Indiana 49463- Articles of Merger (Limited Liability) is a document that is required by the Indiana Secretary of State in order for two limited liability companies to merge. This document must be signed by an authorized officer, director, or manager of each of the merging companies and must include the name and registered office of each of the companies, the name of the surviving company, the address of the surviving company, and a statement that the surviving company will assume all the liabilities and obligations of the merging companies. The document must also be accompanied by a Certificate of Merger, a copy of the Articles of Organization of the surviving company, and a filing fee. There are two types of Indiana 49463- Articles of Merger (Limited Liability): Articles of Merger of Non-Profits and Articles of Merger of For-Profits.
Indiana 49463- Articles of Merger (Limited Liability)
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FAQ
The statutory default is that all of an LLC's members must approve a merger. A less than unanimous vote may be authorized by the articles of organization or a written operating agreement. If unanimity is not required in connection with a merger, dissenters' rights become an issue.
Conversions are a single entity transaction, unlike mergers, which involve at least two entities. The entity which wants to change is called the old or converting entity. The new entity is called the converted or resulting entity.
To change your business name, or to change your formation documents, you will need to file Articles of Amendment through INBiz. To change the principal address of your business, you will need to file a Change of Principal Office Address through INBiz.
To amend your initial Articles of Organization for an Indiana LLC, you'll need to file Articles of Amendment with the Indiana Secretary of State, Business Services Division. In addition, you must pay the $30 paper filing fee or $20 online filing fee, depending on how you choose to submit your form.
Mergers combine two separate businesses into a single new legal entity. True mergers are uncommon because it's rare for two equal companies to mutually benefit from combining resources and staff, including their CEOs. Unlike mergers, acquisitions do not result in the formation of a new company.
LLC mergers An LLC may merge with or into another domestic or foreign LLC. This is known as a ?like-entity? or ?same-entity? merger. An LLC may also merge with or into another type of business entity. This transaction is known by several names, including a ?cross-entity? or ?multi-entity? merger.
Obtaining Approval to Merge 2 LLCs The LLC members need to hold a vote on this merger. If there's a domestic LLC, every member needs to approve it unless the operating agreement says otherwise. As an example, a domestic LLC may need a 75-percent positive vote from its members in order for the merger to be approved.
Business Entity Reports must be filed biennially along with a $30.00 filing fee ($22.44 for online filing) for for-profit entities. Business Entity Reports must be filed annually with a $10 filing fee ($7.14 for online filing) for nonprofit entities.