Plan of Conversion

This article describes the plan of conversion template and how you can access it on Savvi.

Signatures Required:

Managers (LLCs) or Board of Directors (corporations)

Equityholders

Purpose:

A plan of conversion is necessary if you are converting from an LLC to a corporation (or vice versa), or changing your company's state of incorporation. This document outlines the terms of the conversion and how each equityholder's equity will be treated. The conversion plan needs to be approved by the managers (if the LLC is manager-managed) or board of directors (for a corporation), as well as the equityholders/members of the Company. 

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