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. |
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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 |
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