How Do I Change My LLC to an S Corp in Kansas?

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Reasons to Switch to S Corporation

  • Tax savings
  • Self-employment tax benefits

Instructions for Switching to S Corporation

  1. Check eligibility
  2. Note form deadlines
  3. Complete and file Form 2553
  4. Get shareholder resolution
  5. Merge S corporation into existing LLC

LLC to S Corporation Conversion

  • Confirm eligibility
  • File Form 2553
  • Get shareholder resolution
  • Merge S corporation into existing LLC

How to Change from LLC to S Corporation

  • File Form 2553
  • Have all shareholders sign the form

Benefits of Changing to S Corporation

  • Tax savings with lesser taxation on profits
  • Easy ownership transfer through company shares
  • Reduction in self-employment taxes

Conclusion

  • Evaluate pros and cons before deciding between LLC and S corporation
  • Seek professional advice before making any tax-related changes

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