Texas Certificate of Merger Domestic Entity Divisional Merger
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How to fill out Texas Certificate Of Merger Domestic Entity Divisional Merger?
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FAQ
A divisional merger is a business agreement outlining a formal relationship between parties, while preserving the identity and best practices of the underlying individual businesses themselves.
Texas allows conversions from out-of-state (foreign) and domestic entities. This procedure, technically known as ?statutory conversion,? will automatically convert your current business and the business's assets and liability to the new entity.
The Texas divisive merger process is set out in Chapter 10 of the Texas Business Organizations Code, which describes the requirements of a plan of merger. Section 10.003 lays out the requirements when a plan of merger results in multiple entities?a so-called ?divisive? or ?divisional? merger.
10.001. ADOPTION OF PLAN OF MERGER. (a) A domestic entity may effect a merger by complying with the applicable provisions of this code. A merger must be set forth in a plan of merger.
The filing fees for a merger are $300 ($50 for nonprofit corporations and cooperatives) plus the filing fee for any new Texas filing entity created by the merger. For example: The filing fee for the merger of a Texas corporation that creates a new Texas limited partnership is $300 plus $750 for a total of $1050.