Professional Entity Transition Services | Strategic Business Restructuring
| From → To | Key Benefits | Primary Considerations | Timeline |
|---|---|---|---|
| Sole Proprietorship → LLC | Limited liability protection, tax flexibility, professional credibility | Filing fees, ongoing compliance, separate banking | 2-4 weeks |
| LLC → S Corporation | Self-employment tax savings, employee benefits, investment attraction | Payroll requirements, ownership restrictions, tax elections | 4-6 weeks |
| LLC → C Corporation | Maximum liability protection, unlimited growth potential, investor appeal | Double taxation, complex compliance, corporate formalities | 6-8 weeks |
| Partnership → LLC | Enhanced liability protection, management flexibility, tax pass-through | Operating agreement revision, member equity restructuring | 4-6 weeks |
Current Business Assets (check all that apply):
Current Business Liabilities (check all that apply):
Current Tax Considerations:
Current Licenses & Permits (check all that apply):
Comprehensive review of current entity structure, business goals, and conversion objectives. Alliance specialists analyze tax implications and recommend optimal entity structure.
Duration: 1-2 weeks | Alliance Services: Business consultation, entity analysis
Preparation of all necessary legal documents, including articles of incorporation, operating agreements, asset transfer documents, and regulatory filings.
Duration: 2-3 weeks | Alliance Services: Legal documentation, compliance review
Systematic transfer of business assets, assumption of liabilities, and restructuring of existing contracts and agreements to reflect new entity structure.
Duration: 2-4 weeks | Alliance Services: Asset valuation, transfer procedures
Filing of all required state and federal forms, obtaining new tax ID numbers, updating licenses and permits, and ensuring full regulatory compliance.
Duration: 3-4 weeks | Alliance Services: Filing management, compliance verification
Filing appropriate tax elections, establishing new accounting systems, and integrating financial operations with the new entity structure.
Duration: 2-3 weeks | Alliance Services: Tax planning, accounting integration
Final verification of conversion completion, establishment of ongoing compliance procedures, and provision of continued Alliance support services.
Duration: 1-2 weeks | Alliance Services: Verification, ongoing support
Comprehensive support throughout your entity conversion process:
Strategic planning and entity structure optimization based on your specific business goals and industry requirements.
Comprehensive tax implication analysis and strategic tax planning to maximize benefits of your entity conversion.
Professional legal assistance for complex conversion procedures, document preparation, and regulatory compliance.
Financial statement adjustments, tax reporting setup, and ongoing accounting services aligned with your new entity structure.
By signing below, I authorize Alliance for Contractors to proceed with the business entity conversion analysis and request comprehensive consultation services.
Business Owner Signature
Date
Alliance Representative
Date
Legal & Tax Disclaimer: This form is for informational and consultation purposes only. Entity conversion involves complex legal and tax implications that vary by jurisdiction and individual circumstances. Alliance for Contractors provides business consulting services and will coordinate with qualified legal and tax professionals as needed for your conversion process.
Professional Services: Specific legal documentation, tax filings, and regulatory compliance will be handled by licensed professionals within the Alliance network or through approved third-party specialists.
Next Steps:
Contact Information:
Alliance for Contractors Entity Conversion Division
Phone: [Phone Number] | Email: [Email Address]
Emergency Consultation Line: Available 24/7 for urgent conversion matters
Document Version: BEC-2024.1 | Effective Date: January 2024