<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=us-ascii"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='font-size:10.5pt;font-family:"Arial",sans-serif'>Timothy, I need to amend my previous post to clarify one point. A new EIN is not needed if the single member LLC is a “disregarded entity”, i.e. taxed like a sole proprietorship/self-employed person (which is the default classification). But if it will elect S corp status, then a new EIN will be required.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:"Arial",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:"Arial",sans-serif'>Bob Pampell<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:"Arial",sans-serif'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Timothy Lehr<br><b>Sent:</b> Monday, April 06, 2020 2:05 PM<br><b>To:</b> wsbarp@lists.wsbarppt.com<br><b>Subject:</b> [WSBARP] Sole Proprietorship to LLC<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>All, <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>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…<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>But are there other ways that attorneys are advising clients to change from SP to LLC while still conducting business? <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Thanks, <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b>Timothy C. Lehr<o:p></o:p></b></p><p class=MsoNormal>Attorney at Law<o:p></o:p></p><p class=MsoNormal>Stiles Law Inc., P.S.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>p: 360.855.0131<o:p></o:p></p><p class=MsoNormal>e: <a href="mailto:timothy@stileslaw.com">timothy@stileslaw.com</a><o:p></o:p></p><p class=MsoNormal>w: <a href="http://www.stileslaw.com">www.stileslaw.com</a><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b>NOTICE</b>: The information contained in this email is proprietary and/or confidential and may be privileged. If you are not the intended recipient of this communication, you are hereby notified to : (i) delete the email and all copies; (ii) not disclose, distribute or use the email in any manner; (iii) notify the sender immediately. Thank you. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div id=DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2><p class=MsoNormal style='margin-bottom:12.0pt'><o:p> </o:p></p><div class=MsoNormal align=center style='text-align:center'><hr size=1 width="99%" noshade style='color:#909090' align=center></div><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr><td style='padding:0in 11.25pt 0in 6.0pt'><p class=MsoNormal><a href="https://www.avg.com/internet-security"><span style='text-decoration:none'><img border=0 id="_x0000_i1026" src="https://static.avast.com/emails/avg-mail-stamp.png" alt="AVG logo"></span></a><o:p></o:p></p></td><td style='padding:.75pt .75pt .75pt .75pt'><p><span style='font-size:12.0pt;color:#3D4D5A'>This email has been checked for viruses by AVG antivirus software. <br><a href="https://www.avg.com/internet-security">www.avg.com</a> <o:p></o:p></span></p></td></tr></table><p class=MsoNormal><span style='color:white'><br><br></span><o:p></o:p></p></div></div></body></html>