The issue I see is the mortgage if you convert the LLC from a sole proprietorship to a C-Corp.
Would the mortgage remain your liability or could it be transferred to the Corp without tax issues?
Would the mortgage company be okay changing to a C-Corp with this or would they have the right to call the mortgage?
other issues with a C-corp any profits or losses remain in the Corp. They do not pass through to the shareholder. with profits there would be a tax at the corporate level and upon eventual liquidation of the C Corp there would likely be another tax at the personal level.
