My spouse and I opened a LLC in Georgia in 2013 with 2 members, me and my spouse. We also elected for an S-Corp status (filed 2553 & 8832) the same year. Now we want to revoke the S-Corp election AND also convert the Multi member LLC to a single member LLC (my spouse will no longer be a member). I'm trying to understand the correct order of steps here. This is what I was thinking:
1. Record complete transfer of shares from one spouse to another
2. Revoke S-Corp as of 1/1/2023
3. Elect change of status to Single member LLC by filing 8832 with IRS (read that this isn't required on this topic - is this true?)
4. Do I need to file anything with Georgia Secretary of state or any agency to get approval to change election from a multi member LLC to a single member LLC? Since GA doesn't require names of member in the LLC in the articles of organization I'm guessing there's nothing to be done on submitting any amendments regarding the LLC to the state, am I correct?
Other administrative steps regarding S-Corp payroll
a. Revoke payroll status with GA DOL (Unemployment) and GA DOR (Payroll withholding)
b. Mark last Q4 2022 941/940 as final
Am I missing any steps? Thank you for your help.
