What is Conversion
What is Conversion?

BUSINESS SERVICES


AlertSite is a leading provider of web site monitoring and performance management solutions that help businesses ensure
          optimum web experiences for their customers.
All Business Documents, Inc., Business Services - General, San Francisco, CA

What is Conversion?

Each state recognizes a few different legal types of businesses. These include Corporations, Limited Liability Companies (LLC), General Partnerships (GP), Limited Partnerships (LP) and Limited Liability Partnerships (LLP). Some states may recognize other business types but these are the most common.

Each type of business has its own set of state laws for that specific business type. The type of business chosen when a business is first started depends on many factors, These include the nature of the specific business activity in which the new company will partake and, probably most importantly, tax considerations of the owners - shareholders for Corporations, Members for LLCs and Partners for GPs, LPs and LLPs.

After a business has been in operation for a while, the people responsible for making operational business decisions may determine that it is more advantageous for the company to be subject to a different set of business laws. For example, the Board of Directors of a Corporation may determine that it would be more advantageous to be subject to the laws and taxes of a LLC. Or the Partners in a LP may find advantages in changing their business structure to a LLC or Corporation.

Conversion refers to the changing of a company from one business structure to another. Some states also allow a legal procedure called a Merger. When two companies are merged into one, one of the companies has to be legally closed. This usually involves legally dissolving one of the businesses with the Secretary of State. Conversion is usually an easier and cheaper process than Merging companies because you do not have to form a new company before the Conversion can be completed.

All states have restrictions on business types and exactly how they can be Merged or Converted.
CORPORATE GLOSSARY
 
Administrative Dissolution
Agent for Service of Process
Apostille
Apportionment
Articles of Incorporation
Articles of Organization
Assumed Name
At Will LLC
Authorized Shares
B Corporation
Benefit Corporation
Board of Directors
Business Dissolution
Business Entity
Bylaws
Certificate of Existence
Certificate of Status
Certified Copy
Close Corporation
Common Stock
Conversion
Corporate Bylaws
Corporate Name Reservation
Corporate Stock
DBA
Disregarded Entity
Dividends
ESOP
Excise Tax
Federal Tax ID
Ficticious Name
Foreign Qualification
Franchise Tax
General Partnership
Good Standing Certificate
Incorporator
Involuntary Dissolution
IRS Form 966
ITIN
Limited Liability Company
Limited Partnership
Liquidation
LLC
LP
Majority Shareholder
Meetings
Merger
Nexus
Non-Stock Corporation
Nonprofit Corporation
Obligated Member LLC
Organizer
Paid-in Capital
Paid-in Surplus
Par Value
Personal Service Corporation
Preferred Stock
Privilege Tax
Professional Corporation
Professional Service
Proxy
Registered Agent
Registered Office
Reporting Requirements
Revocation
S Corporation
Series LLC
Service Mark
Shareholder
Sole Proprietor
Stated Capital
Statutory Agent
Stock Certificate
Term LLC
Trade Name
Trademark
Trust
Trustee
Winding Up
All Business Documents, Inc. is not a lawyer or an accountant and provides only document filing and retrieval services under your supervision.
All content and design copyright © 2003- All Business Documents, Inc. All Rights Reserved.
Privacy Policy Site Map Contact us