Sample Letter for Explanation as to Tardiness of Corporation Formation
Subject: Explanation for the Tardiness in Corporation Formation [Your Company's Name] [Your Company's Address] [City, State, Zip Code] [Phone Number] [Email Address] [Date] [Recipient's Name] [Recipient's Title] [Company's Name] [Company's Address] [City, State, Zip Code] Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to provide an explanation for the delayed formation of our corporation. There were unforeseen circumstances that caused this delay, and we sincerely apologize for any inconveniences caused. Houston, Texas, known as the "Space City" and the fourth-largest city in the United States, has always been at the forefront of economic growth, innovation, and business opportunities. Considering its favorable business climate, diverse talent pool, and strategic location, we decided to establish our corporation in this vibrant and thriving city. However, through market research and consultations with legal advisors and industry experts, we discovered that the process of forming a corporation in Houston, Texas requires meticulous attention to detail and adherence to various legal and administrative procedures. These procedures include, but are not limited to: 1. Name Reservation: We had to ensure that our desired company name was available and register it with the Texas Secretary of State's office. 2. Articles of Incorporation: Submission of the Articles of Incorporation, which outline the company's purpose, registered agent details, stock structure, and other key information. 3. Bylaws: The meticulous drafting and approval of the corporation's bylaws, which serve as the internal operating rules and guidelines for the company. 4. Registered Agent: Appointing a qualified registered agent, who acts as the point of contact for legal notifications and service of process. 5. Tax and Licensing Obligations: We needed to fulfill all state and local tax obligations, acquire necessary permits and licenses, and ensure compliance with all relevant regulations. Despite our diligence and commitment to completing these processes in a timely manner, unforeseen circumstances arose, leading to unavoidable delays. These circumstances include but are not limited to: — Extended processing times at the Texas Secretary of State, resulting in longer wait times for document approval and official certificates required for corporation formation. — Unexpected changes in legal and compliance requirements made by the state authorities, necessitating additional reviews and modifications to our documentation. — The outbreak of the coronavirus pandemic and its subsequent impact on government offices and services, resulting in reduced staff and extended processing times. We assure you that we have taken proactive steps to expedite the completion of these formalities, including engaging legal professionals and increasing our internal resources dedicated to this process. We understand and value the importance of timely corporation formation and are committed to resolving this issue as soon as possible. Once again, we apologize for any inconvenience caused by the delay, and we appreciate your understanding and patience. If you have any questions or require further information regarding the progress of our corporation formation, we kindly request that you reach out to our dedicated point of contact, [Contact Person's Name]. They can be reached via phone at [Contact Person's Phone Number] or email at [Contact Person's Email Address]. Thank you for your support and cooperation. We look forward to the formation of our corporation in the near future and the opportunity to contribute to the growing business ecosystem in Houston, Texas. Sincerely, [Your Name] [Your Title] [Your Company's Name]
Subject: Explanation for the Tardiness in Corporation Formation [Your Company's Name] [Your Company's Address] [City, State, Zip Code] [Phone Number] [Email Address] [Date] [Recipient's Name] [Recipient's Title] [Company's Name] [Company's Address] [City, State, Zip Code] Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to provide an explanation for the delayed formation of our corporation. There were unforeseen circumstances that caused this delay, and we sincerely apologize for any inconveniences caused. Houston, Texas, known as the "Space City" and the fourth-largest city in the United States, has always been at the forefront of economic growth, innovation, and business opportunities. Considering its favorable business climate, diverse talent pool, and strategic location, we decided to establish our corporation in this vibrant and thriving city. However, through market research and consultations with legal advisors and industry experts, we discovered that the process of forming a corporation in Houston, Texas requires meticulous attention to detail and adherence to various legal and administrative procedures. These procedures include, but are not limited to: 1. Name Reservation: We had to ensure that our desired company name was available and register it with the Texas Secretary of State's office. 2. Articles of Incorporation: Submission of the Articles of Incorporation, which outline the company's purpose, registered agent details, stock structure, and other key information. 3. Bylaws: The meticulous drafting and approval of the corporation's bylaws, which serve as the internal operating rules and guidelines for the company. 4. Registered Agent: Appointing a qualified registered agent, who acts as the point of contact for legal notifications and service of process. 5. Tax and Licensing Obligations: We needed to fulfill all state and local tax obligations, acquire necessary permits and licenses, and ensure compliance with all relevant regulations. Despite our diligence and commitment to completing these processes in a timely manner, unforeseen circumstances arose, leading to unavoidable delays. These circumstances include but are not limited to: — Extended processing times at the Texas Secretary of State, resulting in longer wait times for document approval and official certificates required for corporation formation. — Unexpected changes in legal and compliance requirements made by the state authorities, necessitating additional reviews and modifications to our documentation. — The outbreak of the coronavirus pandemic and its subsequent impact on government offices and services, resulting in reduced staff and extended processing times. We assure you that we have taken proactive steps to expedite the completion of these formalities, including engaging legal professionals and increasing our internal resources dedicated to this process. We understand and value the importance of timely corporation formation and are committed to resolving this issue as soon as possible. Once again, we apologize for any inconvenience caused by the delay, and we appreciate your understanding and patience. If you have any questions or require further information regarding the progress of our corporation formation, we kindly request that you reach out to our dedicated point of contact, [Contact Person's Name]. They can be reached via phone at [Contact Person's Phone Number] or email at [Contact Person's Email Address]. Thank you for your support and cooperation. We look forward to the formation of our corporation in the near future and the opportunity to contribute to the growing business ecosystem in Houston, Texas. Sincerely, [Your Name] [Your Title] [Your Company's Name]