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Personal Finance (Not Investing) • Transition from S-Corp back to sole proprietor?

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DW is self employed. Several years ago our then accountant had her setup as an S-corp LLC. We have a new accountant now but it doesn’t seem worth all the extra bookkeeping and Administrative fees to keep this going for a small return. Her Gross Income is averaging between $100/120k. Does it make sense to just go back to sole proprietorship and if so what is the process for this?
Thanks much!

Statistics: Posted by Fishing2retire — Sat Nov 30, 2024 8:00 am — Replies 0 — Views 52



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