Conversions
As your business grows you may come to the realization that the structure needs to change. Whether it is an LLC that needs to convert to a Corp or vice versa. We can file the in the appropriate states that will allow this change. Since our reach is nationwide, we’re aware that some state do not allow conversions so we’ll need to dissolve and refile to what the structure needs to be.
What is a Corporate Conversion?
As a company grows, business decision makers may discover that the original articles of incorporation no longer suit the needs of the organization. The company may have grown beyond the scope that was initially envisioned, and it might be evident that a different corporate structure would better meet the developing needs of the company.
One option to form a new company is to dissolve the old one and form a brand new company in the preferred entity structure. However, this method is basically a start over, and the company loses its original formation date, tax ID number, and other essentials.
A second, and perhaps better, option is corporate conversion. A conversion is a formal way to legally change an entity’s legal status and business type.
Why would a company consider an Corporate Conversion?
- Tax purposes and benefits
- Raising money from new investors
- Institution of a more formal management structure
- Allow for more ownership
- Avoid various formalities associated with a corporation structure.
Examples of a Corporate Conversion Include:
- LLC to Corporation
- Corporation to LLC
- Limited Partnership to Corporation
Corporate conversion varies by state. Some states allow all types of conversions, while some allow only certain types, and even some that don’t allow conversion at all.
For example, the state of Michigan does permit corporate conversion. Conversely, other states do not allow entity conversion, and those companies must start over with the new, preferred entity structure.
How can DoMyLLC help you?
DoMyLLC can assist your company with conversion of:
- LLC to Corporation
- Corporation to LLC
- Limited Partnership to LLC
- Limited Partnership to Corporation
Determining which states do and do not allow for conversions and the necessary steps and paperwork that goes into filing is time-consuming and often confusing. That’s why the experienced team at DoMyLLC is here to help and offer our expertise, so you can focus on running your business while we worry about the details.
We make sure your conversion is done quickly and accurately which allows for accelerated growth and future development.
DoMyLLC proudly offers:
- 100% customer satisfaction
- Personalized service – we want to understand you, your company, what drives it, and what you need to succeed.
- Live support online or over the phone
- Competitive pricing
- Price match guarantee
Our simple, two-step process makes entity conversion a breeze.
- Place your order and submit all required documents.
- Review the documents for accuracy and sign them.
Our team of skilled experts handles the rest for you. We file for conversion in the applicable state and pay any fees required along the way.
Once successfully completed, you’ll receive an email with electronic copies of the document, and we’ll also send hard copies via FedEx to place in your company records.
Hassle Free Process
Converting your company from one structure to another can be accomplished with our simple and effective two-step process. To begin, simply place your order and submit all required documents. Next, review the documents for accuracy and sign them. Everything else is handled by our team of skilled business experts. We take care of filing for conversion in the applicable state as well as paying any fees required along the way. Once the conversion filing has been successfully completed you will receive an email with electronic copies of the document.
We will also send paper copies via FedEx to place in your company records.Start the conversion process today and give your company the resources required for meaningful growth.
Place your order online or request a quote. If you would like to speak with an associate at DoMyLLC, simply call 888-366-9552 to speak with a DoMyLLC associate, or