Switching from LLC to S-Corp

MishaAmI · #1 Jun 2, 2006, 06:58 AM

We've been an LLC for just a couple of months and have decided to become an S-Corp. We're in NY. We've got start-up costs invested and don't want to take a loss on our personal return when we dissolve the LLC - we'd rather get this money back. Can we transfer the assets and liabilities to the new S-Corp?

rphelman · Mar 13, 2007, 09:50 PM

Quote:

Originally Posted by MishaAmI

We've been an LLC for just a couple of months and have decided to become an S-Corp. We're in NY. We've got start-up costs invested and don't want to take a loss on our personal return when we dissolve the LLC - we'd rather get this money back. Can we transfer the assets and liabilities to the new S-Corp?

Switching from an LLC to S-Corp



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!