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A general partnership can be converted into a California stock corporation by filing Articles of Incorporation containing a statement of conversion. The attached sample meets the minimum statutory requirements for Articles of Incorporation containing a statement of conversion for a general stock corporation. (California Corporations Code commencing with sections 200, 1150 and 16901.) The sample may be used as a guide in preparing documents. Modifications can be made to add permissive provisions.

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How to fill out the 13a-arts-conv-gp-to-stk-corp-info-032014.doc online

This guide provides detailed instructions on how to accurately complete the 13a-arts-conv-gp-to-stk-corp-info-032014.doc form online. By following these step-by-step directions, you will ensure that your conversion from a general partnership to a stock corporation meets all necessary legal requirements.

Follow the steps to successfully complete the form online.

  1. Use the 'Get Form' button to obtain the document and open it in your internet browser.
  2. Begin by filling out Article I, providing the exact name of the converted corporation as you want it to appear on the records.
  3. In Article II, include the required statement as specified by the California Corporations Code. Ensure that it remains unchanged.
  4. For Article III, specify the name and street address of the initial agent for service of process. Avoid using abbreviations or P.O. Box addresses.
  5. Complete Article IV with the initial street address and mailing address of the converted corporation.
  6. In Article V, state the total number of shares the corporation will be authorized to issue.
  7. Include a statement of conversion in Article VI, as required by the California Corporations Code.
  8. Finish by signing the document under penalty of perjury, making sure at least two partners sign if applicable.
  9. Review all sections for accuracy and completeness before saving, downloading, or printing your completed form.

Take the next step in your business journey by completing your documents online today.

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General partnerships, LLCs and LLPs are normally taxed as partnerships under federal and state income tax laws. For this reason, the IRS allows conversions from partnerships to LLCs and LLPs without affecting the tax status of the entity.

For example, partnerships may convert to LLCs, if the partners unanimously adopt a plan of conversion. The plan can be a simple one page document as long as it includes the basic statutory requirements. Once the plan is approved, the partnership files Articles of Conversion with the Secretary of State's office.

Generally, businesses need a new EIN when their ownership or structure has changed. Although changing the name of your business does not require you to obtain a new EIN, you may wish to visit the Business Name Change page to find out what actions are required if you change the name of your business.

A certificate of conversion is an official document that confirms and verifies the transition or transformation of one business entity into another legal form. In addition, a certificate of conversion is generally used when a business wishes to revise its legal structure.

The general stock corporation is the most commonly formed type of corporation and it allows for unlimited shareholders. If you form a close corporation, you have to limit the number of shareholders you have and list that number in the articles (it cannot be more than 35 shareholders).

However, an LLC does have advantages over a partnership in that an LLC can also elect to be taxed as a corporation. Some LLC owners find that they can save money on taxes and boost their retirement savings by electing S corporation status. However, not all LLCs qualify to be taxed as S corporations.

“Conversion is the wrongful exercise of dominion over the property of another. The elements of a conversion claim are: (1) the plaintiff's ownership or right to possession of the property; (2) the defendant's conversion by a wrongful act or disposition of property rights; and (3) damages.” (Lee v. Hanley (2015) 61 Cal.

When an established partnership business is incorporated, that is turned into a limited company (nearly always a company limited by shares), the proper procedure is for the new limited company to be registered, a date chosen for the transfer of the business, and then for the partners to enter into a contract with the ...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232