Can You Relocate or Convert a Louisiana LLC to a Florida LLC?

Can You Relocate or Convert a Louisiana LLC to a Florida LLC?

Converting or Relocating a Louisiana LLC to Florida

LLC owners from across the country, including Louisiana and beyond, have found themselves more and more enticed by Florida’s ever growing pro-business environment. Fortunately for them, our state has a process in place known as statutory conversion that allows qualifying LLCs from out of state, known as foreign LLCs, to become Florida LLCs. To be eligible, both Florida and the original state must have laws allowing it. A full version of the conditions for the state of Florida can be found in Chapter 605 of the Florida Revised Limited Liability Company Act.

What Happens in a Conversion?

Conversions are our firm’s preferred method for turning foreign LLCs into Florida LLCs when the option is available. This is because conversions don’t require you to dissolve your original LLC and start all over in your new state or otherwise interrupt your business’s continuity. Once converted, your LLC will still be the same business that it was back in Louisiana, only now it will legally be treated as if it had initially incorporated in Florida. 

Other than your original state of formation, conversion doesn’t require that you change your business in any major way. The only exception to this is, potentially, your business’s name, which will need to be replaced if the original is already reserved by a business or other entity in Florida. 

Does Louisiana Allow LLCs to Convert into Florida LLCs?

Louisiana allows LLCs to convert into Florida LLCs per La. Stat. Ann. § 12:1308.3. Corporations, on the other hand, should pursue domestication instead.

A. Unless prohibited by the laws of the other state, a domestic limited liability company may convert its state of organization from this state to any other state, and a foreign limited liability company may convert its state of organization from any other state to this state.

La. Stat. Ann. § 12:1308.3 

How Do I Convert my Louisiana LLC to a Florida LLC?

If you want to move your Louisiana LLC to Florida using statutory conversion, then you first need to draft a Plan of Conversion. All of the LLC’s owners (also known as the LLC’s Members) must approve the Plan of Conversion before proceeding. Then, the necessary documents can be filed with state agencies in both Louisiana and Florida. Strictly adhere to the statutes set forth by both states, as mistakes here could cause disruption, or even the liquidation of your business.

What are the Effects of Transferring my LLC from Louisiana to Florida?

Upon filing, your Louisiana LLC’s founding documents will be immediately superseded by your new Florida Articles of Organization. Real estate and other property rights will remain vested in the business, and Membership Interests will be similarly preserved. Liabilities, lawsuits, and other proceedings against the Louisiana LLC will also transfer on to the converted entity, although the new LLC’s name may be substituted in for clarity. 

Should I Work with FL Patel Law PLLC to Convert my Louisiana LLC?

Mistakes during the conversion process could cause you to lose liability protection, discourage potential investors, or even the liquidation of your company.

Absolutely! Our firm already has experience helping both single and multi-member LLCs from across America convert into Florida LLCs. We have worked with all industries, including consultants, service businesses, e-commerce businesses, and start-ups in relocating to the state of Florida.

Are you ready to leave the bayou behind and give your Louisiana LLC a beautiful new home in Florida? Don’t risk breaking your business’s stride– get assistance from an experienced business conversion attorney by calling(727) 279-5037, or if you are ready to convert, check out our service page.

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FL Patel Law PLLC is a boutique business law firm dedicated to entrepreneurs and companies.

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