an existing general partnership, limited partnership and corporation may be converted to a limited liability company if which of the following requirements are met: a) an agreement of conversion is drafted that sets forth the terms of the conversion; b) the terms of the conversion are approved by all parties or by the number or percentage of owners required for the conversion; c) articles of organization of the new llc are filed with the secretary of state; d) all of the above.

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15-12-2022
Business

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an existing general partnership, limited partnership and corporation may be converted to a limited liability company if which of the following requirements are met: a) an agreement of conversion is drafted that sets forth the terms of the conversion; b) the terms of the conversion are approved by all parties or by the number or percentage of owners required for the conversion; c) articles of organization of the new llc are filed with the secretary of state; d) all of the above.

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contexto1220 contexto1220 · Answer 1 · 2022-12-23T19:41:30+01:00

all of the above requirements are met when an existing general partnership, limited partnership and corporation is converted to a limited liability company (LLC)

The plan of conversion is a comparatively simple statement of essential aspects of the conversion; according to the statutory provisions, it must state:

the conversion's terms and conditions

the jurisdiction in which your corporation was formed and the jurisdiction in which your LLC will be established (here we assume both will be California)

one's new LLC's name

the method of converting your corporate shares into LLC membership interests;

the provisions of one's new LLC's publications of the organization to which the LLC representatives will be obligated; and "any other information or requirements that are considered necessary by the laws under which the converted entity is arranged, or requirements that are desired by the converting corporation."

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