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Re: Entangled Proton post# 15919

Monday, 05/16/2011 11:45:34 AM

Monday, May 16, 2011 11:45:34 AM

Post# of 38410
Admiral, Cassius - ok here ya go:
1. Look at the stock price and volume.
2. If Renfro renewed on time, why not Brazos since he's the listed agent on BOTH filings, you would think he would have completed both at the same time. I know I would.
3. Even if there is a ticker change it doesn't hurt to pay the couple of bucks to renew a simple filing.
4. was ANY of the following completed for Brazos?:
To obtain a certificate that is sufficient for dissolution, merger, or conversion, see Publication 98-336d, Requirements to Dissolve, Merge or Convert a Texas Entity.
5. If it's not renewed by now, which it is not, I virtually guarantee that it will not be renewed by 11:59

What the Account Status Terms Mean: http://www.window.state.tx.us/taxinfo/coasintr.html

"Temporary Good Standing" is the status granted all franchise tax accounts during our peak filing period to allow the Comptroller's office sufficient time to process all tax reports.

As tax reports are processed, "temporary good standing" will change to either "good standing" or "not in good standing".

"Good standing" means an entity has filed its franchise tax report so that a balance due was correctly computed, and that any amount computed to be due has been paid.

An entity can initially be in "good standing" even if there is an error on the Public Information Report, Ownership Information Report, Tiered Partnership Report, or Affiliate Schedule, or if one of these schedules is missing. This change allows time for the entity to resolve these filing errors, without negatively affecting the entity's ability to do business in Texas.

Be aware that an entity with a filing error will be considered in good standing, but still delinquent, until the filing error is resolved. We will promptly send the entity a notice describing the filing error. The entity may also receive a delinquent notice, as required by state law.

If the filing error is not resolved, the entity's right to transact business will be forfeited. At that point, the entity will be "not in good standing."

A Certificate of Account Status cannot be issued to an entity in Temporary Good Standing. Additionally, a Certificate of Account Status will not print from this site if the entity is missing data. You will be directed to contact us for assistance.

If you have an immediate need for a Certificate of Account Status for a private business transaction or to renew a license or permit, notify the specialist you are speaking with, or visit one of our local field offices with a copy of the report that you filed.