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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.
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.
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.
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.
Delaware uses the name domestication only for a similar transaction that officially moves an entity organized in another country to Delaware. Delaware's conversion process can also change a Delaware LLC into an out-of-state LLC.
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.
One or more corporations of Delaware can consolidate or merge with one or more limited liability companies in the state of Delaware or elsewhere in the United States.