Business Form Conversions FAQs

 

Is an amendment different from a conversion?

Yes, filing to convert your corporation or LLC to another business type (conversion) is a different process from changing the number, par value, or type of authorized shares, or the number of directors (amendment).

Does converting a company have tax implications?

Yes, there may be significant tax consequences, both at the time of conversion and going forward. For example, if you convert a corporation to an LLC, both the corporation and its shareholders may be taxed. It’s best to consult an accountant or tax advisor for advice on your particular situation.

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