Form 638 Certificate of Conversion of a Limited Liability Company Converting to a Real Estate Investment Trust - Texas

What Is Form 638?

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 638 Certificate of Conversion?
A: Form 638 Certificate of Conversion is a legal document used when a limited liability company (LLC) in Texas is converting to a real estate investment trust (REIT).

Q: Why would an LLC want to convert to a REIT?
A: LLCs may choose to convert to a REIT to take advantage of certain tax benefits and investment opportunities available to REITs.

Q: What is a Real Estate Investment Trust (REIT)?
A: A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate. REITs are required to distribute a significant portion of their income to shareholders.

Q: What is the purpose of the Form 638 in Texas?
A: The purpose of the Form 638 in Texas is to document the conversion of an LLC to a REIT and provide the necessary information to the Texas Secretary of State.

Q: Who needs to file the Form 638 Certificate of Conversion?
A: The LLC that is converting to a REIT needs to file the Form 638 Certificate of Conversion with the Texas Secretary of State.

Q: What information is required on the Form 638?
A: The Form 638 requires information such as the name of the LLC, the new name of the REIT, the purpose of the conversion, and the effective date of the conversion.

Q: Are there any fees associated with filing the Form 638?
A: Yes, there are filing fees associated with submitting the Form 638. The fees can vary, so it's best to check with the Texas Secretary of State for the current fee schedule.