What is Texas's statement of fact or event?
In the initial stages, Texas businesses are obliged to obtain a certificate of fact or event. There is an option to make some business documents effective upon the happening of a particular event. IIC certification of formation is the most common example among them.
When do I need to file a Statement of Fact from Texas?
Simply put, you need to obtain IIC certification of formation once your facts become realistic on the ground or upon the happening of a particular event. Specifically, you can set a fact that you won’t take an affidavit of fact in Texas or make it effective only when your members have raised a sum of $99,900.
Now suppose, your members reached the set fact or limit! It’s the time when you will be required to file a statement of event or fact with Texas to make your LLC active.
Instructions for filling out the Texas statement of fact or event form
It’s very simple! No technical knowledge is required to file a Texas statement of facts. Follow the guide step by step:
- Information of organization: Just pen down the name of your company along with its file number in one place to be filled in the requisite form.
- Previous fillings: Keep the filling instruments in one place and list the documents that your entity has previously filed.
- Confirm the event: Cross-check and list the date and time of the event when it occurred or became true.
- Execute the document: After keeping all the requisitions in one place, sign the document and file it with the date after paying the stated fee.
Not that, you will have to submit this document in duplicate to the secretary of state or mail it.
What is the consequence if I don’t file a statement of fact or event from Texas?
All your previous fillings will be quashed! Yes, The Secretary of State will not process your documents – if the statement or affidavit of event or fact is not sent to the Secretary of State within 90 days. And ultimately, the status will not be activated or effective.