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Drafting the Plan of Conversion The plan of conversion should include the new entity's name and place of formation and the old entity's name. It should also include a statement that the LLC is continuing to exist as the corporation or vice versa.
Converted-Out: The business entity converted to another type of business entity or to the same type under a different jurisdiction as provided by statute. The name of the new entity can be obtained by ordering a copy of the filed conversion document containing the name of the new entity, or by ordering a status report.
Converting your CC into a company will enable you to invite other parties to invest as shareholders in your business. All members of the CC must sign a letter agreeing to convert the CC into a company and become shareholders in the company. If you want to change the CC name, you must reserve a name.
Statement of Conversion for Foreign Entity The foreign entity is authorized to effect the conversion by the laws under which it is formed, and it has approved a plan of conversion or other instrument to effect the conversion as required by the laws under which it is formed.
The Certificate of Conversion, also known as the Articles or Statement of Conversion, is the document that officially puts your business entity conversion into effect. This conversion document includes basic information about both your converting and converted entities.