Yes, though the process depends on your company’s current classification, and which classification you seek. For example, for a partnership to become a corporation, you may need to file the appropriate paperwork, issue stock, and set up annual shareholder meetings. Changing your business’s tax classification may also change the way your company is taxed, as well as your personal tax liability, and you’ll likely need to file an entity < ahref=”https://www.irs.gov/forms-pubs/about-form-8832″ target=”_blank”>classification election form with the IRS.