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Can I convert my business into an S Corporation?

How to convert your company into an s Corporation?
 
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Category : > Article Directory To Open An S Corporation
Posted On : Fri Aug 28th,2009

 
How to convert your company into an s Corporation?
 

Convert company as an S Corporation

  • Yes, fortunately, the decision to file S corporation status is not permanent. If the business becomes more profitable and there are tax advantages to being a regular corporation, S corporation registration status can be dropped after a certain amount of time. 
  • An S corporation is a pass through entity and LLC can also adopts corporate tax filings.

 

  


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Comments (1)
Roberta Breeden   wrote on : Wed Jan 06th,2010
I just got inc. but I am not an S-Corp. I still have to get a new ein # and how do I add on S-Corp. to my Inc      View Detail
Reply : infotaxsquare.com
 
Dear Roberta Breeden:

Your question is not clear but let me give you some  guidelines: If you are converting your C-Corporation to an S-Corporation then you will use the same Employer Identification Number. EIN only change If you are changing the structure of your company from corporation to Limited Liability Company (LLC).

Helpful Link:
https://www.infotaxsquare.com/employer-id-number.htm

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