Transform Your Business: A Step-by-Step Guide to Converting from LLC to S Corp

Learn how to convert your Limited Liability Company (LLC) to an S Corporation (S Corp) and enjoy the benefits of pass-through taxation and more flexibility in ownership and management structures.

Save 90% on your legal bills

Are you considering converting your Limited Liability Company (LLC) to an S Corporation (S Corp)? This guide will walk you through the process, highlighting the key considerations and steps to take.

As a business owner, you may be wondering what the benefits of converting to an S Corp are. For one, S Corps offer pass-through taxation, which means that the business's income is reported on the owners' personal tax returns, rather than being taxed at the corporate level. This can result in significant tax savings. Additionally, S Corps provide more flexibility in terms of ownership and management structures, making them a popular choice for small businesses and startups.

However, converting from an LLC to an S Corp is not a straightforward process. It requires careful planning and attention to detail to ensure a smooth transition. In this article, we'll cover the key steps to take, including:

  • Understanding the benefits and drawbacks of converting to an S Corp
  • Meeting the eligibility requirements for S Corp status
  • Filing the necessary paperwork with the IRS and state authorities
  • Updating your business's articles of incorporation and bylaws
  • Notifying your stakeholders and employees of the change
  • By following this guide, you'll be well on your way to converting your LLC to an S Corp and reaping the benefits of this popular business structure.

Legal help, anytime and anywhere

Join launch list and get access to Cimphony for a discounted early bird price, Cimphony goes live in 7 days
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Unlimited all-inclusive to achieve maximum returns
$399
$299
one time lifetime price
Access to all contract drafting
Unlimited user accounts
Unlimited contract analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
For a small company that wants to show what it's worth.
$29
$19
Per User / Per month
10 contracts drafting
5 User accounts
3 contracts analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Free start for your project on our platform.
$19
$9
Per User / Per Month
1 contract draft
1 User account
3 contracts analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Lifetime unlimited
Unlimited all-inclusive to achieve maximum returns
$999
$699
one time lifetime price

6 plans remaining at this price
Access to all legal document creation
Unlimited user accounts
Unlimited document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Monthly
For a company that wants to show what it's worth.
$99
$79
Per User / Per month
10 document drafting
5 User accounts
3 document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Base
Business owners starting on our platform.
$69
$49
Per User / Per Month
1 document draft
1 User account
3 document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial

Save 90% on your legal bills

Start Today