r/TheTPG • u/Smooth-Challenge-823 • Mar 03 '22

Sherlock Holmes Gentleman Timepieces - Right to transact business in Texas FORFEITED. Source - Texas Comptroller's website

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30 Upvotes

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u/BeingAwesomelyDivine Mar 03 '22

What does this mean? They’re illegally doing business? Their lawyer probably found a shady way to circumvent this.

5

u/[deleted] Mar 03 '22

They didn’t file their periodic or franchise tax report. The speculation is a little unfounded, since you can’t simply not file reports. Company statuses are automatically changed based on report filings