llc
Can a S Corp construction co turn its self into a LLC co in California.
Re: llc
You cannot simply "transform" the S-Corp into an LLC. You will have to form an LLC, and then transfer everything over to the new LLC and wind-up the corporation. There are substantial tax implications of making this kind of election, so it is imperative that you discuss with a tax attorney or a CPA how best to structure the deal to reduce or eliminate any tax implications.
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