Texas Senate Bill SB2160

Texas 2021 - 87th Regular

Caption

Relating to the filing of an assumed name certificate by certain business entities.

Impact

The bill impacts state laws by clarifying the requirements under which business entities must file assumed name certificates. By simplifying the filing locations and procedures, the legislation seeks to reduce administrative burdens on businesses, particularly for those operating in multiple counties or those that may be new to the filing process. This aligns with broader legislative efforts to foster a more business-friendly climate in Texas, potentially encouraging economic growth and investment in the state.

Summary

Senate Bill No. 2160, introduced by Senator Menéndez, aims to amend the Business and Commerce Code regarding the filing of assumed name certificates by certain business entities in Texas. The primary focus of this bill is to establish clearer guidelines for where these entities are to file their assumed name certificates, specifically emphasizing filings at the state level and outlining procedures for entities without a registered office in Texas. This change is designed to streamline the filing process and increase the efficiency with which businesses can register their names for public record.

Contention

Discussions around SB 2160 have pointed to the necessity of balancing regulatory efficiency against potential concerns from smaller businesses or entities unfamiliar with the filing requirements. While supporters argue that clearer guidelines will facilitate better compliance and reduce confusion, critics may raise concerns about the implications of diminishing local filing options or additional challenges for entities that do not maintain a physical presence in Texas. Thus, adequate education and resources may be needed to ensure a smooth transition to the new filing procedures if the bill is passed.