18-172 18-172 . . Director Stock Program which provides that, on first day of director's term, such director will be granted option to acquire 900 shares of common stock, and on first day of each subsequent year of director's term, he or she will be granted options to acquire 300 shares of common stock. Options are at fair market value on date of grant and are exercisable in full six months after date of grant. The Director Stock Program also provides that, on first day of director's term, he or she will be awarded right to purchase 450 shares of restricted stock, and on first day of the second and third year of such director's term, he or she will be awarded right to purchase 150 shares of restricted stock. Purchase price will be equal to par value of common stock
Texas Director stock program
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US-CC-18-172
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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.
How do I file an amendment for my Texas LLC? 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.
Transferring Your Texas LLC Upon Death First, the LLC's operating agreement should generally specify what happens upon the death or incapacity of an LLC's member. Depending on the operating agreement's language, the LLC may be transferred to your estate, transferred to the remaining membership, or dissolved.
Use SOSDirect, our business application for online business filings and searches.
Can a person younger than 18 be a director, officer, or owner of a business entity in Texas? The Texas Business Organizations Code does not impose any age requirements on who can be an owner, officer, or director in a business entity.
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.
Filing Fees for LLCs Transferring INTO the State StateFeeIncludesFlorida$150.00Articles of Conversion ($25.00) and Articles of Organization ($125.00)Texas$600.00Certificate of Conversion ($300.00) and Certificate of Formation ($300.00)1 more row ?
The Texas Comptroller of Public Accounts collects management information for corporations and LLCs from the entity's Public Information Report (PIR) that are filed as part of the entity's franchise tax report.
