How to Convert Your Coaching LLC to C-Corp in Connecticut (2026)
As your coaching business in Connecticut grows, you might consider converting your LLC to a C-Corp. This move can unlock significant advantages, such as attracting investors and offering stock options to employees. However, it also comes with increased complexity and compliance requirements. This guide will walk you through the process, tax implications, and key considerations for converting your coaching LLC to a C-Corp in Connecticut in 2026. Let Lovie handle the complexities while you focus on coaching.
When to Convert
Conversion Steps
- Assess Your Needs and Consult Professionals: Determine if conversion is the right move for your coaching business. Consult with a CPA, attorney, and financial advisor to understand the tax, legal, and financial implications. Consider using Lovie to streamline the information gathering process.
- Prepare a Plan of Conversion: Draft a detailed plan outlining the conversion process, including the exchange of LLC membership interests for C-Corp stock. This plan must comply with Connecticut General Statutes Chapter 615.
- Approve the Plan of Conversion: Obtain approval from all LLC members, as required by Connecticut law and your LLC operating agreement. Document the approval in meeting minutes.
- File Certificate of Incorporation: File a Certificate of Incorporation with the Connecticut Secretary of the State, along with the required filing fee ($250 in 2026). This officially creates the C-Corp.
- File Articles of Termination (LLC): Once the C-Corp is formed, file Articles of Termination for your LLC with the Connecticut Secretary of the State to formally dissolve the LLC.
- Obtain an EIN from the IRS: Apply for a new Employer Identification Number (EIN) from the IRS for your C-Corp. This is required even if your LLC already had one.
- Transfer Assets and Update Contracts: Transfer all assets from the LLC to the C-Corp. Update all contracts, bank accounts, and licenses to reflect the new entity name and EIN. Lovie can assist with managing these updates.
Start your formation with Lovie — $20/month, everything included.