Problem with Entity Choise..To late to change?
XtremeVisions
subscriber Posts: 1
Hello,
I am starting up a business and recently began the process as a Virginia resident. I did, however, go a little out of order. I have registered a EIN number with the IRS as an LLC, acquired my City business license `XYZ, LLC`, paid over 300.00 to get my DUNS account started as `XYZ, LLC` and acquired about 4 Credit accounts with the EIN and DUNS # as `XYZ, LLC`. One thing I have not done is register with the SCC and DOT yet.
Since I have began, I have had several key factors change in the organization that has warranted me to not only change the company name, but entity structure. I know the name change would not be such a big deal, however the entity change might be. I want to change to an S Corporation. At this point what would be my best effort be in accomplishing this?
Any help would be appreciated.
Thankyou.
I am starting up a business and recently began the process as a Virginia resident. I did, however, go a little out of order. I have registered a EIN number with the IRS as an LLC, acquired my City business license `XYZ, LLC`, paid over 300.00 to get my DUNS account started as `XYZ, LLC` and acquired about 4 Credit accounts with the EIN and DUNS # as `XYZ, LLC`. One thing I have not done is register with the SCC and DOT yet.
Since I have began, I have had several key factors change in the organization that has warranted me to not only change the company name, but entity structure. I know the name change would not be such a big deal, however the entity change might be. I want to change to an S Corporation. At this point what would be my best effort be in accomplishing this?
Any help would be appreciated.
Thankyou.
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