North Carolina Conversion Agreement
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How to fill out Conversion Agreement?
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FAQ
North Carolina's statutory conversion procedure can achieve either goal?either changing an LLC's entity type or changing its legal home state (i.e., its state of formation or domicile).
North Carolina law has no provisions for entity domestication. If you plan to move your company to North Carolina your can choose between qualifying your existing company as North Carolina Foreign Entity, or dissolving it in the original state of registration and forming a new company in North Carolina.
To convert an out-of-state LLC into a North Carolina LLC, you need to pay the following fee to the North Carolina Department of State along with the North Carolina articles of domestication: Articles of Domestication: $25. Articles of Organization: $125. Total to Domesticate and file: $150.
Steps to Convert an LLC to a Nonprofit Choose a Name for Your Nonprofit. Make sure that your name identifies with your charitable cause. ... Create a Business Plan. ... Assign a Board of Directors. ... File Articles of Incorporation. ... Transfer Assets. ... File for 501(c)(3) Status.
One way to relocate an LLC to another state is by keeping its registration in the old state while registering as a foreign LLC in the new state. To do this, you have to file an application with the new state's Secretary of State, along with the necessary fees, and appoint a registered agent in the new state.
North Carolina law has no provisions for entity domestication. If you plan to move your company to North Carolina your can choose between qualifying your existing company as North Carolina Foreign Entity, or dissolving it in the original state of registration and forming a new company in North Carolina.
The process of moving a corporation to North Carolina through domestic incorporation involves: Appoint a registered agent in North Carolina for service of process. Identify and reserve a business name using the Application to Reserve a Business Entity Name.
An Entity Already registered in another state or country must qualify to conduct business in North Carolina by filing an Application for a Certificate of Authority. A Certificate of Authority is the legal authorization which a foreign entity must obtain in order to be able to conduct its affairs in this state.