How do I switch my business from an LLC to a sole proprietorship?
- Nuff SedLv 75 months ago
There are various state regulations for how to legally dissolve an LLC, which may include publication of notice, filing of papers, posting a bond, waiting some statutory period, etc.
- Elaine MLv 75 months ago
Contact a lawyer about switching.
- EvaLv 45 months ago
Why would you want to do that? The LLC protects your personal assets from lawsuits and claims from creditors. A sole proprietorship exposes all your assets to claims from any source.
- Casey YLv 75 months ago
Contact the state and follow the procedures to dissolve the LLC.
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- NALv 75 months ago
An LLC is a state designation. Contact your state to dissolve it.
- A HunchLv 75 months ago
an LLC is not a tax category.
If you have an LLC but not a corporation (S-Corp), it already is a sole proprietorship.