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Brooklyn1955,I think you figured out why the HOLDING-CORPORATION-was-created.

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MAKATIBUGATTI   Sunday, 07/07/19 03:57:08 PM
Re: brooklyn1955 post# 2910
Post # of 32697 
Brooklyn1955,I think you figured out why the HOLDING-CORPORATION-was-created. Nice job!

I just read a very informative NOLO article on "statutory conversions" of LLC's not being allowed in WA. So a "statutory merger" was there only alternative.
https://www.nolo.com/legal-encyclopedia/converting-llc-corporation-washington.html
Quote:
To convert your Washington LLC to a Washington corporation via a statutory merger, you need to:

1. Create a new corporation <Check>
2. Prepare a plan of merger
3. Obtain LLC member approval of the plan of merger
4. Have your corporation’s board of directors adopt the plan of merger
5. Obtain shareholder approval of the plan of merger; and
6. File articles of merger with the Secretary of State.

Therefore, since GRN FUNDS, LLC cannot be converted to a C CORP (as per WA statutes), then there only option was to create the HOLDING CORPORATION and merge GRN FUNDS, LLC into the HOLDING CORPORATION in order to comply with WA law and do a "statutory merger".

If so, the "PLAN OF MERGER" document will be recorded in this page.
https://opencorporates.com/companies/us_wa/604464402
Scroll down to where it shows a record of the 'Initial Report' and 'Articles of Incorporation' being filed with WA SOS on 5/21/19. And the 'Plan of Merger' will eventually be added imo
Quote:
Recent filings for GRN HOLDING CORPORATION
21 May 2019
ARTICLES OF INCORPORATION
21 May 2019
INITIAL REPORT



My posts are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor.
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