CT Corporation facilitates a smooth transition
Choosing the right business structure matters. Whether you're operating as an LLC, a corporation, or another entity type, each comes with its own advantages and limitations. For instance, corporations often attract venture capital more easily than LLCs. The good news is that most states allow you to convert from one structure to another—and CT Corporation’s compliance experts are here to make that transition seamless. We know every state's rules inside and out, so you can move forward with confidence.
Frequently asked questions
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Does converting a company have tax implications?Yes, there may be significant tax consequences, both at the time of conversion and going forward. For example, if you convert a corporation to an LLC, both the corporation and its shareholders may be taxed. It’s best to consult an accountant or tax advisor for advice on your particular situation.
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Is an amendment different from a conversion?Yes, filing to convert your corporation or LLC to another business type (conversion) is a different process from changing the number, par value, or type of authorized shares, or the number of directors (amendment). Contact CT Corporation for assistance with a conversion or amendment.
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Do I have to file for a conversion to change to or from an S Corporation?No, an S-Corporation is a special tax classification. Making an S Corporation election—or revoking one—requires a filing with the IRS, not the state. We’re available assist you with making an S Corporation election, though we recommend soliciting guidance from a tax professional as well.