4 ms·

Will there be a way for a C-Corp to change into an LLC?

• patio11 8y ago
  There's a great and very common use case for LLC to C corp, so we prioritized building that. I'd love to hear what your use case is for the other way around; if it is something which creates a lot of value for a lot of founders, we'll certainly consider supporting it in the future. Speaking broadly: You can always work with lawyers/accountants to see about the feasibility of converting your C corp into an LLC. We just haven't worked to specifically enable it in the fashion that we attempted to smooth out LLC-to-C-corp.
  • nzoschke 8y ago
    I'll add another vote for this. My use case is that I used Atlas to incorporate quickly -- which was lovely -- but the business is turning out to be a solo venture and the C Corp is overkill. The real user need is a way to reduce business operations time and cost for a small biz.
• lfittl 8y ago
  If you're primarily looking for pass-through taxation it might also be worth looking at electing your C-Corp to be treated as an S-Corp: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations https://www.irs.gov/businesses/small-businesses-self-employe... (not a tax advisor / CPA, talk to one for actual specifics)