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Changing LLC to S Corporation

Asked by: ` - 12 March, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 our company is an LLC and want to change to S corporation, how do we go about it.
Answered by: Lloyd Johnson - 21 March, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/36.jpg-879792e1197755ef7c796380de659758 Dear Brian,

The process of converting your entity is a relatively simple one, but it really depends on your state of incorporation. For example, at this link you can read how to convert an LLC into a different entity in California
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More importantly, think carefully about your reasons for conversion. An LLC is an easier entity to maintain, and you can elect for it to be taxed the same as an S-corporation is taxed.  Talk to your accountant and an attorney, if you have one, before making this decision. 

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