Certificate Of Conversion Of A Corporation Converting To A Limited Liability Company {632} | Pdf Fpdf Doc Docx | Texas

Certificate Of Conversion Of A Corporation Converting To A Limited Liability Company {632}

Texas/Secretary Of State/Corporation/
Certificate Of Conversion Of A Corporation Converting To A Limited Liability Company {632} | Pdf Fpdf Doc Docx | Texas

Certificate Of Conversion Of A Corporation Converting To A Limited Liability Company Form

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This is a Texas form that can be used for Corporation within Secretary Of State.

Last updated: 8/9/2011

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Form 632--General Information (Certificate of Conversion of a Corporation Converting to a Limited Liability Company) The attached form is designed to meet minimal statutory filing requirements pursuant to the relevant code provisions. This form and the information provided are not substitutes for the advice and services of an attorney and tax specialist. Commentary A corporation may convert into a limited liability company by adopting a plan of conversion in accordance with section 10.101 of the Texas Business Organizations Code (BOC) and filing a certificate of conversion with the secretary of state in accordance with sections 10.154 and 10.155 of the BOC. As defined in section 1.002 of the BOC, conversion means the continuance of a Texas entity as a foreign entity of any type, the continuance of a foreign entity as a Texas entity of any type, or the continuance of a Texas entity of one type as a Texas entity of another type. As used in the BOC and in this form, "converting entity" means the entity that existed before the conversion; "converted entity" means the entity resulting from a conversion. This form should be used when a corporation is the converting entity and the converted entity is a limited liability company. Instructions for Form · Converting Entity Information: The certificate of conversion is filed by the converting entity and should set forth the legal name of the converting entity and its jurisdiction of organization as part of the certificate. It is recommended that the date of formation and file number, if any, assigned by the secretary of state be provided to facilitate processing of the document . Plan of Conversion/Alternative Statements: A plan of conversion conforming to the requirements of section 10.103 of the BOC should be attached to the certificate of conversion. As an alternative to attaching the complete plan of conversion, the converting entity may opt to certify and complete the alternative statements in the form. Converted Entity Name: If the converted entity is a Texas filing entity, the name of the converted entity will be checked for availability in accordance with section 5.053 of the BOC. If the converted entity name is the same as, deceptively similar to, or similar to the name of an existing domestic or foreign filing entity, or any name reservation or name registration filed with the secretary of state, the document cannot be filed. However, if the conflicting entity name is the name of the converting entity and the converting entity is currently in existence with the secretary of state, the converted entity name will be accepted irrespective of the conflict with the entity name in use by the converting entity. Certificate of Formation for the Converted Entity: The certificate of formation of the converted entity must be filed with the certificate of conversion if the converted entity is a Texas filing entity. If the plan of conversion is attached to the certificate of conversion, the certificate of formation should be included as part of the plan of conversion or as an exhibit to the plan. If the converting entity opts to set forth the alternative statements in lieu of providing the complete plan of conversion, the certificate of formation for the limited liability company must be attached to the certificate of conversion. · · · The certificate of formation of a limited liability company formed under a plan of conversion must include a statement to that effect. In addition, the certificate of formation must provide the 1 American LegalNet, Inc. www.FormsWorkFlow.com Form 632 name, address, date of formation, prior form of organization and the jurisdiction of formation of the converting entity. If the certificate of formation of the Texas limited liability company fails to comply with the requirements of sections 3.005 and 3.010 of the BOC, the certificate of conversion cannot be filed. If the converted entity is a foreign limited liability company, the foreign entity must register as a foreign filing entity under chapter 9 of the BOC before the transaction of any business in Texas. · Approval of the Plan of Conversion: The certificate of conversion must include a statement that the plan of conversion has been approved as required by (1) the laws of the jurisdiction of formation and (2) the governing documents of the converting entity. Section 21.453 of the BOC sets forth the requirements for approval of the plan of conversion by a Texas for-profit or professional corporation. A foreign entity that is the converting entity must comply with the laws of the jurisdiction of its formation. · Effectiveness of Filing: A certificate of conversion becomes effective when accepted and filed by the secretary of state (option A). However, pursuant to sections 4.052 and 4.053 of the BOC the effectiveness of the instrument may be delayed to a date not more than ninety (90) days from the date the instrument is signed (option B). The effectiveness of the instrument also may be delayed on the occurrence of a future event or fact, other than the passage of time (option C). If option C is selected, you must state the manner in which the event or fact will cause the instrument to take effect and the date of the 90th day after the date the instrument is signed. In order for the certificate to take effect under option C, the entity must, within ninety (90) days of the filing of the certificate, file a statement with the secretary of state regarding the event or fact pursuant to section 4.055 of the BOC. On the filing of a document with a delayed effective date or condition, the computer records of the secretary of state will be changed to show the filing of the document, the date of the filing, and the future date on which the document will be effective or evidence that the effectiveness was conditioned on the occurrence of a future event or fact. In addition, at the time of such filing, the status of a converting Texas filing entity will be shown as "conversion" and the status of a converted Texas filing entity will be shown as "in existence" on the records of the secretary of state. · Tax Certificate: When a Texas for-profit corporation, professional corporation, or a foreign corporation that has registered under chapter 9 of the BOC is the converting entity, the certificate of conversion must be accompanied by a certificate of account status from the Texas Comptroller of Public Accounts indicating that all taxes under title 2 of the Tax Code have been p