Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corp Status For Llc In Contra Costa
State:
Multi-State
County:
Contra Costa
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
In most cases, if your state allows you to convert an S Corp to an LLC, you'll be required to prepare a plan of conversion outlining the details of the entity change. You may also be required to gain the approval of the board of directors before you're able to present the conversion to your shareholders.
7 Simple Steps to Convert Your Sole Proprietorship into an LLC Choose a Business Name. Update Your Contracts. File Articles of Incorporation or Organization. Write an LLC Operating Agreement. Apply for an EIN. Open a Business Bank Account. Update Your Business Permits and Licenses.
An S corporation's annual tax is the greater of 1.5 percent of the corporation's net income or $800.
Limited Liability Companies Treated as S Corporations The LLC will also be treated as an S corporation for the state and must file Form 100S (California S Corporation Franchise or Income Tax Return). California and federal laws treat these companies as corporations subject to California corporation tax law.