Conversion Training Series
At this stage accountants and company law advisors are well aware of the conversion options for companies under the Companies Act 2014. All accountants and professional advisors should inform their clients of the options and requirements of the act on a timely basis. To help with this we have a drafted a letter that you can use for your company clients.
The most common conversion type is the member’s driven conversion under S.59 of the Act. We have set out the 10 Steps to Conversion under S.59 and in our DIY Swipe File we have provided you with all the documentation including minutes, resolutions, forms, client emails and letters and CRO letters to help you follow these 10 steps.
The basic requirement of the conversion process is that Companies Limited by Guarantee change their name, however many Companies Limited by Guarantee are also using this as an opportunity to upgrade and modernise their constitutions. We have set out the 13 Steps to CLG Conversion and in our DIY Swipe File we have provided you with all the documentation including minutes, resolutions, forms, client emails and letters and CRO letters to help you follow these 13 steps.
We have outlined the companies that cannot be LTD and thus must convert to DACs, companies that are not required to become DACs but regularly cause confusion in terms of the DAC Conversion Decision and companies that may need to consider DAC conversion.
As you know Companies Limited by Guarantee need to go through a conversion process. This week we have created letters that you can send to your clients setting out the conversion process, their requirements and the options open to them.