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Utah Articles/Statement of Conversion

Category:
Department of Commerce - Corporations Division - Corporation And DBA
State:
Utah
Control #:
UT-SKU-0057
Format:
PDF
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Description

Articles/Statement of Conversion
Utah Articles/Statement of Conversion is a legal document used to convert an entity from one type to another. The document is filed with the Utah Division of Corporations and Commercial Code to convert a business from one legal entity to another. It is used to convert an existing business from one form to another, such as from a corporation to a limited liability company (LLC) or from an LLC to a corporation. Types of Utah Articles/Statement of Conversion include conversion from a corporation to an LLC, from an LLC to a corporation, and from a nonprofit corporation to an LLC. The document must include the name of the converting entity, the jurisdiction where it is organized, the type of conversion, and the name of the entity after conversion. It must also be signed by an authorized representative of the converting entity.

Utah Articles/Statement of Conversion is a legal document used to convert an entity from one type to another. The document is filed with the Utah Division of Corporations and Commercial Code to convert a business from one legal entity to another. It is used to convert an existing business from one form to another, such as from a corporation to a limited liability company (LLC) or from an LLC to a corporation. Types of Utah Articles/Statement of Conversion include conversion from a corporation to an LLC, from an LLC to a corporation, and from a nonprofit corporation to an LLC. The document must include the name of the converting entity, the jurisdiction where it is organized, the type of conversion, and the name of the entity after conversion. It must also be signed by an authorized representative of the converting entity.

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FAQ

Is an operating agreement required in Utah? Utah doesn't specifically require LLCs to enter into an operating agreement. However, in the absence of one, your LLC will be governed by the Utah Revised Uniform Limited Liability Company Act.

To make amendments to your Utah Corporation, you must provide the completed Articles of Amendment to Articles of Incorporation (Profit) form, with the processing fee, to the Division of Corporations & Commercial Code by mail, fax or in person. If faxing your amendments, include the Fax Cover Letter.

Articles of Organization for your LLC are required in Utah. An LLC is organized by filing a Certificate of Organization.

All businesses in Utah are required by law to register with the Utah Department of Commerce either as a "DBA" (Doing Business As), corporation, limited liability company or limited partnership. Businesses are also required to obtain a business license from the city or county in which they are located.

Utah's Conversion Statute This procedure, technically known as "statutory conversion," automatically transfers your corporation's assets and liabilities to the new LLC. Unlike other methods of conversion, only one business entity is involved: you do not need to separately form an LLC before the conversion can occur.

AN OVERVIEW TO FORMING A LIMITED LIABILITY COMPANY A Limited Liability Company is formed in Utah by filing "Articles of Organization" with the Division of Corporations and Commercial Code of the Department of Commerce, with a processing fee of $50.00.

Can I form a single-member LLC in Utah? For most formation purposes, a Utah single-member LLC is considered the same as a multi-member LLC. The steps to form a single-member LLC in Utah are the same as those listed above. Single-member LLCs do have additional flexibility when it comes to filing a tax return.

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.

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Professional Corporation (Form CONV FE-PC) as follows:. See the table below for details on filing a conversion in Utah.Submit the completed form in duplicate along with the filing fee. A. The full text of the articles of incorporation of the resulting corporation as they will be in effect upon consummation of the conversion is attached hereto. Submit original completed paperwork and payment to: 302 West Washington Street, Room E-018, Indianapolis, IN 46204. The Conversion was approved in accordance with Section 205 of the Entity Omnibus Act. The formation document and fee for the Converted Entity must be attached. Delaware Law allows for the conversion of one entity type to another entity type. Current file number: 1. Get the corporation's shareholders to approve the conversion; and; file articles of conversion and articles of organization with the Department of Commerce.

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