Maine Articles of Entity Conversion is a legal document that allows an existing entity, such as a partnership, corporation, limited liability company (LLC) or other business organization, to convert into a different entity type. This document is filed with the Maine Secretary of State and is used to convert a business from one type of organizational structure to another. There are two types of Maine Articles of Entity Conversion: conversion of a domestic entity into a foreign entity and conversion of a foreign entity into a domestic entity. When converting from one entity type to another, the entity is required to provide information on the existing entity, the type of entity it is converting to, and the name of the new entity. The Articles of Entity Conversion must also include the signature of an authorized person, such as the registered agent or manager of the existing entity.
Maine Articles of Entity Conversion
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How to fill out Maine Articles Of Entity Conversion?
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Online: Go to their website under online services and follow the instructions provided on the interactive corporate services page to search and print a certified copy. A list of all filings for the Maine Corporation is provided. If the document is older it may not be available for online printing.
The Certificate of Conversion, also known as the Articles or Statement of Conversion, is the document that officially puts your business entity conversion into effect. This conversion document includes basic information about both your converting and converted entities.
Nonprofit articles of incorporation is the document filed to create a Maine nonprofit corporation. Preparing and filing your articles of incorporation is the first step in starting your nonprofit corporation. Approval of this document secures your corporate name and creates the legal entity of the nonprofit.
Depending on the state in which the business is incorporated, unanimous agreement from all the shareholders may be required to change the articles of incorporation. Most states have changed this older, common law rule, and now only require a majority of shareholders to agree to change the articles of incorporation.
The articles of incorporation may be amended by written consent of all members entitled to vote on such amendment, as provided by section 606. If such unanimous written consent is given, no resolution of the board of directors proposing the amendment is necessary. PL 1977, c. 525, §13 (NEW).
Articles of Amendment are filed when your business needs to add to, change or otherwise update the information you originally provided in your Articles of Incorporation or Articles of Organization.
This process of changing formal entity types is known as a ?conversion.? A conversion is a statutory transaction in which one type of business entity becomes a different type of business entity?such as an LLC becoming a Limited Partnership.
Statutory conversion ? In a conversion, a document is filed with the state filing office to change from one entity form to another. There is no need to form a new entity.