This Form Is Used As A Pre-Conversion Worksheet For Those Wanting To Convert Their Current S-Corporation Over To An LLC. You Should Have Already Consulted Our Business Entity Specialist. If Not Please Email Russell at [email protected]

S-Corp Conversion To LLC (Worksheet)

S-Corp TO LLC Conversion (Worksheet)

Old S-corp Structure (Being Converted)

Name Of S-Corporation Being Converted

State Secretary Of State Entity Number (Aka Ca Corporation Number On Articles)

If the number is not handy and you are a current Corporate Tax Client with our tax office, Type Current Client in this field and we will pull that information.

Current Management Structure Of The S-Corp Being Converted *

Single Shareholder Owned

Multiple Shareholder Owned

Are All Current Shareholders Continuing As Partners On The New LLC ?

Yes

Yes But At Some Point There Will or May Be Partner Changes

The difference between Corporations & LLCs is that Corporations use the term "Shareholders" as Owners, and LLC's Use the terms Partner/Member instead. LLCs must have at least two partners because it is considered a partnership where as S-corporations can be owned by One Shareholder or more. If an LLC is to be run by only one partner it will be converted to an SMLLC (Single Member LLC) which has some draw backs.

Notes Or Questions On Shareholders or Partners ?

Was the plan and decision to convert this S-Corp to an LLC approved by a majority vote?

Yes

New LLC Structure

An LLC is considered a partnership. If you are converting an S-corp over to an LLC you will want to have at least two partners on the newly structured LLC.

Name Of New LLC (Usually the same name as Converting S-corp) *

Guidance: Conversions from s-corporation over to LLC usually keep the same name only instead of INC. at the end of the name LLC will be used.

Will The New LLC Be Managed By One Manager Or All LLC Members?

One Manager

All LLC Members

This question has to do with the day to day operations of the LLC and how the LLC will be managed. There can be a main member that manages the company or it can be set up that multiple LLC partners will be running it.

Need To Change The Current Business or Mailing Address ? If So Use This Field.

Street Address

Apartment/Building/Suite #

City

State/Province

Zip/Postal

Name Of Partner # 1

First

Last

Partner #1 Percentage of Ownership. *

Please List The Percentage Of Ownership Main Partner # 1 Will Hold. (I.g. 51% etc.)

Name Of Partner #2

First

Last

Partner # 2 Percentage Of Ownership. *

Please List The Percentage Of Ownership Main Partner # 2 Will Hold. (I.g. 51% etc.)

Name Of Partner # 3 (If Any)

First

Last

Partner #3 Percentage of Ownership. (If Any) *

Please List The Percentage Of Ownership Main Partner # 3 Will Hold. (I.g. 51% etc.)

Business Info

Business Purpose (brief description) *

Since your Corporation is being converted to an LLC please confirm your Businesses purpose. If expanding from your original scorp's Business Purpose this is the time to update it.

Business Email Address

Primary Email

Official Contact Cell Phone

Primary contact number

Payment Method & Authorization (For Our Fees)

Please authorize & choose your method of payment for our services. This ONLY Authorizes us to process the fee that your Representative gave you during your consult.

Please Select One

I was provided a quote for these services & I authorize payment. Please run my payment anytime using my selected payment type below.

I was NOT provided a quote or do not remember the amount. Please hold all payment processing until I confirm with my Wagner Associate.

Which Payment Method Is Preferred? *

ACH Checking Or Savings Account (no fee)

Credit/Debit Card (fee applies 1.5% - 2.4%)

Not Provided Quote or Unsure Of The Fees

Company Name

First & Last Name Of Person On Account

Type Of Bank Account

Consumer Checking (Personal)

Business Checking

Other

Please Choose One

Bank Name

Bank Account Number

Bank Routing Number

Your Cell Phone Number

Your Email Address

Electronic Signature

Please Type Your Your Signature — An"electronic signature" is a method of signing an electronic form that— (A) identifies and authenticates a particular person as the source of the electronic signature; and (B) indicates such person's authorization and approval.

Card Information

This Secure Form Is Used To Provide Us With Your Prefered Payment Method For Services From Our Firm. We Will Not Process Any Payment Using This Criteria Unless & Until You Have Communicated & Agreed Upon Terms & Amounts.

Person/Dept Of Contact

Please choose the person or department in our firm you are submitting this secure form to.

Client Name / Company Name

Type Of Card

Master Card

Visa

Atm Debit Card (Visa M/C)

Please Choose One

Card Number

Name As It Appears On Card

Expiration Date

MM/YY

3 Digit Code (CVV)

3 or 4 digit code on back of card.

Billing Zip Code

Your Email Address

Cell Phone

Send Us A Note

Share Any Questions Or Concerns.

If you are human, leave this field blank.

Corporate Conversions in California can take Between 30-90 Days. If you are concerned and want quicker filing, expedited rush service is available for $360. If you want this service please let us know by email ASAP!