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Business & farm
@JB... wrote:The State half is not a problem as both Partnerships and S Corps are filed on the same Pass-Through Entity form where the only difference is the box you check.
Yes, for state income tax return purposes. I meant that as far as state law is concerned, you still have an LLC, not a corporation (i.e., you're still members in the LLC for all other purposes, not shareholders in corporation, since you organized an LLC and did not incorporate).
3 weeks ago