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Single Member LLC in Illinois - converting LLC to C-Corp for funding

Started by this_cant_be_right_18 · Oct 30, 2023 · 1,606 views · 0 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
TC
this_cant_be_right_18 OP

I'm dealing with a situation in Illinois and need some guidance.

converting LLC to C-Corp for funding. I've been dealing with this for about 3 months now and the situation isn't improving.

I have already done some research online but got conflicting advice.

Has anyone been through something similar? What worked for you?

TSC
debtfree_someday_15

Important to note: statutes of limitations vary by state. In California it's generally 4 years for written contracts and 2 years for oral contracts. Don't wait too long to take action or you might be time-barred just saying.