Kentucky Agreement and Plan of Conversion -

State:
Multi-State
Control #:
US-CC-7-1224
Format:
Word; 
Rich Text
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Description

This sample form, a detailed Agreement and Plan of Conversion document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

Three ways to change from one form of entity to another are dissolution/formation, inter-entity merger, and statutory conversion. Dissolution/formation ? In this method, the original entity is dissolved and a new entity is formed.

Do you need a new EIN when converting LLC to C Corp? It depends on the type and method of conversion used. If a new corporation was formed due to a statutory merger, the corporation would need to apply for a new EIN.

A conversion is a filing that is made with the state of incorporation allowing a company to change from one business type to another.

Converted-Out: The business entity converted to another type of business entity or to the same type under a different jurisdiction as provided by statute. The name of the new entity can be obtained by ordering a copy of the filed conversion document containing the name of the new entity, or by ordering a status report.

Conversion of Status results when an employee's hours of work are amended to the extent that the position would fall within a different definition set out in Article 2.

An entity conversion is a filing that is made with the state of incorporation that allows a company to change from one business type to another.

Converting a C corp into an LLC can potentially help you gain access to certain tax benefits. LLCs are usually taxed more favorably than C Corps since their profits and losses can be passed through to the owners and members of the LLC, so they do not have to pay corporate taxes.

At minimum, a plan of conversion typically includes at least the following information: The converting entity's name. The converted entity's name. A statement of ?continuing existence? A statement of approval for the conversion.

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Kentucky Agreement and Plan of Conversion -