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PROCESSING FEE: $185 Delaware Law allows for the conversion of one entity type to another entity type.
Delaware's Conversion Statute All you need to do is complete a few simples forms and then file with the Secretary of State. This is what's referred to as "statutory conversion." After this process is complete, all of your assets and liabilities will be transferred to your new LLC.
As long as you retain the services of a Delaware Registered Agent, you can form a Delaware corporation, LLC, LP, benefit company or non-profit corporation without being a resident of Delaware or the United States.
First, you must fully dissolve the corporation. Then, you form a new LLC, and all assets are transferred to the new company before the transition is complete. You need to know the positives of converting a corporation to an LLC and the cost of changing from a corporation to know if it makes sense for your business.
Does Delaware allow statutory conversions? Yes, Delaware does allow statutory conversions. To convert from an LLC to a C corporation, you will need to file a Certificate of Conversion and a Certificate of Incorporation with the Delaware Division of Corporations.
A Certificate of Conversion is the document filed to effectively change from one entity type to another with Delaware's Division of Corporations. The filing must specifically state the following: The original LLC name. Date and State the LLC was first created.
The fee to file the Certificate of Conversion is $164.00 for a 1 page document. Please add $9 for each additional page. A Certificate of Incorporation is required to be filed simultaneously with the Certificate of Conversion. Enclosed for your convenience, please find a form for a Stock Certificate of Incorporation.