Florida Registered Agent
How to Convert a Florida LLC to a Corporation (and Vice Versa)
In Florida, there is a fairly simple process by which to convert an LLC into a Corporation, or vice versa. Conversions, however, often come with an array of tax implications. The Division of Corporations specifically suggests consulting an attorney and a tax professional before converting.
Florida Registered Agent LLC does not handle conversions.
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Tax Implications for an LLC to Corporation Conversion＋
The IRS treats a statutory conversion as a transfer of assets and liabilities from the LLC to the corporation in exchange for shares of stock, followed by the liquidation of the LLC. While this is the normal course of events, there may be special consequences for your particular company. You should meet with a tax professional to fully understand the tax liabilities of a conversion.
Tax Implications for Corporation to LLC Conversion＋
Unfortunately, converting from a corporation to an LLC is often costly. The IRS views such a conversion as a liquidation of the corporation. Just as with a normal liquidation, the corporation itself must pay a tax, and the shareholders are also required to pay a tax on the assets gained in the liquidation.
It is possible to lessen this tax burden by electing for the new LLC to continue to be taxed as a corporation. However, this may not be ideal for your business over the long term.
You should consult with a tax professional to determine the best path forward for your business.