A Delaware Certificate of Conversion From Statutory Trust To Limited Liability Company is a legal document filed with the Delaware Secretary of State that converts a statutory trust to a Delaware limited liability company. The conversion of a trust to an LLC is a process whereby the Delaware statutory trust is terminated and its assets and liabilities are transferred to a new limited liability company. The Delaware Certificate of Conversion is used to record the conversion of the trust to an LLC and is used to officially dissolve the trust. There are two types of Delaware Certificate of Conversion From Statutory Trust To Limited Liability Company: a Certificate of Conversion from a Statutory Trust to a Delaware Limited Liability Company and a Certificate of Conversion from a Delaware Statutory Trust to a Series Limited Liability Company.
Delaware Certificate of Conversion From Statutory Trust To Limited Liability Company
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How to fill out Delaware Certificate Of Conversion From Statutory Trust To Limited Liability Company?
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FAQ
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.
PROCESSING FEE: $185 Delaware Law allows for the conversion of one entity type to another entity type.
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.
The Certificate of Formation is the document you receive from the state of Delaware once your LLC is filed and approved by the Delaware Secretary of State, Division of Corporations. The Delaware LLC Certificate of Formation is akin to a birth certificate for your newly-created Delaware LLC.
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.
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.