary. A single natural person can be the president, secretary, sole director, and sole shareholder.