Hi all,
Thanks for the quick response. I did seek local professionals but I just want to get more opinions from other people as well to be sure. Again, this is simply a reclassification of tax status with the IRS from the default status of an LLC to a C-corp. This is NOT a formal and full conversion from an LLC to a C-corp. The only thing that we use our LLC for is for holding our Securities(stock & bonds) and the only income from those is dividends. I guess I just want to make sure that there are no rules out there that would require us to liquidate all of our stock & bonds holding when we simply seek reclassification of our tax status. Basically, we don't want those dividends to "flow-through" our personal taxes.
