Business/legal conversion

Can I change my LLC to a 501c3? To change an LLC to a nonprofit organization, do the following: Transfer the LLC’s assets and liabilities to the corporation. Develop an operating agreement with clearly defined nonprofit clauses. File Form 1023 with the Internal Revenue Service (IRS) Read more on www.upcounsel.com You might be unsure if … Read more

How does an LLC elect as C Corp? Although an LLC cannot simultaneously be a corporation for purposes of a state’s business entity laws, it does have the option to elect C corporation tax treatment by filing an Entity Classification Election (Form 8832) with the U.S. Internal Revenue Service (IRS). Read more on info.legalzoom.com C … Read more