Plan of Conversion: the most important document in moving your company to a new state, not a DIY job

Attorney and CPA Chad D. Cummings explains the single most important document in any redomestication: the Plan of Conversion. Most business owners, CPAs, and even many attorneys have never heard of it, yet without this custom legal instrument, your filings with the Secretary of State may have no legal effect, the transaction can fail, and you risk turning a tax-free move into an expensive mess. This presentation shows exactly what the Plan of Conversion does, why it is required by law in both the origin and destination states, how it preserves your FEIN, contracts, credit history, and bank accounts, and why skipping it is one of the most common and costly mistakes in the process. Online filing services and generic templates cannot prepare a proper Plan of Conversion because it requires the exercise of professional legal judgment. Our firm prepares a custom Plan of Conversion for every engagement, and we have successfully completed hundreds of them. If you are considering moving your company to Florida or Texas, this presentation will show you why working with a licensed attorney who understands this document is essential. Learn more: https://www.cummings.law/redomestication/