Hello, Matt. I recently filed for my brand new LLC company and I work with one of my friends, I accidentally thought that as a member of managing, because it is my company, I did not have to add my own either, but apparently it is false. Now I have an LLC that introduces me as a registrar and my friend as an executive member. How do I add myself as an executive member? Do I use a company agreement and use both of our names? The bank would not allow me to open an account because it is the only executive member. The newcomer screwed up at my end. A company agreement can also be called an affiliation agreement. I can`t thank you enough for providing your expertise and providing this free and simple business agreement. statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#D statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#E statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#F statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.052 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.053 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.054 statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.055 A company of Texas LLC is a legal document that can be used by companies of any size that want to define company procedures and policies, among other fundamental and detailed aspects of the company. While the document is not a state requirement to do business within the state of Texas, all members/owners who set up businesses should carefully consider the placement of the document. Completing this form provides protection to all members and owners who contribute to businesses and manage business members. In the absence of the presentation of the document, the members/owners would be held financially liable in the event that the company was confronted with any type of disputed activity, in order to satisfy all legal rights if the courts decided in favour of the applicant. The implementation of the document protects the personal property and financial accounts of members and/or owners. The company remains responsible for the satisfaction of complaints.
A corporate agreement is a regulatory document for a Texas LLC that describes the administrative structure and operating policies of the business as well as the responsibilities of the members. Although the Texas LLC Corporate Agreement is not prescribed by state law (PDF version), it is highly recommended by legal professionals, especially if there are partners (also known as «multi-member LLC») or other owners within the company. . . .