How to Convert Your Co-Founder Pair LLC to C-Corp in Alabama (2026)
As your Alabama-based co-founder LLC gains traction, the need for C-corp conversion might arise. This guide outlines the process for 2026, covering key considerations for co-founder dynamics, equity restructuring, and Alabama-specific regulations. Using an AI-powered platform like Lovie can streamline this complex transition, ensuring accuracy and efficiency.
When to Convert
Conversion Steps
- Co-founder Agreement Review & Amendment: Thoroughly review your existing LLC operating agreement and amend it to reflect the new C-corp structure, including equity allocation, roles, and responsibilities. This is especially critical for co-founder pairs. Lovie can help draft compliant amendments.
- Name Availability Check: Ensure your desired corporate name is available in Alabama by checking with the Alabama Secretary of State's office. The name must comply with Alabama's corporate naming requirements.
- File Certificate of Incorporation: File a Certificate of Incorporation with the Alabama Secretary of State, outlining essential information about the new C-corp, including its name, registered agent, and authorized shares. The filing fee is $200.
- Obtain an EIN: Apply for a new Employer Identification Number (EIN) from the IRS, as your LLC's EIN will no longer be valid for the C-corp. This is free and can be done online.
- Adopt Bylaws: Create corporate bylaws that govern the internal operations of the C-corp, including shareholder meetings, board of directors structure, and officer roles. Lovie's AI can generate customized bylaws.
- Issue Stock Certificates: Issue stock certificates to the co-founders according to the agreed-upon equity split, documenting the number of shares, class of stock, and any restrictions. Ensure compliance with Alabama securities laws.
- Transfer Assets and Liabilities: Transfer all assets and liabilities from the LLC to the newly formed C-corp, including bank accounts, contracts, and intellectual property. Ensure proper documentation for tax purposes.
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