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
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