Business & farm

I agree with @Mike9241 in that you have a number of tax issues that need to be addressed:

1. As noted, you needed to liquidate the C corporation.
2. As also noted, you may need two separate returns depending on the timing of the C corporation liquidation.
3. When liquidating a C corporation, any assets distributed in the liquidation will be deemed sold at FMV and any gain recognized by the C corporation; note there could be ordinary income recapture as a result of any prior depreciation taken on the assets.
4. Form 1099-DIV needs to be filed for each shareholder receiving liquidating distributions.
5. There are rules that need to be addressed if there is debt associated with any property distributions.
6. Technically a form 966 should have been filed, but not fatal.
7. The shareholder's will also need to determine the tax implications of the liquidation at the individual level.
8. Shareholder's are required to attach a statement to their individual tax return in accordance with regulation section 1.331-1(d).
9. You will then contribute the property to the newly formed LLC.
10. All property contributed will begin with new depreciable lives.
11. Since the LLC is newly formed, the beginning balance sheet will be blank.

You may want to consider consulting with a tax professional to make sure that the liquidation is handled appropriately and then the LLC starts out correctly.