How to Convert Your Fintech LLC to C-Corp in District of Columbia (2026)

As your Fintech LLC in the District of Columbia scales, converting to a C-Corp might be the right move, especially when seeking venture capital or strategic banking partnerships. This guide provides a roadmap for converting your Fintech LLC to a C-Corp in DC in 2026, covering key considerations and steps.

When to Convert

Conversion Steps

  1. Assess Your Current Structure and Needs: Evaluate your LLC's current operating agreement, financial standing, and long-term goals. Determine if a C-Corp truly aligns with your Fintech company's future trajectory in the District of Columbia.
  2. Develop a Conversion Plan: Outline a detailed plan for the conversion process, including a timeline, budget, and assignment of responsibilities. Consider any potential disruptions to your Fintech operations.
  3. Adopt a Plan of Conversion: The LLC members must formally adopt a plan of conversion, outlining the terms and conditions of the conversion to a C-Corp. This typically requires a unanimous vote.
  4. File Articles of Incorporation with DCRA: File Articles of Incorporation with the District of Columbia Department of Consumer and Regulatory Affairs (DCRA) to create your new C-Corp. The filing fee is $220 as of 2024, but confirm the updated fee for 2026.
  5. Obtain an EIN from the IRS: Apply for a new Employer Identification Number (EIN) from the IRS for your C-Corp. This is required for tax purposes and to open a corporate bank account.
  6. Transfer Assets and Liabilities: Transfer all assets and liabilities from the LLC to the newly formed C-Corp. This includes bank accounts, contracts, intellectual property, and any outstanding debts.
  7. Update Licenses and Permits: Update all relevant licenses and permits to reflect the new C-Corp structure. This is especially critical for Fintech companies operating in the District of Columbia, as financial regulations are strict.

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