LLC vs S-Corp & Entity Choice
“I am dissolving my LLC to go back to a full-time corporate job, how do I officially close out my accounts with the IRS to avoid penalties?”
Closing out an LLC with the IRS often depends on how the business was taxed, whether it had payroll or sales tax accounts, and whether any final returns or information filings are still outstanding. The process can also vary based on whether the LLC was a single-member entity, a partnership, or elected corporate treatment, since each setup may involve different final reporting steps. State-level cancellation filings, bank account cleanup, and record retention can also affect how the wind-down is handled. In many cases, the key issue is making sure the entity is fully reflected as terminated across the IRS and any related tax accounts. A focused session can map this against your actual situation in plain English.
In your 90-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I formed a single-member LLC but forgot to get an EIN, can I just use my Social Security number on my Schedule C without issues?”
“I am transitioning my W-2 income into a consulting business, does electing S-Corp status actually lower my self-employment tax?”
“My solo business is making about the same as my old salary, should I switch from a sole proprietorship to an S-Corp?”
“I have a profitable side hustle on top of my day job, is it worth the administrative cost to form an LLC just for that income?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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