Black Complex is currently an LLC and interested in converting the company to an S Corporation (S-corp). Companies can remain LLCs or choose to be taxed as a C-corp or S-corp if the company meets certain requirements.
Your team is going to summarize LLCs, C-corps, and S-corps. You will address the requirements and present the pros and cons of each.
Consider similar organizations and their business structure; benefits and deterrents to each structure; difficulty in obtaining designation; growth potential of each structure.