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It is possible to change a limited liability company (LLC) to a corporation, and it's a simple process in many states. But if you only want to become a corporation for its tax advantages, you can also remain an LLC and elect to be to be taxed as an S-Corporation.
It costs $600 to convert a Texas LLC to a Texas corporation ($300 to file the Certificate of Conversion plus $300 for the Certificate of Formation for the corporation).
To convert a Texas LLC to a Texas corporation, you need to: file a certificate of conversion including a certificate of account status with the Secretary of State. file a certificate of formation with the Secretary of State; and. adopt a plan of conversion and file it with the Secretary of State.
It is possible to change a limited liability company (LLC) to a corporation, and it's a simple process in many states. But if you only want to become a corporation for its tax advantages, you can also remain an LLC and elect to be to be taxed as an S-Corporation.
You can convert your Texas LLC to a Texas corporation without dissolving your business. You'll have to come up with a member-agreed upon Plan of Conversion, and file both a Certificate of Conversion of a Limited Liability Company Converting to a Corporation and a Certificate of Formation For-Profit Corporation.
How do I convert my Texas LLC to an S Corp? Converting an LLC to an S Corporation is a two-step process. First, you file Form 8832 with the IRS to have your LLC taxed as a corporation. Then, you file Form 2253 with the IRS to elect S Corporation status.
It's free. If you want to convert your LLC into an S-corp for tax purposes, you'll need to file Form 2553 with the IRS. There are no filing fees.
A limited liability company may convert into a corporation by adopting a plan of conversion in ance with section 10.101 of the Texas Business Organizations Code (BOC) and filing a certificate of conversion with the secretary of state in ance with sections 10.154 and 10.155 of the BOC.