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Subject:
Should this LLC become an S corp or other structure?
Category: Business and Money > Finance Asked by: eddy05-ga List Price: $20.00 |
Posted:
02 Nov 2005 13:23 PST
Expires: 02 Dec 2005 13:23 PST Question ID: 588126 |
I have a small business that's run for four years as an LLC. It's done nicely, grown to $2M in sales, is breaking even, has 13 employees. I need to give key employees and/or recruits potentially equity or options in the company. I may also need to get investors I think I need to change the business structure, but to what sort of structure? S corp? Full corp? I only vaguely know these terms, I'm not ... My questions: What are the questions I need to now consider in order to decide what sort of structure I want in moving away from being an LLC. 2) Is changing from LLC to other structure complicated? How do I do it -- and should I do it Jan 1 (the fiscal year)? |
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