\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Does anyone here do BIZ FORMATION / STARTUP law?

Have some Q's abt converting from LLC to a C corp and some b...
..,.,.,.,,,....,.,...
  09/19/17
I've dealt with this a little bit. Taking Q's for just the...
I really wanna fuck your 15 yo daughter
  09/19/17
What do I need to be aware of when doing the conversion (wit...
..,.,.,.,,,....,.,...
  09/19/17
Create a brand new corp, elect 83b and then merge the LLC in...
I really wanna fuck your 15 yo daughter
  09/19/17
We want the same name though
..,.,.,.,,,....,.,...
  09/19/17
Use the same name, but with an "Inc." at the end. ...
I really wanna fuck your 15 yo daughter
  09/19/17
The LLC needs to consent to it? How? If we are merging LL...
..,.,.,.,,,....,.,...
  09/19/17
Simple letter on company letterhead signed by manager(s) / M...
I really wanna fuck your 15 yo daughter
  09/19/17
I'm not the person to answer tax questions confidently.
I really wanna fuck your 15 yo daughter
  09/19/17
How Is a merger different from a conversion?
..,.,.,.,,,....,.,...
  09/19/17
why suggest a merger vs. a conversion?
..,.,.,.,,,....,.,...
  09/20/17
There may be different tax implications. Other than that, no...
I really wanna fuck your 15 yo daughter
  09/21/17
Are you just looking to be taxed as a c-corp? You can check ...
...,...,.::..;,.,:,:,,..,::.,:,.,.:.:.,:.::.,
  09/19/17
No, looking to bring in VC funding How closely will they ...
..,.,.,.,,,....,.,...
  09/19/17
"looking for funding" "can i convert?? or ...
Dopey Mark Cuban of failed Benefactor fame
  09/20/17
Then just deal with it when you're ready to take funding. N...
Jim_Kelly
  09/20/17
...
..,.,.,.,,,....,.,...
  09/19/17
...
..,.,.,.,,,....,.,...
  09/19/17
...
..,.,.,.,,,....,.,...
  09/19/17
...
..,.,.,.,,,....,.,...
  09/19/17
...
..,.,.,.,,,....,.,...
  09/19/17
...
..,.,.,.,,,....,.,...
  09/21/17
WhaAt are you charging for this
....::::..::..,,....,........,..,,,,,.
  09/21/17
I think OP may have been brought in as an inexperienced GC t...
I really wanna fuck your 15 yo daughter
  09/21/17
Yes. I do shitlaw.
Taylor Swift is not a hobby she is a lifestyle
  09/21/17


Poast new message in this thread



Reply Favorite

Date: September 19th, 2017 3:08 PM
Author: ..,.,.,.,,,....,.,...

Have some Q's abt converting from LLC to a C corp and some basic formation considerations.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244236)



Reply Favorite

Date: September 19th, 2017 3:09 PM
Author: I really wanna fuck your 15 yo daughter

I've dealt with this a little bit.

Taking Q's for just the next few minutes.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244253)



Reply Favorite

Date: September 19th, 2017 3:12 PM
Author: ..,.,.,.,,,....,.,...

What do I need to be aware of when doing the conversion (within DE)? Current LLC is split 60/40 between two founders. No vesting of equity.

I'm concerned abt

- 83b election upon conversion. We'll get founders on a 4yr vesting schedule upon forming the c corp. it won't be too late to do the 83b election right?

- transfer of assets/debts from LLC to c corp. how do I do this?

- do we need to file a tax return for the LLC?

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244278)



Reply Favorite

Date: September 19th, 2017 3:17 PM
Author: I really wanna fuck your 15 yo daughter

Create a brand new corp, elect 83b and then merge the LLC into it. Notify interested parties of merger. You will need to file final tax return for LLC.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244318)



Reply Favorite

Date: September 19th, 2017 3:17 PM
Author: ..,.,.,.,,,....,.,...

We want the same name though

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244321)



Reply Favorite

Date: September 19th, 2017 3:19 PM
Author: I really wanna fuck your 15 yo daughter

Use the same name, but with an "Inc." at the end.

Have the LLC consent to this.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244340)



Reply Favorite

Date: September 19th, 2017 3:20 PM
Author: ..,.,.,.,,,....,.,...

The LLC needs to consent to it? How?

If we are merging LLC into C Corp, why would the LLC need to file a final tax return?

Are there any tax implications for the merger? How is this different from a LLC to C Corp conversion?

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244351)



Reply Favorite

Date: September 19th, 2017 3:21 PM
Author: I really wanna fuck your 15 yo daughter

Simple letter on company letterhead signed by manager(s) / Member(s) as relevant.

"To whom it may concern, [LLC] consents to [Corp] using the name [..........]."

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244355)



Reply Favorite

Date: September 19th, 2017 3:23 PM
Author: I really wanna fuck your 15 yo daughter

I'm not the person to answer tax questions confidently.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244376)



Reply Favorite

Date: September 19th, 2017 3:25 PM
Author: ..,.,.,.,,,....,.,...

How Is a merger different from a conversion?

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244397)



Reply Favorite

Date: September 20th, 2017 12:26 PM
Author: ..,.,.,.,,,....,.,...

why suggest a merger vs. a conversion?

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34250666)



Reply Favorite

Date: September 21st, 2017 7:22 PM
Author: I really wanna fuck your 15 yo daughter

There may be different tax implications. Other than that, no practical difference.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34263469)



Reply Favorite

Date: September 19th, 2017 9:09 PM
Author: ...,...,.::..;,.,:,:,,..,::.,:,.,.:.:.,:.::.,


Are you just looking to be taxed as a c-corp? You can check the box without converting your entity.

Most states will let you convert instead of merging. Simpler and less filing fees.

Your partnership is terminating, you need to do a final partnership return (assuming you haven't checked the box).

Hire a lawyer and accountant for a few hours.



(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34246997)



Reply Favorite

Date: September 19th, 2017 9:21 PM
Author: ..,.,.,.,,,....,.,...

No, looking to bring in VC funding

How closely will they scrutinize the legal stuff?

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34247091)



Reply Favorite

Date: September 20th, 2017 12:29 PM
Author: Dopey Mark Cuban of failed Benefactor fame

"looking for funding"

"can i convert?? or merge??? what are taxes like???"

im not confident in this deal.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34250685)



Reply Favorite

Date: September 20th, 2017 12:36 PM
Author: Jim_Kelly

Then just deal with it when you're ready to take funding. No need to think about this now. The lawyer who does your funding can take care of these mechanics -- no reason to do it now in preparation just to have a VC undo/redo it while you pay some junior associate $495/hr to surf xo and mess around with RSPA amendments.

You can sign a term sheet as the current LLC and just provide that a condition to closing is conversion into a DE corp.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34250723)



Reply Favorite

Date: September 19th, 2017 3:44 PM
Author: ..,.,.,.,,,....,.,...



(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34244569)



Reply Favorite

Date: September 19th, 2017 4:37 PM
Author: ..,.,.,.,,,....,.,...



(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34245050)



Reply Favorite

Date: September 19th, 2017 5:39 PM
Author: ..,.,.,.,,,....,.,...



(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34245534)



Reply Favorite

Date: September 19th, 2017 7:10 PM
Author: ..,.,.,.,,,....,.,...



(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34246289)



Reply Favorite

Date: September 19th, 2017 8:34 PM
Author: ..,.,.,.,,,....,.,...



(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34246786)



Reply Favorite

Date: September 21st, 2017 7:09 PM
Author: ..,.,.,.,,,....,.,...



(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34263386)



Reply Favorite

Date: September 21st, 2017 7:18 PM
Author: ....::::..::..,,....,........,..,,,,,.


WhaAt are you charging for this

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34263444)



Reply Favorite

Date: September 21st, 2017 7:23 PM
Author: I really wanna fuck your 15 yo daughter

I think OP may have been brought in as an inexperienced GC to a startup.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34263474)



Reply Favorite

Date: September 21st, 2017 7:22 PM
Author: Taylor Swift is not a hobby she is a lifestyle (0x37Bd5dcB2B993f8E9032Fea6031252461F48060f)

Yes. I do shitlaw.

(http://www.autoadmit.com/thread.php?thread_id=3736623&forum_id=2#34263471)