Legal Question in Business Law in Florida

We wish to convert our LLC estabilshed in the state of Florida in december 2010, into a CCorp. All the members are foreign entities and the LLC has a FEIN . What are the legal issues. Can we convert just by a resolution of the meeting of the members, and in the meantime set up the CCorp and transfer shares to the CCorp. The company wors in the buying and selling of real estate in the state of Florida.

We really want to know whether we can do this ourselves as we have so far been very very highly charged for very very little work done by both CPAs and attornies.

Thank you


Asked on 7/06/11, 10:02 am

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can say the following. It may be a lot less complicated to just form a new corporation, then issue shares in the same proportion as the LLC member shares are currently held. Of course any assets held by the LLC would need to be considered. This is definitely not a do-it-yourself project. Shop around and get four or five quotes. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 7/06/11, 10:18 am


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