Delaware Law allows for the conversion of one entity type to another entity type, including a Non-Delaware entity to a Delaware entity. A conversion means the continuance of an entity into another entity.
There are many reasons why companies choose to change their type of entity. For example: the conversion of a Delaware LLC to a Corporation to seek venture capital, or take advantage of specific tax benefits. Other companies choose to maintain the same type of entity and convert their State entity to one in Delaware. Whatever the reason we can assist with the conversion process.
We start by asking about your current entity and research the conversion requirements, and then prepare an invoice detailing all the state fees. We prepare the conversion document for your signature, and then prepare the new Delaware formation certificate for submission to the Delaware Division of Corporations. Once the state approves the filing we send the official documents to you. State expedited processing is available. Certified copies of all documents are available, along with a new Good Standing Certificate.
With most conversions your new entity may continue with the same Employer Identification Number (EIN), however the IRS has a few exceptions. It would be wise to check with your tax professional.
Our fee to perform a conversion is – $225 + State of Delaware filing fees. (State filing fees vary depending on the type of entity conversion.)