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Conv Llc Gs Form

Conv Llc Gs Form

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Instructions and help about Conv Llc Gs

hi everyone thanks for tuning back into the simplify llc channel in this video we're going to discuss changing an llc to an s corp and give you the step-by-step instructions of how to get that done please make sure to hit that like button and press that bell icon to subscribe so that you can be notified when we push out more llc content like this one all right here we go so electing an s-corp status for your llc can mean federal tax advantages it's possible just make sure you follow the internal revenue service requirements don't worry this doesn't create a new business entity or change the legal structure of your business your business is still an llc for statutory purposes but it becomes an s-corporation for tax purposes now before you make the big move it's best to get legal advice as it can affect the other areas of your business beyond finances and remember the key is you're not changing the legal structure of your business you're just changing how it's taxed so let's get down to

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