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Alabama Conversion of a Domestic Entity - Limited Liability Partnership to Limited Liability Company

Category:
Alabama Secretary of State - Conversions
State:
Alabama
Control #:
AL-CONVERSIONS-019
Format:
PDF
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Description

Conversion of a Domestic Entity - Limited Liability Partnership to Limited Liability Company Alabama Conversion of a Domestic Entity — Limited Liability Partnership to Limited Liability Company is the process of changing the legal structure of a domestic Limited Liability Partnership (LLP) to a Limited Liability Company (LLC) in the state of Alabama. This conversion process is also referred to as a statutory conversion, entity conversion, type conversion, or entity reclassification. There are two types of Alabama Conversion of a Domestic Entity — Limited Liability Partnership to Limited Liability Company: 1. Domestic Entity Conversion: This type of conversion is for an existing Domestic LLP, registered in Alabama, to convert to a Domestic LLC. This process involves filing Articles of Conversion with the Alabama Secretary of State, updating the LLC's registered agent, and drafting new Operating Agreements and Operating Agreement Amendments. 2. Foreign Entity Conversion: This type of conversion is for an existing Foreign LLP, registered outside of Alabama, to convert to a Foreign LLC. This process involves filing an Application for Registration as a Foreign Entity with the Alabama Secretary of State, updating the LLC's registered agent, and drafting new Operating Agreements and Operating Agreement Amendments. In both cases, an attorney is required to complete the conversion process.

Alabama Conversion of a Domestic Entity — Limited Liability Partnership to Limited Liability Company is the process of changing the legal structure of a domestic Limited Liability Partnership (LLP) to a Limited Liability Company (LLC) in the state of Alabama. This conversion process is also referred to as a statutory conversion, entity conversion, type conversion, or entity reclassification. There are two types of Alabama Conversion of a Domestic Entity — Limited Liability Partnership to Limited Liability Company: 1. Domestic Entity Conversion: This type of conversion is for an existing Domestic LLP, registered in Alabama, to convert to a Domestic LLC. This process involves filing Articles of Conversion with the Alabama Secretary of State, updating the LLC's registered agent, and drafting new Operating Agreements and Operating Agreement Amendments. 2. Foreign Entity Conversion: This type of conversion is for an existing Foreign LLP, registered outside of Alabama, to convert to a Foreign LLC. This process involves filing an Application for Registration as a Foreign Entity with the Alabama Secretary of State, updating the LLC's registered agent, and drafting new Operating Agreements and Operating Agreement Amendments. In both cases, an attorney is required to complete the conversion process.

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Alabama Conversion of a Domestic Entity - Limited Liability Partnership to Limited Liability Company
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