10701 Corporate Dr. Ste 340-104, Stafford, TX 77477

logo
  • Home
  • Contact Us
  • About Us
  • Practice Area Overview
    • Asset Protection
    • Business Law Services
      • Business Formation
      • Business Contracts
      • Documents for Startup Businesses
    • Estate Planning
    • Wills and Trusts
  • Blog
  • Contact Us

Converting from a Sole Proprietorship to a Limited Liability Company

January 4, 2022 by Sandra Ighalo

Can You Do It? How Easy Is It? What Do You Have to Do?

Converting from a Sole Proprietorship to a Limited Liability CompanyWhen you first went into business for yourself, you may have been wearing just about every hat, handling everything yourself. At the time, it made sense to run the business as a sole proprietorship. But your business has grown into a thriving enterprise, and you may even have investors or individuals that you want to bring into the business. You’ve done your homework and believe that a limited liability company will meet all your needs. Can you convert the sole proprietorship to an LLC? If so, is it a complicated process? What steps will you need to take to formally change your business structure?

Can You Convert a Sole Proprietorship to a Limited Liability Company?

The simple answer is yes. There’s no legal reason why you can’t change your business form from a sole proprietorship to a limited liability company (or even a corporation, for that matter). When you went into business as a sole proprietor, you likely filed minimal documents with the state or local government. You may have obtained a business license (if necessary) and you may have filed some form of certificate of assumed name, if you operated the business in any name other than your own.

Accordingly, if you’re currently operating as a sole proprietor, but now want to give yourself and your company the added benefits of an LLC, you’ll simply form the LLC exactly the same way you would have, had you not conducted any prior business. Though the process is not overly complex, you’ll find it much easier if you work directly with an experienced attorney. A knowledgeable lawyer will help you:

  • Select and register a business name that won’t cause conflict with other existing enterprises, and will help identify your goods and/or services
  • Ensure that the name you select complies with state business formation laws
  • Complete any filings required by the state to set up your business
  • Implement an operating agreement that sets forth the rights and responsibilities of all members of the LLC, as well as the management and operation of the business
  • Ensure that you obtain all necessary licenses and permits, and that you are registered with all required revenue agencies

Contact MCIS Law

At MCIS Law, PLLC, in Stafford, we provide comprehensive counsel to businesses in southeast Texas. For a confidential consultation with an experienced and knowledgeable lawyer, email us or call our office at (346) 297-0121. We accept all major credit cards.

Filed Under: Limited Liability Company Tagged With: Convert a Sole Proprietorship to a Limited Liability Company

Request A Consultation

  • This field is for validation purposes and should be left unchanged.

Disclaimer

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • March 2019
  • February 2019
  • January 2019
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • June 2018

Contact us

MCIS Law,PLLC

Address:

10701 Corporate Dr. Ste 340-104,
Stafford, TX 77477

Phone:

(346) 297-0121

  • Facebook
  • Twitter
  • Linkedin

Request A Consultation

  • Home
  • About Us
  • Practice Area Overview
  • Blog
  • Contact Us
footer-logo

© 2021 MCIS Law, PLLC All Rights Reserved.
Sitemap | Disclaimer