Kansas Conversion Agreement

State:
Multi-State
Control #:
US-EG-9501
Format:
Word; 
Rich Text
Instant download

Description

Conversion Agreement between MTI Technology Corporation, The Canopy Group, Inc. and Caldera Systems, Inc. regarding conversion of MTI shares and CGI shares to Series A Preferred Shares dated 00/00. 7 pages.
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FAQ

LLC taxed as an S corporation First, an LLC would need to elect to be taxed as a corporation by filing Form 8832, Entity Classification Election. After that, an LLC can then file a Form 2553, Election by a Small Business Corporation, to elect tax treatment as an S corporation. LLC electing S corporation tax status: An option you may not know you have wolterskluwer.com ? expert-insights ? llc-ele... wolterskluwer.com ? expert-insights ? llc-ele...

In general, the smaller, simpler, and more personally managed the business is, the more appropriate the LLC structure would be for the owner. If your business is larger and more complex, an S corporation structure would likely be more appropriate. LLC vs. S Corporation: What's the Difference? - Investopedia investopedia.com ? articles ? personal-finance investopedia.com ? articles ? personal-finance

To elect for S-Corp treatment, file Form 2553. You can make this election at the same time you file your taxes by filing Form 1120S, attaching Form 2533 and submitting along with your personal tax return. Can I Convert My LLC to an S-Corp When Filing My Tax Return? intuit.com ? tax-tips ? small-business-taxes intuit.com ? tax-tips ? small-business-taxes

The process of adding a member to a Kansas LLC may involve amending the company's articles of organization to include the new member. Depending on the terms in the agreement, current LLC members may need to vote on it for the amendment to pass.

To register a foreign LLC in Kansas, you must file an Application for Registration of Foreign Covered Entity with the Kansas Secretary of State. You can submit this document by mail, fax, or in person. The application costs $165 to file.

File Form 2553 to Turn Business into an S Corporation You can do it yourself on the IRS website or by using ZenBusiness's EIN filing service. Limited liability companies must first file Form 8832 to elect corporate taxation and then file Form 2553.

Step 1: Form an Eligible Entity Submit the form and $165 for the filing fee to the Kansas Secretary of State office in Topeka. To form a regular corporation, complete an Articles of Incorporation form and send it, along with $90 for the filing fee, to the Secretary of State office as well. Do-it-yourself Kansas S Corporation Kit scorporationsexplained.com ? doityourself_K... scorporationsexplained.com ? doityourself_K...

When an LLC completes a domestication to Kansas, it is no longer organized under its original state's law and instead is governed by the Kansas Revised Limited Liability Company Act. The LLC is still the same entity, but its legal home state?called its state of formation or its domicile?is now Kansas.

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Kansas Conversion Agreement