Texas Business Opportunity Registration Updates are required filings made by companies offering business opportunities to Texas residents. These updates provide information to the Texas Secretary of State on the company's business activities and the progress of their business. The updates must be filed annually or upon change of ownership. There are two types of Texas Business Opportunity Registration Updates: Form 707 and Form 708. Form 707 is the initial registration and renewal filing for business opportunity sellers. The form requires a detailed description of the business opportunity, disclosure of any criminal records, and the company's financial statement. Form 708 is the annual update to the original filing. This form requires the company to update information about their business operations, including any changes in ownership, address or contact information, and sales activity.
Texas Business Opportunity Registration Updates
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FAQ
(1) "Business opportunity contract" means an agreement that obligates or is intended to obligate a purchaser to a seller.
Texas has not enacted franchise specific laws and is not a franchise registration state. However, Texas has enacted Business Opportunity Laws and, before offering or selling a franchise in Texas, you must first file a one-time Business Opportunity Exemption Notice with the Texas Secretary of State.
Texas Corporation Search: Everything You Need to Know Call the state business information line at 512-463-5555 and request that the representative check if the LLC name is available.Email your request to corpinfo@sos.texas.gov. Use the Texas Secretary of State database to perform a search.
