Conversion from C-Corp to S-Corp
Conversion from C-Corp to S-Corp
Professional assistance with C-Corporation to S-Corporation conversion
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About Service
- Evaluation of eligibility for S-Corporation election
- Review of shareholder structure and ownership restrictions
- Analysis of tax implications and built-in gains exposure
- Advisory on timing and effective date of S-Corporation election
- Preparation and filing of Form 2553 (Election by a Small Business Corporation)
- Coordination with state S-Corporation election requirements
- Review of corporate bylaws and shareholder agreements for compliance
What to expect?
- Clear assessment of whether S-Corporation status is beneficial
- Accurate and timely filing of S-Corporation election
- Compliance with IRS eligibility and timing rules
- Reduced risk of invalid elections or unexpected tax exposure
- Transparent communication and conversion timelines
Ready to begin? Share these details with us
- Legal name of the corporation and EIN
- State of incorporation
- Shareholder list with ownership percentages
- Copy of Articles of Incorporation and bylaws
- Prior year and current year tax returns
- Accumulated earnings and profits (if available)
- Desired effective date for S-Corporation status
Deliverables
Based on the agreed engagement scope, clients will receive:
- S-Corporation Eligibility & Tax Impact Summary
- Filed Form 2553 and IRS Acknowledgment
- State S-Corporation Election Filings (if applicable)
About Service
- Evaluation of eligibility for S-Corporation election
- Review of shareholder structure and ownership restrictions
- Analysis of tax implications and built-in gains exposure
- Advisory on timing and effective date of S-Corporation election
- Preparation and filing of Form 2553 (Election by a Small Business Corporation)
- Coordination with state S-Corporation election requirements
- Review of corporate bylaws and shareholder agreements for compliance
What to expect?
- Clear assessment of whether S-Corporation status is beneficial
- Accurate and timely filing of S-Corporation election
- Compliance with IRS eligibility and timing rules
- Reduced risk of invalid elections or unexpected tax exposure
- Transparent communication and conversion timelines
Ready to begin? Share these details with us
Clear assessment of whether S-Corporation status is beneficial
Accurate and timely filing of S-Corporation election
Compliance with IRS eligibility and timing rules
Reduced risk of invalid elections or unexpected tax exposure
Transparent communication and conversion timelines
Deliverables
Based on the agreed engagement scope, clients will receive:
- S-Corporation Eligibility & Tax Impact Summary
- Filed Form 2553 and IRS Acknowledgment
- State S-Corporation Election Filings (if applicable)