Dive into the process of changing the entity type of an existing company, specifically from a corporation to an LLC or vice versa with this info packed episode.
Paul highlights the various implications of such a change, including alterations to tax forms, bookkeeping practices, and partner payment structures. Listeners gain valuable insights into the meticulous accounting work involved in zeroing out assets, transferring balances, and ensuring accurate records.
The episode emphasizes the importance of seeking multiple professional opinions and offers practical recommendations based on different business scenarios.
📰 Newsletter: https://paulrosenblum.substack.com/
🌞 YouTube: https://www.youtube.com/@Bookkeepermensch
💸 Website: https://bookkeepermensch.com/
🎧 Podcast Strategy & Management, Coffeelike Media: https://www.stephfuccio.com/
🎵 Music: SourceAudio: https://www.sourceaudio.com/
📨 Email: Bookkeepermensch@gmail.com
Dive into the process of changing the entity type of an existing company, specifically from a corporation to an LLC or vice versa with this info packed episode.
Paul highlights the various implications of such a change, including alterations to tax forms, bookkeeping practices, and partner payment structures. Listeners gain valuable insights into the meticulous accounting work involved in zeroing out assets, transferring balances, and ensuring accurate records.
The episode emphasizes the importance of seeking multiple professional opinions and offers practical recommendations based on different business scenarios.
📰 Newsletter: https://paulrosenblum.substack.com/
🌞 YouTube: https://www.youtube.com/@Bookkeepermensch
💸 Website: https://bookkeepermensch.com/
🎧 Podcast Strategy & Management, Coffeelike Media: https://www.stephfuccio.com/
🎵 Music: SourceAudio: https://www.sourceaudio.com/
📨 Email: Bookkeepermensch@gmail.com