Hello Tax Guru,

I am in a similar situation as the person above. I started an LLC 5 months ago and have made $4k with the understanding it was a seperate entity and a corporation (I really thought I had the benefits of a C-Corp). I haven't taken any of that money and just let it sit in the seperate bank account not considering it personal income. Now 5 months into my unemployment benefits I realized that a C-Corp is the only legitimate way to work and not pay myself. Can I still convert to a C-Corp before the end of this tax year and continue to collect unemployment?

Thanks!
Jtrane25