Small Business Financial ManagementDecember 31, 2024
How to Convert an S Corporation to an LLC: A Step-by-Step Guide for Business Owners
Some business owners choose to convert their S corporation back to an LLC due to the complexity and administrative burden of maintaining S corp status. This decision often comes from realizing that the S corp structure may have been adopted prematurely or no longer suits the business’s needs. The strict requirements and formalities of an...