Some Texas companies have to make some changes to help their businesses grow. In such cases, a company owner needs to be aware of the things the company has to do to ensure that it remains compliant with the state.
Get a free consultation and learn how DoMyLLC can support your business.
Texas requires companies to inform the state if they decide to make major changes to the items provided in the formation documents. A Texas company needs to undergo the amendment process, which includes the filing of formal paperwork.
A business owner has to know when it is necessary to file an amendment. There are many valid reasons. But, generally, your Texas company has to file an amendment with the state if the changes affect the formal entity structure of your business.
A. Changing The Company Name –
Sometimes, changing the name of your Texas LLC is necessary. If you think it is something your company has to do, you have to follow the legal process. Comply with the naming regulations of Texas. Then, file an amendment to let the state know about the changing of your business name. You may also need to update all state and government records.
If your Texas corporation decides to change its company name, it has to go through the process that the state implements. Make sure the name that you want is available. Then, inform the state of your plan by filing an amendment. Aside from these steps, your company has to update all the corporation’s state and government records.
B. Changing Members Of The Business –
Part of the Articles of Organization of your Texas LLC is a list containing the names, addresses, and contact information of the members and/or managers of your company. If there are changes to any of these, your LLC needs to inform the state through an amendment.
Your Texas corporation submitted its Articles of Incorporation when it registered its operations. This document includes a list containing the names, addresses, and contact information of the officers and directors of your company. Texas requires you to keep it up to date about these pieces of information by filing an amendment.
C. Changing Address Related To The Business –
Updating the operating address and registered office of your LLC is also a requirement in Texas. Doing this will make sure that your company receives important and legal documents from the state. File an amendment to update the information.
Texas corporations have to follow the same rule. An amendment is necessary to update the record of the state. Additionally, you will be sure that the company receives all legal documents like those related to the filing and tax obligations of your corporation.
D. Changing Contact Information –
You also have to make sure that the state can reach your LLC. You have to inform them if there are any changes to your company’s contact information. Since the state requires your LLC to have a registered agent as their point of contact, you have to file an amendment if there are changes to the agent’s information.
Your company’s registered agent serves as the contact person/company for the state. If there are changes to the contact details, inform the state through an amendment.
E. Changing The Number Of Shares That A Corporation Is Authorized To Issue – Texas LLCs do not have to think about this change because they cannot issue stock. But, if your corporation intends to make changes to the number of shares that it is authorized to sell, you will have to file an amendment with the state.
