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Home Q&A Forum Change from S-Corp to an LLC?
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Business

LLC

Texas

Asked on Jan 11, 2022

Change from S-Corp to an LLC?

I made an llc when I bought a rental property in houston. But I made it a s corp.

1 Attorney answer

Answer

Business

Texas

Answered 1006 days ago

T. Phillip B.

ContractsCounsel verified

Business Lawyer
Licensed in Illinois
Free Consultation

Making the change isn't hard and is a filing with the IRS. However, you are going to need to talk with someone (tax attorney or CPA) about potential tax consequences for any properties already owned by the LLC.

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