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THE STATE Department of Commerce, Community, and Economic Development Division of Corporations, Business and Professional Licensing ALASKA of Corporations Sections State Office Building, 333 Willougbhy
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How to fill out 08-586 statement of conversion-domestic

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How to Fill Out 08-586 Statement of Conversion-Domestic:

01
Begin by providing the necessary information. Fill in the name of the converting company and its jurisdiction in the section labeled "Converting Company Information." Include the address and the date of conversion.
02
In the next section, labeled "Surviving Company Information," enter the name, jurisdiction, address, and date of conversion for the surviving company.
03
Proceed to the "Manner of Conversion" section. Specify whether the conversion is a merger, an interest exchange, or a domestication. Provide any additional required information based on the chosen manner of conversion.
04
If there are any additional provisions or terms related to the conversion, enter them in the "Additional Provisions" section.
05
Next, complete the "Consents" section. Indicate whether all necessary consents have been obtained and specify any conditions or limitations associated with these consents.
06
In the "Effective Time of Conversion" section, specify the date and time when the conversion will be effective. This is important for legal purposes.
07
If the conversion will result in the company issuing any securities or indebtedness, provide the necessary information in the "Securities and Indebtedness" section.
08
Finally, have the document signed and dated by a duly authorized individual from each company involved in the conversion. Ensure that the signatures are properly notarized.

Who Needs 08-586 Statement of Conversion-Domestic:

01
Companies undergoing a conversion from one type to another, such as a merger, interest exchange, or domestication, may require the 08-586 Statement of Conversion-Domestic.
02
This form is necessary for legal documentation purposes and is typically required by regulatory bodies or government agencies overseeing the process.
03
Any company seeking to change its structure or legal status may need to complete and file the 08-586 Statement of Conversion-Domestic to ensure compliance with relevant laws and regulations.
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The 08-586 statement of conversion-domestic is a form used to convert a domestic corporation into a domestic limited liability company (LLC).
The owners or shareholders of the domestic corporation are required to file the 08-586 statement of conversion-domestic.
The form must be completed with information about the domestic corporation, the LLC it is being converted into, and signed by the owners or shareholders.
The purpose of the 08-586 statement of conversion-domestic is to legally convert a domestic corporation into a domestic limited liability company.
Information such as the name of the domestic corporation, the name of the LLC it is being converted into, and details of the conversion process.
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