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 adoptscorporate tax filings.
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Mitchell
23rd Apr 2015
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If I have a nonprofit why do I need a LLC with my nonprofit what the purpose of it
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Reply from: infotaxsquare.com | 2015-05-10
Why do I need a LLC with my nonprofit?
Dear Mitchell:
Please share us your state with us because in most states Non Profit cannot be established as an LLC.
You can also use the following links to see, what our customers say about our professionalism and customer service.
I'm trying to start a small business and have know idea where to start. Can you assist me in which the order I'm to start in? I have the ideas but need to know the format in order.
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Reply from: infotaxsquare.com | 2012-06-01
Dear Stephanie Hart:
Thanks for choosing InfoTaxSquare.com for your business needs. To start business you need to follow the following steps.
I am starting a new consulting business in the state of CA. The business is services/consulting only - no retail/sales business. We are registering as an LLC.Can you tell me what CA Tax Registration I need to complete? Is there a certain Form for Service companies?
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Reply from: infotaxsquare.com | 2010-05-04
You
need to write an article of organization to form you LLC. You can either
prepare your on article or retain a professional do it for you.
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Mitchell
23rd Apr 2015
If I have a nonprofit why do I need a LLC with my nonprofit what the purpose of it
Replies