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51573- Articles of Entity Conversion: Conversion of An Indiana...

51573- Articles of Entity Conversion: Conversion of An Indiana Non-Corporation Business

Name: 51573- Articles of Entity Conversion: Conversion of An Indiana Non-Corporation Business
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.62 (325 reviews)

Category:

Indiana Secretary of State - Corporations - General

State:

Indiana

Control #:

IN-51573

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51573- Articles of Entity Conversion: Conversion of An Indiana Non-Corporation Business 51573- Articles of Entity Conversion: Conversion of An Indiana Non-Corporation Business is a legal document required by the State of Indiana for the conversion of an existing non-corporation business into a corporation. This document contains the Articles of Organization of the new corporation, the name and address of the converting non-corporation business, the conversion plan, a statement that the conversion is permissible under Indiana law, and other related information. There are two types of 51573- Articles of Entity Conversion: Conversion of an Indiana Non-Corporation Business: 1) Conversion of an Indiana LLC to an Indiana Corporation and 2) Conversion of an Indiana Sole Proprietorship to an Indiana Corporation.

51573- Articles of Entity Conversion: Conversion of An Indiana Non-Corporation Business is a legal document required by the State of Indiana for the conversion of an existing non-corporation business into a corporation. This document contains the Articles of Organization of the new corporation, the name and address of the converting non-corporation business, the conversion plan, a statement that the conversion is permissible under Indiana law, and other related information. There are two types of 51573- Articles of Entity Conversion: Conversion of an Indiana Non-Corporation Business: 1) Conversion of an Indiana LLC to an Indiana Corporation and 2) Conversion of an Indiana Sole Proprietorship to an Indiana Corporation.

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A business entity conversion, or change in business form, is the legal process of converting an existing business entity from one legal form into another. Most of the time, a business will change from a less complex structure like a partnership to a more complex structure like a limited liability company.

Statutory conversion ? In a conversion, a document is filed with the state filing office to change from one entity form to another. There is no need to form a new entity.

Advantages of Converting From a Corporation to an LLC In a corporation, you receive profits and losses in proportion to the number of shares you own. Members of an LLC divide profits in whatever way they choose. Losses and profits of an LLC do not have to be split among members based on their ownership.

Converted-Out: The business entity converted to another type of business entity or to the same type under a different jurisdiction as provided by statute. The name of the new entity can be obtained by ordering a copy of the filed conversion document containing the name of the new entity, or by ordering a status report.

The Certificate of Conversion, also known as the Articles or Statement of Conversion, is the document that officially puts your business entity conversion into effect. This conversion document includes basic information about both your converting and converted entities.

What is a business conversion? A conversion is a filing that is made with the state of incorporation allowing a company to change from one business type to another.

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CONVERSION OF AN INDIANA NON-CORPORATION. The undersigned, desiring to convert and entity's type of entity pursuant to the provisions of Indiana Code 23-0.6-4, executes the following Articles of. Articles Of Entity Conversion: Conversion Of An Indiana Non-Corporation Business Entity Into An Indiana Limited Partnership 51573. CONVERSION OF A NON-CORPORATION BUSINESS ENTITY. ARTICLES OF ENTITY CONVERSION: Conversion of a Corporation into a Limited Liability Company. State Form 51576(1-04). Pursuant to §55-2-02 and § 55-11A-03 of the General Statutes of North Carolina, the undersigned converting business entity. The complete executed plan of conversion is on file at the registered office or principal place of business of the resulting entity. The General Partner converted from a limited liability company to a corporation on September 21, 2010.

51573- Articles of Entity Conversion: Conversion of An Indiana Non-Corporation Business

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