Legal Question in Business Law in Florida
Changing an S Corp to an LLC
I am an electrician,who has an S Corp. I want to partner with a colleague and was told an LLC is best. Can I change my S Corp to an LLC or will I have to dissolve the Corp to establish an LLC??
1 Answer from Attorneys
Re: Changing an S Corp to an LLC
You need to discuss this matter with a business law attorney as your question is too general. First, why is it that you want to go from an S Corp to an LLC? Generally, a small company that qualifies under both LLC and S Corp rules will benefit by maintaining the S Corp status for tax purposes even if they are established as an LLC.
As a business owner, do yourself a favor and retain a business law attorney and tax advisor. They may pay for themselves in the long run.
You can e-mail me if you would like to further discuss this matter.
Related Questions & Answers
-
Laws concerning operating an adult video and toy store Where can I find the laws for... Asked 7/30/06, 11:22 pm in United States Florida Business Law
-
Payment in cash declined I was told that if someone refused to be paid a debt owed... Asked 7/29/06, 12:09 pm in United States Florida Business Law
-
Wedding favours We have an idea to give out cd's with our favorite love songs at our... Asked 7/26/06, 10:15 am in United States Florida Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
