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When did the BOC take effect? The BOC was enacted in 2003. It was effective as of January 1, 2006 though it provided a transition period during which some entities were governed by the BOC and others were governed by the statutes under which they were formed.
Chapter Three of the TBOC and Part Three of the Old Act prescribe the technical requirements for the formation of a limited liability company. For limited liability companies formed on or after January 1, 2006, a Certificate of Formation is filed with the Texas Secretary of State.
Under Article 2.21 of the Texas Business Corporation Act (TBCA), for example, shareholders or affiliates cannot be held liable for a corporation's contractual obligations unless they caused the corporation to be used to perpetrate ?an actual fraud? primarily for the purpose of personal benefit?.
How to 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.