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Converting a California LLC to a corporation.(news&trends)
Does your client want to convert its LLC to a corporation? Converting an LLC into a corporation can be almost as easy as checking a box. If an LLC classified as a partnership wants to convert to a corporation, the LLC can use the IRS Form 8832, Entity Classification Election, to change its entity classification. The federal election automatically applies for state tax purposes. Learn more at www.calcpa.org/FTB_LLC2Corp.
COPYRIGHT 2009 California Society of Certified
Public Accountants Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company. NOTE: All illustrations and photos have been removed from this article. |
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