Conversion of a Domestic Entity - Limited Partnership to Limited Liability Company
Alabama Conversion of a Domestic Entity — Limited Partnership to Limited Liability Company is a business transition process in the state of Alabama, which allows a domestic limited partnership to be converted into a limited liability company (LLC). The conversion must be approved in accordance with the Alabama Business Entity Conversion Act and must be filed with the Alabama Secretary of State. The conversion process is fairly straightforward and involves filing the required documents and paying the applicable filing fees. The documents required for conversion include a Certificate of Conversion, Articles of Organization, and a Statement of Conversion. The Certificate of Conversion must include the name and address of the LLC, the name and address of the organizer, and the signature of the organizer. The Articles of Organization must include the name and address of the LLC, the registered agent’s name and address, the purpose of the LLC, the duration of the LLC, the name and address of each manager, and the signature of each manager. The Statement of Conversion must include the name and address of the limited partnership being converted, the name and address of the LLC, the date of the conversion, and the signature of the limited partnership's general partner. Once the documents are filed and the applicable fees are paid, the LLC will be officially formed. At this point, the LLC will assume all the rights and duties of the limited partnership. Types of Alabama Conversion of a Domestic Entity — Limited Partnership to Limited Liability Company: 1. Conversion with a Continuation of the Limited Partnership 2. Conversion Without a Continuation of the Limited Partnership.
Alabama Conversion of a Domestic Entity — Limited Partnership to Limited Liability Company is a business transition process in the state of Alabama, which allows a domestic limited partnership to be converted into a limited liability company (LLC). The conversion must be approved in accordance with the Alabama Business Entity Conversion Act and must be filed with the Alabama Secretary of State. The conversion process is fairly straightforward and involves filing the required documents and paying the applicable filing fees. The documents required for conversion include a Certificate of Conversion, Articles of Organization, and a Statement of Conversion. The Certificate of Conversion must include the name and address of the LLC, the name and address of the organizer, and the signature of the organizer. The Articles of Organization must include the name and address of the LLC, the registered agent’s name and address, the purpose of the LLC, the duration of the LLC, the name and address of each manager, and the signature of each manager. The Statement of Conversion must include the name and address of the limited partnership being converted, the name and address of the LLC, the date of the conversion, and the signature of the limited partnership's general partner. Once the documents are filed and the applicable fees are paid, the LLC will be officially formed. At this point, the LLC will assume all the rights and duties of the limited partnership. Types of Alabama Conversion of a Domestic Entity — Limited Partnership to Limited Liability Company: 1. Conversion with a Continuation of the Limited Partnership 2. Conversion Without a Continuation of the Limited Partnership.