[WSBARP] Sole Proprietorship to LLC

[Timothy Lehr]

All, 

 

Question for corporate/business attorneys out there. A small(ish)
construction business (general contractor) with 2 employees and about $70k
in assets (equipment, vehicles, etc.) currently operates as sole
proprietorship. PC wants to change to LLC for liability and tax purposes. In
WA, you cannot "convert" from SP to LLC, like you could for S Corp into LLC.
It seems the best way to do this is to form LLC, begin switching all
licenses, business assets, accounts from SP to LLC, then to dissolve SP at
the end of the year and continue business as LLC. Is this the most efficient
way to accomplish the end goal? It may very well be.

 

But are there other ways that attorneys are advising clients to change from
SP to LLC while still conducting business? 

 

Thanks, 

 

Timothy C. Lehr

Attorney at Law

Stiles Law Inc., P.S.

 

p:   360.855.0131

e:   timothy at stileslaw.com <mailto:timothy at stileslaw.com> 

w:  www.stileslaw.com <http://www.stileslaw.com> 

 

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