A writer on a forum recently asked me how you change from an LLC to an C-Corp. (Which is just a corporation that is taxed as a corporation and hasn’t elected, under the tax code, to be taxed as an “S” Corporation).
It seems they want more equity owners and think this is the answer.
Now I am not sure why the change is need as a well written LLC Agreement could allow for a large and diverse ownership base. Arguably, depending on the state of formation, you may have more possible structures for ownership with an LLC over a C-Corp.… Read the rest