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Conversion of S Corp to LLC

December 22, 2016 • Eric Hansen • Log In to Post Comments

Is there a filing deadline to file Form LLC-1A to convert a California S Corporation to a California LLC to be effective 1/1/2017?

The S Corp is owned by husband and wife 50-50.  Can you report the converted LLC as a single member LLC on their 1040 for 2017 or must it file a Form 1065 and Form 568?

I assume the EIN does not change.  Is there some sort of notification to the IRS of the change? 


Comments

You can't elect to treat an S corporation as an LLC unless the entity was an LLC that elected corporate taxation. You must dissolve and reform.This is done at the federal level, not California.

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