Limited Liability Llc Form For Texas

State:
Multi-State
Control #:
US-0186BG
Format:
Word; 
Rich Text
Instant download

Description

The Limited Liability LLC form for Texas is a legal document designed to facilitate the assignment or sale of ownership interest in a limited liability company. This form is especially valuable for individuals such as attorneys, partners, owners, associates, paralegals, and legal assistants, ensuring a transparent and formal process when transferring LLC interests. Key features include detailed clauses that outline the purchase price, representations and warranties by the assignor, and covenants to maintain business operations during the transfer. Users are instructed to fill in specific information such as names, addresses, and financial details, ensuring clarity in the transaction process. The form also includes provisions for potential disputes, outlining arbitration processes and attorney's fees, thus providing essential legal protections. Additionally, individuals are guided to obtain necessary approvals and ensure compliance with relevant laws, making this form crucial for legal and financial clarity in business transitions. Overall, this form is indispensable for anyone involved in the management or ownership of limited liability companies in Texas.
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  • Preview Assignment or Sale of Interest in Limited Liability Company (LLC)
  • Preview Assignment or Sale of Interest in Limited Liability Company (LLC)
  • Preview Assignment or Sale of Interest in Limited Liability Company (LLC)
  • Preview Assignment or Sale of Interest in Limited Liability Company (LLC)
  • Preview Assignment or Sale of Interest in Limited Liability Company (LLC)

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FAQ

Limited Liability Company: A Texas limited liability company is created by filing a certificate of formation with the Texas Secretary of State. The Secretary of State provides a form that meets minimum state law requirements. Online filing of a certificate of formation is provided through SOSDirect.

Create Your Texas LLC in Five Steps Step 1: Choose a Name for Your LLC. ... Step 2: Appoint a Registered Agent. ... Step 3: File the Certificate of Formation. ... Step 4: Create Your Operating Agreement. ... Step 5: Obtain an Employer Identification Number.

Article 1 ? Entity Name and Type The filing entity being formed is a limited liability company. The name of the entity is: The name must contain the words ?limited liability company,? ?limited company,? or an abbreviation of one of these phrases.

Form 205 (Revised 12/21)Certificate of Formation Limited Liability CompanyThis space reserved for office use.Submit in duplicate to: Secretary of State P.O. Box 13697 Austin, TX 78711-3697 512 463-5555Filing Fee: $300

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Limited Liability Llc Form For Texas