ColeenD3
Expert Alumni

Business & farm

Yes.

 

How to Change From an LLC to a Sub S Corp

  • File Form 8832 with the IRS to have the company taxed as a corporation. ...
  • Make changes necessary to meet S corp qualifications. ...
  • File Form 2553 with the IRS to elect for S corp treatment. ...
  • Submit a business entity conversion form to the same state agency that processes business entities, if available. 
  • Effectuate a merger.

 

You will be required to obtain a new EIN if any of the following statements are true.

  • You are subject to a bankruptcy proceeding.
  • You incorporate.
  • You take in partners and operate as a partnership.
  • You purchase or inherit an existing business that you operate as a sole proprietorship.

For more information, please see these links.

 

LLC to S-Corp

 

LLC to S-Corp 2