Ready. Set. Incorporate!
https://www.readysetincorporate.com/faq-items/i-want-to-convert-my-llc-into-a-corporation-can-i-how-vice-versa/
Export date: Thu Mar 28 11:21:29 2024 / +0000 GMT

I want to convert my LLC into a corporation. Can I? How? Vice versa?


Depending on what state your company is located in, this could be as simple as filing a single form with that state's governing agency. In some states, this may be more complicated, but there's always a way. Keep in mind, by converting the entity, you will likely have to get it a new Tax ID Number 1, since it's now a different entity. If there's a partnership agreement, or certain rights with respect to voting or capital return, be careful about property transferring all of that over. Consult with tax and legal counsel.
Excerpt: Depending on what state your company is located in, this could be as simple as filing a single form with that state’s governing agency. In some states, this may be more complicated, but there’s always a way. Keep in mind, by converting the entity, you will likely have to get it a new Tax ID Number, since it’s now a different entity. If there’s a partnership agreement, or certain rights with respect to voting or capital return, be careful about property transferring all of that over. Consult with tax and legal counsel.
Links:
  1. https://www.readysetincorporate.com/faq-items/what s-a-tax-id-number/
Post date: 2015-07-19 13:43:16
Post date GMT: 2015-07-19 20:43:16

Post modified date: 2015-07-21 05:33:43
Post modified date GMT: 2015-07-21 12:33:43

Export date: Thu Mar 28 11:21:29 2024 / +0000 GMT
This page was exported from Ready. Set. Incorporate! [ https://www.readysetincorporate.com ]
Export of Post and Page has been powered by [ Universal Post Manager ] plugin from www.ProfProjects.com