LLC to S Corp Conversions and S Corp to LLC Conversions: Benefits and Caveats, Step-by-Step Examples
Recording of a 110-minute CPE webinar with Q&A
This webinar will explain the advantages and disadvantages of LLC to S corporation conversions and S corporation to LLC conversions. Our panel of partnership experts will address critical considerations before changing an entity classification, including when a business' circumstances warrant a change, and they will walk tax professionals through the process of changing an entity's tax classification.
Outline
- LLC to S corporation
- Benefits of conversion
- Caveats
- Steps to conversion
- S corporation to LLC
- Benefits of conversion
- Caveats
- Steps to conversion
- Best practices
Benefits
The panel will review these and other critical issues:
- Identifying entities that could benefit from LLC to S or S to LLC conversions
- Applying Revenue Procedure 2022-19 to avoid conversion missteps
- Understanding the caveats of LLC to S corporation conversions
- Examples of the steps needed and options available to transfer S corporation ownership to an LLC
Faculty
John T. Alfonsi, CPA
Managing Director
Cendrowski Corporate Advisors
Mr. Alfonsi has 25 years of tax consulting, business valuation, litigation support and forensic accounting experience.... | Read More
Mr. Alfonsi has 25 years of tax consulting, business valuation, litigation support and forensic accounting experience. In the tax planning and consulting arena, he works primarily with partnerships and with private equity, venture capital and hedge funds.
CloseMarcus E. Dyer, CPA, JD
Principal, Team Leader of Tax Controversy
Withum Smith+Brown
Mr. Dyer manages and reviews all aspects of federal and state tax compliance for C-corporation, S corporation and... | Read More
Mr. Dyer manages and reviews all aspects of federal and state tax compliance for C-corporation, S corporation and partnership returns, including consolidated C-corporation returns. He advises businesses on a wide array of tax matters including but not limited to reorganizations and employee benefits. He manages and reviews all aspects of the preparation of high net worth individual returns and conducts tax research on federal and state tax issues. He also handles tax controversies, including at the examination, appeals and collections stages.
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CPE credit is not available on downloads.
CPE On-Demand