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Converting to a Delaware C Corp Basics It's quick. It generally takes about two to three days for the state of Delaware to process the paperwork. It's pretty cheap. For instance, in Delaware, the filing fee for an LLC to C Corporation conversion usually costs less than $300.
What is a Delaware Limited Partnership? Delaware Limited Partnerships (DLPs) are a type of business entity in the United States. They are formed by filing a certificate of limited partnership with the Delaware Secretary of State. DLPs have two types of partners: general partners and limited partners.
Also known as articles of merger. A certificate evidencing the merger of two or more entities into one entity.
Domesticating in Delaware There is a special section of the Delaware Corporation Law that also allows businesses outside of the U.S. to domesticate in Delaware. Companies that want to domesticate in Delaware should complete the following steps: File a certificate of domestication.
Statutory conversions involve a much simpler process than mergers. Because Delaware recognizes LLC-to-corporation conversions, it's best to use the statutory conversion process laid out in Delaware's business laws.
You don't have to register your General Partnership with the Tennessee Secretary of State. It simply exists once you and your partners decide to go into business together and complete the steps above. You can file a Statement of Partnership Authority (Form SS-4514) with the Tennessee Secretary of State if you want.
Convert a Delaware Corporation to an LLC Step 1: Get Board Approval. A corporation is ruled by a board of directors,consisting of shareholders. ... Step 2: Draft LLC Operating Agreement. ... Step 3: Pay Corporate Franchise Tax. ... Step 4: Submit Formation Documents.
Filing fees for Delaware LLC to corporation conversion A one-page document of transfer can be filed for $164. A one-page registration costs $89 to file.