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Old 03-30-2011, 09:28 AM
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Join Date: Mar 2011
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LLC to S-Corp Conversion 2010

I have completed forms 2253 and 8823 before March 15. I have received the EIN number. Should I receive a formal confirmation from the Fed (or State - GA) that my conversion was successful and I can now establish my reasonable salary?

Thanks
Michael



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Old 03-31-2011, 09:38 PM
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“Should I receive a formal confirmation from the Fed (or State - GA) that my conversion was successful and I can now establish my reasonable salary? “--->To change your LLC classification, you must file Form 8832 of the Internal Revenue Code. However, you should not file Form 8832 if your LLC will be using its default classification. If you do not plan to change your LLC's classification, avoid the 8832 form altogether and just file the 2553 form. You MAY need to make the conversion from LLC to S Corporation for other legal purposes. To convert to an S Corporation for reasons other than tax purposes, you must file the appropriate forms with the state of incorporation, which involves articles of incorporation that take the place of articles of organization filed for the LLC. Contact the Secretary of State office for the applicable state to find out the exact requirements and to obtain the necessary forms. You’d get an IRS letter confirming your corporate and S status.



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