Alabama Conversion of a Domestic Entity — Limited Liability Limited Partnership to Limited Liability Company is a process whereby a Limited Liability Limited Partnership (LL LP) converts to a Limited Liability Company (LLC). This conversion requires the filing of a Certificate of Conversion with the Alabama Secretary of State, along with certain documents and fees. This conversion allows for the transfer of all the assets and liabilities of the LL LP to the LLC, while preserving the limited liability of the partners. There are two types of Alabama Conversion of a Domestic Entity — Limited Liability Limited Partnership to Limited Liability Company: 1. Standard Conversion: Under a standard conversion, the LL LP assets and liabilities are transferred to the LLC and the LL LP is dissolved. 2. Merger Conversion: Under a merger conversion, the LL LP and LLC merge together, with the LLC being the surviving entity and the LL LP being dissolved.
Alabama Conversion of a Domestic Entity - Limited Liability Limited Partnership to Limited Liability Company
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