This may be interesting: I wouldn’t really advise an LLC Medical Device midsize, 50 person, $10 million revenue company operating as an LLC to revert to the status of a public company. Considering the advantages and disadvantages of both a private vs a public company, we notice that the Medical device company operating as an LLC has assumed a position that could easily be described as half and half in terms of financial operation compared to both the proprietorship and publicly run financial institutions. For example, unlike the proprietorship, the owner’s bank account is not intertwined with the business account; nevertheless, the company is considered owned by this investors to the extent evaluated from the value of each of their original investments; meanwhile their personal property, unlike with the case of a proprietorship, is being legally fully shielded from being affected negatively impacted by events that may negatively affect the company’s life. And, unlike the case of publicly run financial institutions, their financial operations are kept private and do not have to spend to hire personnel to do the reporting to SEC.
They can raise money by selling shares like publicly run financial institutions and even pay dividends to share holders following the outcome of their operation. And like both a proprietorship and an S-Corp, they profit is taxed only once.

So, if anything were to go wrong with this midsize, Medical devise company operating as an LLC, it would not be because of its set up as a financial institution.

In my opinion, an LLC is set properly to be productive; it does not have to be international to be productive. Remember, being private does not really mean small. A private company like an LLC can easily be so well off financially that it can buy other companies. Biomed is an example that got bought over by a privately owned company; yet it was a billion dollar financial institution.

So my advise to this midsize company operating as an LLC will not be that they transform into an “Inc” operated financial institution, it will be that they look closely at and carefully into how well their employees are being treated and how well their departments communicate with one another in terms of functionality.