An out-of-date corporate book can cause unexpected legal problems!
It is important to keep your entity’s books up-to-date and to ensure compliance with the Texas Secretary of State’s Office and the Texas Comptroller’s Office. Here are some common issues in need of updates:
- Did your entity hold its required annual meeting and transcribe the minutes of that meeting?
- Did your entity’s governing persons change during 2014-15?
- Did ownership of the entity change during 2014-15?
- Did your entity start transacting business in another state?
- Did your entity start transacting business under a “DBA” or assumed name?
- Did the registered agent information for your entity change?
- Have additional shares or membership interests been issued?
- Does your entity’s Company Agreement, Partnership Agreement, or Bylaws need to be updated to reflect changes or agreements between shareholders / partners / members?
- Did you decide to terminate or wind up your entity?
- If your entity experienced involuntary tax forfeiture, has your entity applied for reinstatement?
Other issues we assist clients with frequently are: lease renewals, real estate purchases, borrower financing representation, contract reviews, and collections.
Most of these updates take little time and can done very affordably. Call anytime at (214) 919-3555.
