New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.

How To Convert Your Company From One Type To Another

In some cases a company that was formed as one entity type (LLC, Corporation, etc.) reaches a point where it becomes necessary or preferable to change its type to a different entity type. Examples of such cases vary from LLCs looking to raise money from investors, who require shares of stock and more formal management structure, or corporations that due to tax or other reasons need to become LLC.

It is possible to dissolve the old company and form a new one, but this way the company looses it’s original formation date, and would need new tax ID, resign all existing contract, and so forth.

Conversion offers a convenient way of changing entity type without the need to start all company affairs from the scratch. Most states support conversion from LLC to Corporation and from corporation to LLC, while a few support only conversion to one entity type. A few states do not support conversions at all.

States That Support Some Conversions

ollowing states support conversion of Corporation to LLC only:

* Alaska corporation can only be converted to an LLC only if the corp is a subsidiary of another corporation

States That Do Not Support Conversion

Some states don’t support conversions at all:

  • Arizona
  • Missouri
  • New Jersey
  • Connecticut
  • Mississippi
  • New York
  • District of Columbia
  • Montana
  • Pennsylvania
  • Illinois
  • Nebraska
  • Vermont
  • Maryland
  • New Hampshire

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Ready to Order?

We will prepare and file your LLC application in a professional manner, all you need to do is complete our simple order form.

Please feel free to contact our representatives to guide you via chat or telephone at +1 (877) 330‑2677.

Our company offers professional business filing services that ensure your company documents and applications are accurately filed and in compliance.

Ready to Start Entity Conversion?

Business Banking
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An international business bank account for your company to send, spend and receive in different currencies, with the real commercial exchange rate. Do business without borders with Wise.

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Payment Processing Solutions
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At Slice, we change the way you get paid. Slice is a full service Merchant Services provider offering competitive payment processing solutions including a Zero Cost payment acceptance option. Regardless of the type of business you’re running, we will help you find the right payment processing solution.

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MoreMins
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Get a U.S. phone number for your business via MoreMins!

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– Virtual phone numbers of different countries
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Digital Marketing & Websites
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BUILD your Online Presence for Success!

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Payroll Processing
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Get the simple, powerful payroll you deserve.

Our firm recommends ADP because our clients get access to simple payroll and HR solutions that fit their business needs, backed by 24/7 expert support.

If interested, please click on the logo above and get in contact with the leading company in payroll processing.

Payroll Processing Solution

Business Insurance
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Gild Insurance is a nationally licensed, digital independent insurance agency serving the small commercial property and casualty market. Gild provides online quote-to-bind services, available 24/7/365 with the aid of Gildber, the first A.I. digital assistant focused on small business. Gild’s digital services offer the knowledge, personalization and trustworthiness of a local agent, available when business owners need it and how they want it.

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Business Financing
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At GP Solutions, we partner with Fortune 500 Financial Technology companies that have successfully helped businesses for over 16 years. We use advanced machine learning software that analyzes your overall personal and business credit profile.

The software creates financial strategies that will strengthen your personal and business credit profile.

Our strategies will help you get the capital funding you need!

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Web Hosting Services
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Get a Host that you can trust.

We recommend our clients to InMotion Hosting because they are an award-winning, reliable, and experienced Web Hosting Service provider.

Click on the logo above to receive access to discounts (up to 50%) for hosting services such as Business Hosting, VPS Hosting, Dedicated Servers, Reseller Hosting, and WordPress Hosting.

Web Hosting Service Solutions

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