How To Change From Sole Proprietor To LLC (How To Convert/Switch From Sole Proprietor To LLC)

How To Change From Sole Proprietor To LLC (How To Convert/Switch From Sole Proprietor To LLC). In this video tutorial I will show you how to change from Sole Proprietor to LLC.

A sole Proprietorship comprises a single owner, while a Limited Liability Company (LLC) can have one or more owners. Hiring employees, protecting personal assets, saving money on taxes, and adding one or more business partners are reasons to change from Sole Proprietorship to LLC. Here is how you can change from Sole Proprietorship to LLC:
1. Pick a preferable name for your LLC.
2. Get a registered agent to receive important legal and financial documents for the LLC.
3. Start filing the articles of organization.
4. Prepare your LLC operating agreement.
5. Make a notice to announce your LLC.
6. Apply for a new Employer Identification Number (EIN) through the Internal Revenue Service (IRS)
7. Open a new bank account for the LLC.
8. Apply for new business licenses and permits for the LLC.

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