Whereas business "conversion" involves a change in the type of business enity (converting a partnership to LLC, an LLC to corporation, etc.) business "domestication" involves changing the state in which a business entity is organized. For example, a corporation originally organized in the State of Minnesota can be moved to the State of South Carolina and be treated under the law as the same, on-going corporation. In otherwords, with respect to the state of South Carolina the "foreign" corporation (foreign, because organized outside of South Carolina) can be "domesticated" into South Carolina.
Get answers now to your important legal questions and concerns.
By using this website, you agree to read the important legal notices and disclaimers and be bound by the terms and conditions set forth in the Legal Disclaimer section and other sections of this website. Should a dispute arise with regard to your use of the contect of this website, you expressly agree to be subject to the the jurisdiction of the State of South Carolina
Small Business Law Firm, LLC
Serving South Carolina: Columbia(main office), Charleston, Greenville(satellite office appointments by prior agreement & by virtual services), other SC Locations (virtual services only)