Yes. You can change the tax form of a LLLC by making what is called a "check the box" election on Form 8858. This will switch the LLC from a partnership (if i

Yes. You can change the tax form of a LLLC by making what is called a "check the box" election on Form 8858. This will switch the LLC from a partnership (if it has multiple owners) or disregarded entity (if it has only 1 owner) to a corporation. In effect, it will be treated as if the LLC distributed all of its assets to its partners, who then contribute those assets to a new corporation with the same name as the LLC. You may recognize income on the conversion, it depends.