Texas Business and Commerce Code 71.101 – Certificate for Incorporated Business or Profession, Limited Partnership, Limited Liability Partnership, Limited Liability Company, Registered Series, or Foreign Filing Entity
Current as of: 2024 | Check for updates
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Terms Used In Texas Business and Commerce Code 71.101
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A corporation, limited partnership, limited liability partnership, limited liability company, registered series of a limited liability company, or foreign filing entity must file a certificate under this subchapter if the registered series or entity:
(1) regularly conducts business or renders professional services in this state under an assumed name; or
(2) is required by law to use an assumed name in this state to conduct business or render professional services.