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Hi from just Answer. I'm PDtax.
Corporate ownership of an S corp is not allowed. You might have to revoke your ABC Store Inc S status to have corporate ownership.
The other issues, such as changing the S corp name, are easily addressed, even online at your state secretary of state web portal.
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It may be possible in your state to directly convert your s corp to an LLC. Other states require a statutory merger of your s corp and a new LLC, with the LLC being the survivor entity.
You can set up the parent-child relationship so that the parent pays ask salaries.
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