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Recent Updates—April 2019

The April 2019 supplement adds new practice notes explaining general limited liability company concepts, LLC taxation and audit procedures, rules the Texas secretary of state uses to approve names of newly filed entities, ethical considerations when forming entities, and the registration of trademarks and service marks. It also includes new forms for registering trademarks and service marks and a form with optional LLC company agreement language that addresses tax audit considerations.

Changes to Practice Notes—April 2019

Chapter 1Formation and Filing with Texas Secretary of State; Ethics

§ 1.1:2Entity Name Standards

The entire section through “names available with consent” was rewritten.

§ 1.2:1Registered Agent Consent

The second paragraph was revised, and the practice tip was added.

§ 1.9:1Franchise Tax Account Status

The last sentence was added.

Part XI.Trademarks and Service Marks

§ 1.16State vs. Federal Regulation through § 1.19 Effect of Registration

The part was added.

Part XII.Ethics

§ 1.20Who is the Client When Forming a New Business Entity? Through § 1.20:2 Representing Business Entities

The part was added.

Chapter 21Organizational Filings

Introductory Note

The introductory note was rewritten.

§ 21.1Limited Liability Companies

The section and subsections were added.

§ 21.2LLC Taxation

The section and subsections were added, and following sections were renumbered.

§ 21.3:1Series LLC in General

The section and the title were revised. The citation to Tex. Bus. Orgs. Code §§ 101.601–.622 in the first paragraph was revised.

§ 21.3:2Notice of Limitations

The first paragraph was rewritten.

§ 21.3:3Other Series Issues

The second paragraph was rewritten.

§ 21.4Nonprofit LLC

Citations to the Tex. Bus. Orgs. Code were added to the third paragraph.

Changes to Forms—April 2019

Form 1-1Consent to Use of Similar Name (SOS Form 509)

The headnote about name availability on the first page was rewritten.

Form 1-6Certificate of Conversion of a Professional Association to a Professional Limited Liability Company (SOS Form 645)

The headnote about name availability on the first page was rewritten.

Form 1-7Information on Converting a Foreign Entity to a Texas Filing Entity (SOS Form 647)

The headnote about name availability on the first page was rewritten.

Form 1-11Certificate of Correction (SOS Form 403)

The headnote about name availability on the first page was rewritten.

Form 1-13Application for Registration of a Trade or Service Mark (SOS Form 901)

This form was added.

Form 1-14Renewal Application of a Trade or Service Mark (SOS Form 902)

This form was added.

Form 1-15Assignment of a Trade or Service Mark (SOS Form 903)

This form was added.

Form 1-16Transfer of Trademark Ownership/Change of Registrant’s Name and Request for New Certificate of Trademark Registration (SOS Form 904)

This form was added.

Form 1-17Business Filings & Trademark Fee Schedule (SOS Form 806)

This form was renumbered from Form 1-13.

Chapter 2Ownership

Form 2-1Certificate of Formation—For-Profit Corporation (SOS Form 201)

The headnote about name availability on the first page was rewritten.

Form 2-2Application for Registration of a Foreign For-Profit Corporation (SOS Form 301)

The headnote about name availability on the first page was rewritten.

Form 2-3Certificate of Amendment (SOS Form 424)

The headnote about name availability on the first page was rewritten.

Chapter 5Conversion

Form 5-1Certificate of Conversion of a Corporation Converting to a Limited Liability Company (SOS Form 632)

The headnote about name availability on the first page was rewritten.

Form 5-3Certificate of Conversion of a Corporation Converting to a Limited Partnership (SOS Form 633)

The headnote about name availability on the first page was rewritten.

Chapter 21Organizational Filings

Form 21-1 Certificate of Formation—Limited Liability Company (SOS Form 205)

The headnote about name availability on the first page was rewritten.

Form 21-2Certificate of Amendment (SOS Form 424)

The headnote about name availability on the first page was rewritten.

Form 21-8Application for Registration of a Foreign Limited Liability Company (SOS Form 304)

The headnote about name availability on the first page was rewritten.

Chapter 22Company Agreements

Form 22-1Single-Member Company Agreement

Section 2.1 was rewritten. The boxed instruction at the end of the form was deleted and Schedule 1 was added.

Form 22-2Member-Managed Company Agreement [Short Form]

Section 2.1 was rewritten. The boxed instruction at the end of the form was deleted and Schedule 1 was added.

Form 22-3Manager-Managed Company Agreement [Short Form]

Section 2.1 was rewritten. The boxed instruction at the end of the form was deleted and Schedule 1 was added.

Form 22-4Optional Provisions for Naming Partnership Representative

This form was added.

Form 22-5Member-Managed Company Agreement [Long Form]

Section 10.3 was rewritten.

Form 22-6Manager-Managed Company Agreement [Long Form]

Section 10.3 was rewritten.

Form 22-7Company Agreement of [name of limited liability company] [For Series LLC]

The boxed instruction at the end of the form was deleted and Schedule 1 was revised.

Chapter 23Conversion

Form 23-1Certificate of Conversion of a Limited Liability Company Converting to a Corporation (SOS Form 636)

The headnote about name availability on the first page was rewritten.

Form 23-2Certificate of Conversion of a Limited Liability Company Converting to a Limited Partnership (SOS Form 637)

The headnote about name availability on the first page was rewritten.