The structure of your corporation can change as your business needs change. Your C corporation can change into an S-Corporation if your business meets the criteria and it makes sense for your business structure to decrease tax liability.
It is recommended to seek legal consultation to ensure that all documentation is filed correctly and that it is the right business move for your company. In some cases, you may be required to dissolve one entity and file a new one. Changing your corporation's structure can have significant legal, tax, and operational implications which must be resubmitted to proper channels. It’s important to get the correct legal advice before starting the process.