Free Consultation|USA Only +1 (866)754 4460|Outside USA +1 (516)822 3100
InfoTaxSquare.com - Website Logo
  You are here : Home  >   Services  >   Library To Create An LLC In USA  
TESTIMONIALS
InfoTaxSquare.com - Testimonials  


Converting Single Member or Disregarded Entity to a Multi-Member LLC

 
0/5 stars (0 vote)
Category : > Library To Create An LLC In USA
Posted On : Wed May 30th,2012

 
Conversion single member llc to a multimember
 

How to convert a single member or a disregarded entity to a multi member LLC?

Single Member LLC:

If the LLC is created with a single member or owner is called a single member LLC. Single member LLC, owner reports profits and losses on Form with the Internal Revenue Service.It is also called a disregarded entity.

Converting a Disregarded Entity:

File form 8832 with the Internal Revenue Service for Entity Classification Election of the disregarded entity. Multi-member LLC file form 1065 as a corporation or a partnership to report profits and losses.

Preparation of Form 8832

  • Name of eligible entity making election
  • Number, street, and room or suite no.
  • City or town, state, and ZIP code
  • Type of election
  • Type of entity
  • Consent or signatures from all owners, members or stockholders

Form 8832 is only submitted to elect the tax status with the Internal Revenue Service not for changing the company structure.The Limited Liability Company will remain LLC and Corporation will remain a corporation. There is a time limit to change the entity classification.

  


Committed to give our users most updated news!
For instant news please subscribe at www.infotaxsquare.com


Leave Your Comments
Your name :
Email Address : Will not be published
Please enter your email if you want us to send answer to your email. We have a strict policy of not to share your email address with any other party.
Your message :
Insert these letters into the textfield below: (required, case-sensitive): SaEPd
Do you want to Subscribe for
InfoTaxSquare Business News Bulletin?
Yes
No
Comments (0)
Load More
No Comments found, Be the first to write comment
 


InfoTaxSquare.com - 10 Successful Years
Copyright © 2010, Infotax Square All Rights Reserved.
InfoTaxSquare.com - Allows Payment Processing With Visa, MasterCard, American Express and Discover
Terms and conditions, features, support, pricing and service options subject to change without notice.