A conversion is when a company decides to convert their entity from one entity type to another entity type. Not all states allow conversions; in those states where a conversion is not recognized, one would need to dissolve their current entity and form their company as a new entity.
Taxrole is here to assist you every step of the way and can easily file your conversion documents on your behalf for a minimal service fee.…And remember, our services are backed by a 100% satisfaction guarantee or your money back!
Question: What if my state does not recognize conversions?
Answer: It depends on your specific state, but generally speaking, the state will require you to file a dissolution on your existing entity and then form your new company as a new entity. Taxrole™ can easily assist you every step of the way with both the dissolution of your old entity and the formation of your new entity.
Question: If my company files a conversion, will it affect or alter the companies tax obligations?
Answer: Generally speaking, a modification of any business entity may impact your legal rights and duties and may have certain tax implications. As such, we strongly recommend that you seek the advice of an attorney, an accountant and any other service provider as needed to review your individual facts and circumstances to make sure you are making the best choices for your business.
If you want to convert an LLC or incorporation to another business entity Taxrole™ can help by saving you both time and money with service that is fast, reliable, and affordable in processing the required documents for a minimal service fee.…And remember, our services are backed by a 100% satisfaction guarantee or your money back!
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