Completing the Transition from Sole Proprietor to LLC
Dec 06, 2022
Forming an LLC is as easy as filing the paperwork... unless you're transitioning an existing business from sole proprietorship to LLC. Tune in to hear the extra steps you need to take to make sure your LLC is fully up and running when you aren't starting your business from scratch.
Key Takeaways
- Your LLC only protects you if you use it properly. Filing the paperwork is just the first step to protecting your personal assets with an LLC.
- Follow the money. Make sure any money going in or out of your business goes into your business accounts and out of your business accounts or business credit cards
- Update your contracts! Switch all your clients and contractors over to working with your LLC instead of you personally, and update your contract templates with your new LLC name.
Resources Mentioned
Next Steps
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