April 15, 2008, 2:16 pm
Should I switch from an S-corp. to an LLC?
LaToya wants to change her business's status with the IRS. Have you changed your company's status with the IRS? Tell us why you did it.
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Your article does not mention two items:
There are no tax consequences to the merger; and
The main reason clients contemplate the switch is superior asset protection. Unlike the S Corp, the LLC enjoys charging order protection.