How to convert your LLC to a C-Corp without losing its age—and here’s how! 🏢
1️⃣ File a Certificate of Conversion (if your state allows it):
Many states offer a streamlined process where you can file a Certificate of Conversion alongside your Articles of Incorporation. This preserves your LLC’s age while officially changing its structure.
2️⃣ Update Your EIN Information:
While your EIN stays the same, you’ll need to notify the IRS of your new structure by filing IRS Form 8832 to elect C-Corp tax status.
3️⃣ Amend Business Documents:
Update your operating agreement, bank accounts, and other legal documents to reflect the change. This ensures seamless operations moving forward.
4️⃣ Notify Credit Bureaus and Vendors:
Let Dun & Bradstreet, Experian, and Equifax know about your structure change to maintain your credit profile’s integrity. Vendors and lenders should also be informed to avoid confusion.
5️⃣ Consult an Expert:
Every state has unique requirements. Work with a professional to ensure compliance and protect your business history.
Why is this important? Preserving your LLC’s age maintains credibility and enhances your ability to secure funding, contracts, and other opportunities tied to your business’s history.
