Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Corporations

I am working for llc company and my owner promised me some ratio of profit ...but will it affect?


my rights if he changes from llc to S Corp as i have no financial holding in the company it's like operating profit

The structure of the corporation doesn't matter if your contract is clear about what constitutes profit and what you're entitled to. Make sure to rectify the situation if your contract is verbal or vague. Otherwise, it is too easy for there to be no "profit" as all the income is paid out as salaries to the owner.
in the first place, you can't "change" a LLC to a S corp. You can dissolve the LLC and start a S corp but not change to.

The S corp can pay you just like an LLC can pay you.
Get it in writing,,
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