Entity Conversion in Tennessee
Entity Conversion in Tennessee
Conversion of LLC into Corporation
LLC-to-Corporation conversions are permitted under Tennessee law.
Conversion of Corporation into LLC
Corporation-to-LLC conversions are permitted under Tennessee law.
Process of Conversion
Prior to filing the necessary conversion documents with Tennessee Secretary of State, the company needs to hold a meeting of members (LLC) or directors and shareholders (corporation) and officially approve the conversion.
Next, conversion documents are filed with Tennessee Secretary of State, which reviews them, and if everything complies with the laws and requirement, approves them and returns filed copies. In Tennessee these documents would be Certificate of Conversion and a Corporation Charter (for LLC-to-corporation conversion), or Articles of Organization (for corporation-to-LLC conversion).
After conversion was approved by the state, a few additional steps are necessary to be made in order to complete the process, such as adopting bylaws for resulting corporation (operating agreement for LLC), holding initial meetings, issuing stock certificates etc.
Finally, after the process of conversion is completed it is important to properly adjust company’s tax designation by the IRS, which is done by filing appropriate IRS form (Form 8832 or Form 2553, depending on situation). NOTE: It is important to discuss tax implications of conversion with your tax advisor prior to initiating the conversion.
Ready to Order?
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 Your Entity Conversion in Tennessee?
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.
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.
Get a U.S. phone number for your business via MoreMins!
MoreMins is a UK-based digital mobile operator offering:
– Virtual phone numbers of different countries
– Low-cost international calls and SMS
– Cheap eSIM data for international traveling
BUILD your Online Presence for Success!
Starting a new business? Let us use our decades of proven digital marketing expertise to help you create a successful online presence, a custom quality website, with online marketing you can trust.
We provide effective and proven, PPC, SEO, Email and Social Media advertising. No hidden fees, plus ongoing access to the team so you’re never in the dark.
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.
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.
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!
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.