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Discussion Archives:Form 2553 Ownership

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Discussion Forum Index --> General Chat --> Form 2553 Ownership


ThorpeP (talk|edits) said:

23 March 2010
In completing the Form 2553 (converting a C-Corp to an S-Corp in the state of Texas (a community property state), how should a husband and wife be shown with respect to ownership? Or is it okay to list only the husband? The husband is the only owner converting a sole proprietorship (owned prior to marriage) to a C-corp and then the S-Corp. Since the wife will not be involved in the business and will NOT be a stockholder, should both names be listed in Part I indicating 100% for the husband and zero% for the wife? Or should it be indicating some other way?

Thanks for any help.

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