LLC to S Corp Conversion Kit Program by William Bronchick

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Summary

• William Bronchick – LLC to S Corp Conversion Kit Do you have one?-member (single)-owner) LLC?

• If you are the only member of the household, you might be paying too much tax!

• The majority of small businesses-Business people start an LLC As “single-member”Either as the sole owner, or as husband and wife. They chose the default tax designation, which they called “disregarded”.

• This means that the LLC Federal income tax purposes are ignored.

• The member or members must report their business activity on form 1040, their PERSONAL tax return.