When you first incorporated, you either remained a C Corp or elected to become an S Corp, but you may wonder if you can change your status. Companies might want to pursue a change because of a shift in the market, new tax legislation, or because of new growth opportunities.nnWhen the 2017 Tax Cuts and Jobs act passed, many small businesses evaluated changing from S Corp to C Corp because of the lowered corporate tax. Then there were also C Corps that wanted to switch to S Corp because the same Act provided a 20% deduction for pass-through entities.nnIt might be possible to change the status, but it depends on your company and individual state laws. Always consult with your tax advisors when deciding on your tax status.