Our valued sponsor

Changing election for tax purposes

Cazorla

Active Member
Dec 30, 2020
51
3
8
30
Visit site
Hello,

If i set up a US LLC taxed as disregarded entity, when is the earliest I can change LLC to C-Corp for tax purposes and what would be a cost for it ? Also, I heard that after first change, the next one is possible after 5 years? But still, I would probably need only one time change, so would like to know when could be the earliest date to change it after creating LLC and what is the cost ?

Thank you.
 
I am planning to start as LLC disregarded entity for a 5-6 months or maybe a year. So I can change it to a C-Corp (in case i need) for tax purposes after those 5-6 months, right? I would just need to file some form with IRS? Is there any cost for that ?
 

Latest Threads