District of Columbia Agreement and Plan of Conversion -
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How to fill out Agreement And Plan Of Conversion -?
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A brief overview of the condo conversion approval process in Washington, DC, is outlined below. DETERMINE ELIGIBILITY. Start by submitting an "Eligibility to Convert" application to the DHCD. ... SUBMIT PUBLIC OFFERING STATEMENT. Next, the Public Offering Statement (POS) is submitted to the DHCD. ... APPLY FOR DCRA RECORDATION.
An LLC domestication under District of Columbia law transfers an out-of-state LLC into the District or transfers an LLC formed in the District into another state. An LLC conversion under District of Columbia law changes an LLC into another entity type?such as a corporation?or changes another entity type into an LLC.
CONVERSION FEES The owner must make a Conversion Fee payment of 5% of each unit sales price to the DHCD within 30 business days of the settlement date (§ 42?3402.04 of the Code of District of Columbia).