Monday, July 14th, 2008
Moving Assets: What’s Behind the LLC
The moment is here. You have decided to alter your business structure. You”ve chosen that to shed the sole proprietorship phase of your pursuits 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 delegate to the newly formed LLC. Just how do you do that?
Two methods come to mind. The first is an outright sale. The second is a contribution of capital. We”ll tackle each here briefly…
http://www.articlesbase.com/business-articles/from-sole-proprietorship-to-llc-transferring-assets-483135.html
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