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Changing from C-Corp to an S-Corp
My Michigan based company is changing from a C-Corp to an S-Corp at the beginning of 2014. It was an S-Corp many years ago but it has been a C-Corp for over ten years now. Other than filing Form 2553 and watching for built-in gains tax on assets sold within five years, is there anything else I need to do, be aware of, or watch out for?
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