Legal Question in Business Law in Virginia
Is dissovling my LLC the best solution to S Corp
I am finding that there are more percs and benefits for me to use a S Corp over an LLC. My question is what is the best way to change my company from LLC to S corp? Is it dissolving my LLC going to S Corp the best solution?
Asked on 12/18/06, 10:01 am
1 Answer from Attorneys
Bernard Dietz
Law Offices of Bernard C. Dietz, PC
Re: Is dissovling my LLC the best solution to S Corp
You can file articles of conversion rather than dissolving but first you should fully explore why you want to switch. If it is for tax reasons, please realize that an LLC can elect to be taxed as an S corporation with the IRS. Contact me if you would like to discuss this further.
Answered on 12/18/06, 10:22 am
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