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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 :
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).

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