In this video, attorney Kalpesh Patel of FL Patel Law PLLC explains the process of relocating your business from one state to Florida using statutory conversion or domestication. He outlines the drawbacks of dissolving and reforming a company, explains the benefits of statutory conversion, and discusses the legal steps necessary to maintain continuity, identity, and tax advantages for your business. Learn about the specific requirements, potential complications, and the proper approach to ensure a smooth transition. Schedule a consultation to determine if this process is right for your business.
00:00 Welcome to FL Patel Law PLLC
00:15 Understanding Company Reorganization
00:31 Drawbacks of Dissolving Your Company
01:08 Introduction to Statutory Conversion or Domestication
01:59 Differences Between Conversion and Domestication
02:59 Is Statutory Conversion or Domestication Right for You?
04:21 Important Considerations Before Reorganizing
05:26 Our Process for Reorganization
07:43 Final Steps and Client Support
08:06 Conclusion and Contact Information
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FL Patel Law PLLC’s office is located in St. Petersburg, Florida. To schedule a consultation, please visit our website at www.flpatellaw.com.