Form 645 Certificate of Conversion of a Professional Association Converting to a Professional Limited Liability Company - Texas

What Is Form 645?

This is a legal form that was released by the Texas Secretary of State - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a Form 645 Certificate of Conversion?A: Form 645 Certificate of Conversion is a document used in Texas to convert a professional association into a professional limited liability company.

Q: Why would a professional association convert to a professional limited liability company?A: The conversion allows the professional association to limit the personal liability of its members and provides potential tax advantages.

Q: Who can file a Form 645 Certificate of Conversion?A: A professional association in Texas that meets the requirements for conversion can file Form 645.

Q: What information is required on Form 645?A: Form 645 requires information about the professional association, the new professional limited liability company, and the conversion process.

Q: What happens after filing Form 645?A: After filing Form 645, the Texas Secretary of State reviews the document and, if approved, issues a Certificate of Conversion.

Q: Is the conversion process immediate?A: No, it may take some time for the conversion process to be completed. The time frame can vary based on various factors.

Q: What are the responsibilities of a professional limited liability company?A: A professional limited liability company must comply with all applicable laws and regulations governing professional associations.

Q: Can a professional limited liability company have multiple members?A: Yes, a professional limited liability company can have multiple members who are licensed to practice the same profession.