USA Defaulted to C corp remedies


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Llc partnership with multiple partners purchased stock of an Scorp. This defaulted into C-corp. What are our options to continue to be taxes as an s-corp. Can the llc sell or assign the shares to the individual partners. And choose to be taxes as s corp from original transaction under relief of not having knowledge of defaulting into a c corp
 
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This article may be applicable to your situation.
)).

However, more than anything else I would suggest hiring a CPA and explaining to them the situation of your company and see what they recommend.
 

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