Legal Question in Business Law in Michigan

I am a sole proprietor, how do I change my business to a limited liability corporation?


Asked on 1/07/11, 11:50 am

2 Answers from Attorneys
JASSI SACHDEV LAW OFFICES OF JASSI S. SACHDEV, P.C.

Form an LLC, transfer assets, liabilities and operations to the LLC in exchange for ownership interests. Be careful of tax issues.

Please feel free to contact us for further information.

[email protected] OR 734-779-1662

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Answered on 1/12/11, 12:03 pm
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I agree with the other attorney. There may be significant tax issues to consider, depending on how the transfer is made. This is definitely not a do-it-yourself project. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 1/12/11, 4:34 pm


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