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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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Lyttle
Level 1
05-24-2023
01:19 PM
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Are there any experts here that would be interested in offering mentorship and/or guidance on S Corp conversions and the process to complete in doing this from LLC? Will pay consulting fee to help.
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George4Tacks
Level 15
06-23-2023
01:05 PM
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You should probably direct the client to seek some legal assistance. Corporations are controlled by the individual state and they have LEGAL requirements to meet. For example here is California. I think this professional is advising you that you are attempting to do something that is outside the scope of your practice.
https://www.sos.ca.gov/business-programs/business-entities/conversion-information
Answers are easy. Questions are hard!
