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bearnaples

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    bearnaples

    i am converting llc ptr to be taxes as a s corp the llc has assets of 500,000 no liabilities and obviously 500,000 for member equity does member equity become stock ????

    #2
    Talk to your tax preparer.

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      #3
      Review TTB chapters 19 Scorp and 20 LLC that may better address your question
      Always cite your source for support to defend your opinion

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        #4
        bearnaples

        thanks taxnj I overlooked the elephant right in front of me

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          #5
          In addition to TTB

          Originally posted by bearnaples View Post
          thanks taxnj I overlooked the elephant right in front of me
          See if this article provides information you may want to consider

          https://www.linkedin.com/pulse/20141...-s-corporation
          Always cite your source for support to defend your opinion

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