LLC vs S-Corp & Entity Choice
“I want to convert my existing LLC into a C-Corporation to offer stock options to employees, what are the immediate tax consequences?”
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 treatment of any appreciated property, and whether the business has prior losses or retained earnings can also shape the result. Stock option planning adds another layer, since the corporate structure, equity awards, and future payroll or reporting obligations can all affect the tax picture. Sitting down with a CPA for thirty minutes is usually enough to draw a clean line on this.
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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