Knoxville, TN asked in Business Formation for Tennessee

Q: I changing to a s corporation can I put my sole proprietorship under the new s corporation I live in Chattanooga Tenness

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1 Lawyer Answer
Anthony M. Avery
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Answered
  • Knoxville, TN
  • Licensed in Tennessee

A: Obviously you can... But you need an attorney's advice first. S Corporations require monthly profit/loss determinations, so you will probably be paying alot for accountants. An LLC or a regular C Corporation might work better. Have the attorney so advise as to all options first, before it is too late.

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