[WSBARP] change from Inc to LLC

[Jimmy Garg]

It is allowed in Washington as of June 2014 I believe.  Should be able to keep same EIN.

Jimmy Garg, Esq.
Jimmy Garg, PLLC
300 Lenora Street # 1063
Seattle, WA 98121
206-580-3790 (p) 206-736-3218 (f)
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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Douglas Scott
Sent: Wednesday, December 14, 2022 11:11 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] change from Inc to LLC

Real Estate Company wants to change entities from an Inc to an LLC. Under Washington law this can be done by filing Articles of Conversion. We want to make sure there is no GAIN associated with this. If the Company would be required to apply for a new EIN, then provisions of Code Section 366 may apply which means gain recognition since the assets that were assigned to one EIN have been re-assigned to a new and different EIN. Would the new LLC be able to keep the same EIN?

DOUGLAS W. SCOTT
Rainier Legal Advocates|LLC

465 Rainier Blvd. N., Suite C
Issaquah, Washington 98027
425.392.8550 (tel)
425.392.2829 (fax)



www.rainieradvocates.com<http://www.rainieradvocates.com/>


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