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.
Mitchell
23rd Apr 2015
If I have a nonprofit why do I need a LLC with my nonprofit what the purpose of it
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