Is Conversion from a C-Corporation to an S-Corporation Right for your Company?

Is Conversion from a C-Corporation to an S-Corporation Right for your Company?

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By Stephen Kimberlin, CPA

A critical decision for any business is the choice of entity. It is not uncommon for a business to convert from one entity type to another as their business grows and changes. One common conversion is going from a C corporation to an S corporation. The election for this conversion is required to be filed by the 15th day of the 3rd month of the current year. Therefore, C corporations that are considering converting to an S corporation for the 2014 tax year should begin this process prior to the end of 2013. Read More

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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