Course 5.6 · 50 minutes
Changing Your Entity: Conversions, Elections, and Fixing the Wrong Choice
Move from one entity or tax status to another with the right election, in the right order, without triggering a tax bill you did not expect.
- Who it is for
- Owners who have outgrown their structure or want to fix it before a sale.
- Runtime
- 50 minutes
Pre-order: this course is in development and appears in your portal the day it is released. Buy 5 or more and every course is 30% off.
Instant download after payment. Nothing is withheld for a later purchase.
What you receive
- Entity Change Roadmap flowchart with the tax cost of every move
- Conversion Tax Cost Calculator covering built-in gains and liquidation (Excel)
- Election Filing Kit: Forms 2553 and 8832 and a revocation statement, annotated
- Pre-Conversion due diligence checklist
- F Reorganization step plan diagram in the house style
- The narrated lesson. 50 minutes, cued to the deck, with chapter markers by lesson. Emailed to you the day it publishes, at no extra cost.
What the course covers
- 01Why entities change, and the one rule: know the tax cost before you file anything4 min
- 02The free moves: sole proprietor to LLC, and LLC to S corporation7 min
- 03Partnership to S corporation: the deemed contribution and the agreement check6 min
- 04S corporation to C corporation and back: revocation, the five-year wait, and the built-in gains tax9 min
- 05Corporation to LLC: why it is usually a taxable liquidation5 min
- 06The F reorganization before a sale6 min
- 07Moving states and dissolving cleanly4 min
- 08Worked example: a partnership converting mid-year, and a C corporation with 2 million dollars of appreciation converting to S7 min
- 09Tricks of the trade and traps: January 1 timing, keeping the tax number, and the preferred return that voids the election2 min
How it fits: Requires 5.1 through 5.5. Pairs with 8.4.
The standard every course holds
- A narrated lesson of 45 to 60 minutes, produced as audio
- A designed slide deck you download and keep
- A computational workbook that runs the actual legal tests
- A toolkit of checklists and protocols
- A legal authority appendix carrying the two-pass vetting protocol
Written for a diligent reader with no legal education. Professionally narrated using a studio voice model of Brian T. Boyd. The course is recorded instruction, not a live consultation.
Where this course sits
Track 5: Entity Types for Businesses
This course is one step in a track built around a single outcome. See the full build order and the other courses that get you there.
Back to this trackEducational material from the private client curriculum of Brian T. Boyd. This is legal education for a general audience, not legal advice, and no attorney-client relationship is created by purchasing, viewing, or using it. Tax outcomes depend on your facts and your state.