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Hereinafter, Referred to as the Company  Form

Hereinafter, Referred to as the Company Form

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what is the impact of the conversion on the company's legal status and operations so let's say you have an LLC and it converts to be taxed as an S corp if you're a single owner LLC no difference if you're a multiple owner LLC it's like you have two or three owners and now you're being taxed as an S corp you'll want to work with a business attorney to find out how in your situation your rights may have changed or may need to be changed under the LLC operating agreement so if you convert from an LLC to an S corp by having a merger of two entities and the S Corp takes over the LLC and is the surviving entity you're going to be governed under the corporate statute

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