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This document is used by associations in Pennsylvania to effectuate their conversion from one type of business structure to another, requiring details of the converting and converted associations, their jurisdictions, and their respective addresses.

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How to fill out statement of conversion

01

Obtain the statement of conversion form from the appropriate state agency or website.

02

Fill out the basic information section, including the current name and type of the entity.

03

Specify the new name and type of entity you wish to convert to.

04

Provide the address of the principal office.

05

Include the date the conversion will take effect.

06

List the names and addresses of the members or shareholders, if applicable.

07

Sign and date the document, confirming approval from necessary parties.

08

Submit the completed form along with any required fees to the state agency.

Who needs statement of conversion?

01

Businesses or organizations planning to change their legal structure, such as converting from a corporation to a limited liability company (LLC) or vice versa.

02

Entities that need to comply with state regulations regarding changes in formation.

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What is statement of conversion?

A statement of conversion is a legal document that facilitates the transformation of a business entity from one form to another, such as from a corporation to a limited liability company (LLC).

Who is required to file statement of conversion?

Typically, the business entity that is converting its structure is required to file a statement of conversion.

How to fill out statement of conversion?

To fill out the statement of conversion, provide the current entity information, the new entity type, details about the conversion process, and any required signatures from the relevant parties.

What is the purpose of statement of conversion?

The purpose of the statement of conversion is to officially document the change in the business structure and ensure that the new entity is recognized legally.

What information must be reported on statement of conversion?

The statement of conversion must report the name of the converting entity, the name and type of the new entity, the date of the conversion, and any changes in management or ownership structure.

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