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Form 2 Revised Corpus Christi Texas: What You Should Know

Limited Liability Partnerships. A Limited Liability Partnership (LLP) is a nonprofit corporation. An LLC is a partnership or a corporation operating in partnership with one (1) or more other persons or entities. Title 3, chapter 101, subchapter A, of the Texas Business Organizations governs all activities carried on by an LLC and any other persons or entities that are related to it. In order to form a limited liability company, a person must file a certificate of organization and a statement of organization and purpose with the Secretary of State. For more information call. Form 205 — Certificate to Start a Business — Limited Liability Business An L.L.C. Is a business organization designed to carry out the management, control or general business operations for one or more persons. A Limited Liability Partnership (“LLP”) is a business partnership. A Limited Liability Corp. (“LC”) is a business corporation. Form 125M — Certificate of Registration — Partnership Pursuant to Section 11.001(1) and Section 11.010(A)(2), an L.L.C. shall be registered as a Texas LLC upon formation. The L.L.C. is entitled to an initial state corporation certificate, upon filing an election to form an L.L.C., provided the L.L.C. filed the election and was eligible to form an L.L.C. before its election. The L.L.C. has the right, in addition to filing the election to form an L.L.C., to be registered, but not qualified, as a Texas L.L.C. at the time of its initial filing provided registration has not lapsed for a period of 180 days after the date the L.L.C. first filed its election and was eligible to form an L.L.C. or for any period during which it was suspended. Form 125M is amended by amendment 1 to clarify that each partnership shall be permitted to have one (1) or more officers for an annual fee.

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