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The effective date for conversion means the date that this conversion takes place in the books of the business. Often it will be at the beginning of the fiscal year of the corporation, but that's really up to you. It's generally the date that the sale actually goes through and assets are transferred, and that's what I would suggest that you put in the absence of any other date that you would rather have as the effective date of conversion.
As for the second requirement, because you're converting a single member LLC to a corporation, you need to show what ownership interest in the LLC is converting to the corporation. It is probably 100%, but sometimes members will take buyouts, etc... during such a conversion, so it could be less.
is it possible for me to email to you what i have sent into the state and for you to tell me why it is different that what they request. Because according to what you commented, I have followed the instruction.
I can't accept email, per JustAnswer terms of service, but you can copy and paste it here, if possilbe.
Certificate of Conversion of McDonough Refinishers, LLC. 3904 Jodeco Rd. McDonough, Ga. 30253 I, Steven P. Tague atXXXXX McDonough, Ga. 30252, elect for McDonough Refinishers, LLC to become corporation as of August 01, 2013 1am the member approving the election as required by O.G.C.A. 14-2-1109.2 Articles of Incorporation as McDonough Refinishers, Inc. are being filed. Details of ownership will be as follows: Stephen P. Tague, 40 shares 1175 Campground Rd. McDonough, Ga. 30252 Denise L. Martin, 60 shares 1175 Campground Rd. McDonough, Ga. 30252 The corporation will be authorized to issue 100 shares. Transmittal form 227 is being filed
This is the email she just sent to me>>>>>>>>>>>>>
No transmittal filed. The conversion must set for the effective date of the conversion. It must also set forth the membership interest of the limited liability company, will be converted into shares of the corporation. Correct and send again.
You should let them know, specifically, "Effective Date of Conversion: August 01, 2013" and "Membership interest of LLC that will be converted into shares of the corporation: 100%"
Can I just attach that at the end before the transmittal part?
I would try that, yes, before filing an amended one.
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sorry to respond late my cc called asking if you guys were approved on my card
I am going to try what you suggested. If it does not work, do i have to pay again for more help?
No, you can come back to this question and ask any follow up questions that you may have. It will switch from chat to Q&A but will still allow you to ask follow up questions.
Was there anything else?
Not yet. :) we'll see if I can make this work!
I hope that it all works out and you don't even need to come back. Again, if there's nothing else right now, please rate it so that it will close out for the time being and allow me to assist other customers.
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