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Thanks for your reply I really appreciate the advice. I think I will eventually need to be a C-corp.

Is it a real hurdle to transfer an LLC to a C-corp?

Illinois resident and business owner here.

Our company is an LLC (set up on the Secretary of State website for $150) but we elected to be taxed as an S-Corporation by filling out and submitting the FREE Form 2553 obtained from the IRS website. We had this set up 8 years ago and have not had any problems/issues since. I'm sure you can do the same for a C-Corp.

The link to the IRS Tax-Election section is https://www.irs.gov/businesses/small-businesses-self-employe....

Let me know if you have any additional questions.

Good luck.

In most states, I think it is pretty straight forward and can be done with a service like legal zoom.

As for the type of business entity, this is the best article have found that explains the different types and when you would need them. https://www.toptal.com/finance/interim-cfos/c-corp-vs-s-corp

Hope this help

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