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I've always thought converting an LLC to a C-Corp is either not possible or prohibitively expensive, even for a growing startup. Is that the case? Also Nevada
by TameAntelope 6y ago
I've always thought converting an LLC to a C-Corp is either not possible or prohibitively expensive, even for a growing startup. Is that the case?
Also Nevada? That's new to me!
- bitL 6y agoIt's possible, I once went through that process, but it took ages. But if you want substantial external financing, there is no other option.
- dpifke 6y agoLLC to C-Corp is easy and inexpensive. There can be huge tax consequences of going the other way around, though. I've been involved in several startups which enjoyed favorable tax treatment as an LLC, and then converted to a C-Corp upon the first round of outside financing.