Corporate advisory attorney, is it possible to convert from a limited company to a stock company?

Hello.

In the case of a limited company, the organization can be changed through a general meeting resolution by unanimous agreement of all members.

However, the company is not changed by the general meeting resolution alone, and detailed procedures are required.

If you wish to know the details, it is advisable to consult a corporate advisory attorney.

Procedure for conversion from limited company to stock company

1. General meeting resolution by unanimous agreement of all members

As mentioned earlier, the organization can be changed to a stock company through a general meeting resolution by unanimous agreement of all members.

2. Court approval

The directors and auditors of the company must jointly file an application for court approval and obtain approval. The competent court is the district court at the location of the company's head office.

3. Creditor objection procedure

Company creditors who object to the company's organizational change must raise objections within 1 month from the date of public notice or notice of demand.

If no objection is raised within this period, the organizational change is deemed approved.

4. Dissolution registration and incorporation registration

When a limited company changes its organization, it must complete dissolution registration for the limited company and incorporation registration for the stock company at the location of its head office within 2 weeks.

However, please note that a limited company can only change its organization to a stock company and cannot change its organization to a general partnership or limited partnership company.

If you need help with these detailed procedures, consulting a corporate advisory attorney can be a good way.