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Instructions for Completing the Articles of Incorporation with Statement of Conversion California Limited Liability Company to a California Stock Corporation (Form CONV LLCGS) A California limited.

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How to fill out the Form Conv Llc Gs online

Filling out the Form Conv Llc Gs is a crucial step for a California limited liability company converting to a California stock corporation. This guide provides a clear, step-by-step approach to ensure a smooth and accurate submission.

Follow the steps to complete the form effectively.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Enter the proposed name of the converted corporation as it will appear on the records. Ensure the name meets legal requirements for corporation names.
  3. Provide the complete initial street address of the converted corporation, including all necessary details for city, state, and zip code.
  4. If there is a different mailing address, provide it as instructed. This can include a P.O. Box or a 'in care of' address.
  5. Designate an Agent for Service of Process. Choose either an individual residing in California or a registered corporate agent. Complete the relevant items based on your choice.
  6. If designating an individual, provide their complete name and physical address. If a corporate agent is selected, provide the exact name as registered.
  7. Indicate the number of shares the corporation is authorized to issue, ensuring it is at least one share and denotes a single class of shares.
  8. Complete the purpose statement as it details the lawful activities the corporation may engage in.
  9. Enter the full name of the existing California limited liability company that is converting and provide the 12-digit Entity (File) Number.
  10. Include the required conversion statement in the form as directed.
  11. Gather signatures from all members or managers as per the management structure of the LLC. Attach additional signatures if necessary.
  12. Review the form for accuracy and completeness and then finalize your submission. You can save changes, download, print, or share the form.

Complete and submit your Form Conv Llc Gs online to ensure a successful conversion process.

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File a Certificate of Conversion (Form CONV-1A (PDF)) online at bizfileOnline.sos.ca.gov, by mail, or in person; The filing fee is $150 if a California Corp is involved; and $30 for all others.

Generally, businesses need a new EIN when their ownership or structure has changed.

There's no need to form a new corporation and dissolve the LLC. The statutory conversion process is relatively simple: you file a certificate of conversion and other required documents with the state and pay a filing fee.

Every LLC that is doing business or organized in California must pay an annual tax of $800. This yearly tax will be due, even if you are not conducting business, until you cancel your LLC. You have until the 15th day of the 4th month from the date you file with the SOS to pay your first-year annual tax.

The C corporation is subject to double taxation — the company is taxed on its corporate profits and the company owners are taxed on any dividends they receive. Converting from LLC to C corp is similar to converting an LLC to an S corp.

Unlike an S-Corporation which is limited to 100 shareholders, an LLC taxed as a C-Corporation is allowed to have an unlimited number of shareholders. This is beneficial for companies looking to raise money and/or go public.

You should convert LLC to a C Corp when considering share options as incentives for employees or when there is a need to raise capital.

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