I want to convert my existing LLC into a C-Corporation to offer stock options to employees, what are the immediate tax consequences?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Converting an existing LLC into a C-Corporation can have immediate tax consequences that often depend on how the LLC is currently taxed, whether it is single-member or multi-member, and what assets, liabilities, and built-in gains are moving into the new entity. The timing of the conversion, the tre For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.