Legal Questions and Answers

Get free proposals from vetted lawyers in our marketplace.

GET FREE PROPOSALS
No upfront payment required. Pay only if you hire.

Business

LLC

Texas

Asked on Jan 10, 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 260 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.

Meet some lawyers on our platform

Donya G.

58 projects on CC
View Profile

John P.

7 projects on CC
View Profile

Tabetha H.

11 projects on CC
View Profile

Anand A.

10 projects on CC
View Profile