Welcome Guest. Register Now!  



Find a tax professional cpa near you

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 09-11-2008, 08:03 PM
Junior Member
 
Join Date: Sep 2008
Posts: 1
Changing a LLC to a Sub Chapter S in NYS

I'm having a bit of difficulty in getting information on how I would go about changing my currently active single owner LLC (NYS) to a Corporation - Subchapter S - NYS.
I know I will need a new EIN# but I'm afraid if I just file the paperwork for a new corporation, the Dept of State will reject it because the name I need to use is already in use -by me. I see this as a Catch 22 and I would be grateful for any suggestions on how this issue might be resolved.
Thank you.
Reply With Quote
  #2 (permalink)  
Old 09-12-2008, 01:08 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 1,671
Blog Entries: 3
Changing a LLC to a Sub Chapter S in NYS

I think what you should be trying to do is to create a New C Corporation (and then later convert to an S Corp) using the same name as the LLC, but with a new EIN#.

This is fairly common and what you need to do is have an Agent do the paperwork to open the the new C Corporation and include a letter on the LLC letterhead, stating that you give consent to use the same name to open a C Corporation.

If you have any problems or need help please contact us by clicking the link below.

Ask TaxGuru - Contact Us
__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.
Reply With Quote
Ads
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Financial Planning