converting S-Corp to sole proprietorship

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07-25-2008, 03:37 PM

drcasey

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Join Date: Jul 2008

Posts: 1

converting S-Corp to sole proprietorship

I am a psychologist and have a small part-time private practice that is an S-Corp in CA. I'm finding that it doesn't make financial sense to keep the S-Corp status as the revenue is not great and I have to pay $800/year for CA taxes.

How do I dissolve the S-Corp and continue the business as a sole proprieter?

« Schedule C & S Corporation | reasonable compensation for commission-based business »

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