Monday, July 14th, 2008
From Sole Proprietorship to LLC: Transferring Assets
The day has arrived. You”ve resolved to trade your business structure. You”ve chosen that to release the sole proprietorship phase of your business goals and adopt the structure of the limited liability company. Sharp move!
But, now you”re faced with some assets that you - as a sole proprietor - own that you”d like to transfer to the newly formed LLC. Just how do you do that?
Two basic ideas come to mind. The first is an outright sale. The second is a contribution of capital. We”ll tackle each here briefly…
http://www.submityourarticle.com/articles/Connor-Mathews-4125/corporate-credit-36575.php
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