I just converted my LLC to INC in Delaware, but my LLC was registered in NY. What do I do next?

 

Converting an LLC to a corporation (Inc.) involves several steps, especially when you're changing the state of registration from one jurisdiction to another. In your case, converting your LLC from New York to Delaware requires careful attention to legal and administrative details. Here's a general overview of what you might need to do next:

1. Obtain Legal Counsel:

• Converting from an LLC to a corporation and changing jurisdictions can be legally complex. It's advisable to consult with legal professionals who specialize in business law and are familiar with the requirements in both New York and Delaware.

2. Delaware Incorporation:

• Since you've converted your LLC to a corporation and have chosen Delaware as your new jurisdiction, you'll need to incorporate your company in Delaware. This involves filing the necessary documents with the Delaware Division of Corporations.

3. Foreign Qualification in New York:

• Even though your company is no longer an LLC in New York, you'll likely need to file for a foreign qualification in New York as a Delaware corporation if you plan to continue conducting business there. This involves registering your Delaware corporation to operate as a foreign entity in New York.

4. Transfer Assets and Contracts:

• If your LLC had assets, contracts, agreements, and licenses in New York, you'll need to transfer these to the newly formed Delaware corporation. This might include intellectual property, real estate leases, customer contracts, and more.

5. Update Business Licenses and Permits:

• You'll need to update any business licenses, permits, and tax registrations to reflect your new corporate structure and jurisdiction.

6. Bank Accounts and Financial Accounts:

• Update your bank accounts and financial accounts to reflect the new corporate structure and Delaware jurisdiction.

7. Update Tax Information:

• Update your federal and state tax information to reflect the change in business structure and jurisdiction.

8. Notify Stakeholders:

• Inform your customers, clients, suppliers, employees, and any other relevant stakeholders about the change in your business structure and jurisdiction.

9. Administrative Steps:

• There might be additional administrative steps depending on your specific circumstances, such as updating your website, marketing materials, and other public-facing documents.

Remember that this is a general overview, and the exact steps and requirements can vary based on the specifics of your situation and the laws of Delaware and New York. It's highly recommended to work with legal and financial professionals who are experienced in business conversions and familiar with the legal requirements of both states. They can guide you through the process and help ensure compliance with all relevant regulations.

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