Q: How do I move an LLC from NY to CA in a process that results in a domestication equivalent.
I am under the impression that New York doesn't allow for domestication, and because it is required in both states it wouldn't be possible as a result. Therefore, my only options would be creating two LLCs, potentially dissolving the original, or creating a foreign entity in CA. However, I recently became aware of entity conversion in CA.
It looks like it's possible to convert a CA Foreign Entity to a CA LLC. I'm looking to get a bit of information as to what the implications of this would be. Would the result be similar to a domestication if the original LLC is dissolved after conversion? It seems that this would allow for the original LLC to move states without domesticating. I would appreciate any insight on this as it's a bit of an obscure process with little info about it online.
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