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Surviving entity means the entity that will remain in existence after the merger is complete. Domestic entity means an entity that is formed under the laws of Colorado.
You can convert your company to a Delaware entity. Established corporate laws that govern Delaware companies are incomparable to what is offered by any other state in the nation. The Delaware corporate court system is recognized as being one of the most established and efficient in the United States.
Incorporating in Delaware primarily benefits large corporations that are likely to take advantage of the state's friendly courts and other benefits. For small business owners, it's usually best to register your LLC in the state where you live to keep things simple and save money.
Texas conversion is a legal process that allows an LLC formed in another state to become a Texas LLC. An out-of-state LLC that completes a Texas LLC conversion is no longer governed by the law of its original state. It is governed by Texas law.
Delaware's Conversion Statute All you need to do is complete a few simples forms and then file with the Secretary of State. This is what's referred to as "statutory conversion." After this process is complete, all of your assets and liabilities will be transferred to your new LLC.
To convert your LLC, you'll need to prepare a certificate of conversion as well as a certificate of incorporation. (Unlike some other states, Delaware law doesn't explicitly require that you also create a so-called plan of conversion, which often provides more detail about the conversion process.)