How to Convert a Sole Proprietorship to an LLC - All Up In Yo' Business

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Пікірлер: 82

  • @ddotson4
    @ddotson47 жыл бұрын

    You're so helpful on so many topics. And also entertaining & joyful! Thanks!

  • @ambermcdowell355
    @ambermcdowell3557 жыл бұрын

    I'm so grateful for your videos!!!!!

  • @matttarpill805
    @matttarpill8057 жыл бұрын

    Hey, Thank you so much for making this video!

  • @video4ai
    @video4ai3 жыл бұрын

    Thank you so much. That was so informative and CLEAR. I like the video title too! Subscribed!

  • @AJsGreenThumbLLC
    @AJsGreenThumbLLC7 жыл бұрын

    Thanks, I've learned so much from your peppy and informative videos!

  • @Jmgantphotography
    @Jmgantphotography7 жыл бұрын

    This info is so awesome. Thank you, Aiden!

  • @alexandersalas1163
    @alexandersalas11632 жыл бұрын

    Thank you for the clarity

  • @austinnowakowski5747
    @austinnowakowski57477 жыл бұрын

    Hi Aiden! Love the episode. Any chance you could talk about changing a partnership into an LLC?

  • @StephenLyonsMusic
    @StephenLyonsMusic7 жыл бұрын

    Great video - clear and helpful 👊🏻

  • @papermoney.
    @papermoney.2 жыл бұрын

    Thanks for sharing this information. Perfect timing

  • @scaleupproductions1532
    @scaleupproductions15322 жыл бұрын

    Although this video is 5 years old, it gave me exactly what I needed quicily! Thank you!

  • @NGF-Life
    @NGF-Life7 жыл бұрын

    Thank you for the video. May I ask, how to change your business address with the state so that public record no longer shows the registered agent's address any more? We incorporated the business using our personal address by mistake, and now for privacy reason we want to change to our office address. Thank you so much, I am a big fan for your channel.

  • @ThePaintingStoof
    @ThePaintingStoof4 жыл бұрын

    right to the point, and very helpful! thanks so much! :D

  • @OptimisticKTV
    @OptimisticKTV6 жыл бұрын

    Super helpful! Thank you.

  • @25BDominique2021
    @25BDominique20217 жыл бұрын

    Awesome video thanks a lot.

  • @davidfarrakhan8940
    @davidfarrakhan89405 жыл бұрын

    Very helpful! Thanks!

  • @Lone_Prophet
    @Lone_Prophet3 жыл бұрын

    Aiden, I would like to thank you for posting this video. I am currently going through this situation, yet had no knowledge of the process. You were extremely informative and simple with explaining things. I have taken the necessary notes and will start on this process asap. Again, thank you so much. I will be looking forward to more videos from you.

  • @allupinyobiz

    @allupinyobiz

    3 жыл бұрын

    Great! Thanks so much for watching and for the kind comment!

  • @tiroglyphix
    @tiroglyphix7 жыл бұрын

    Hey :) if I go from SP to LLC mid year... how do I fill out my 1099? Do i fill it out as LLC but include all of my annual numbers? Do I have 2 separate 1099s? One as SP one as LLC? Thanks! 🙏🏽

  • @Digitalnomad8
    @Digitalnomad87 жыл бұрын

    Thanks for posting, subscribed and liked, could you convert a sole proprietorship to S corp I already have an EIN number for my sole proprietorship? Also how does an S corp effect regular employment with another company. Are there any restrictions of working full time for a company while opening/running an S Corp while your getting started, could you do a video on that? Thanks so much.

  • @steezyfresh2903
    @steezyfresh29034 жыл бұрын

    Beauty with brains!! #WINNING Thanks for the great advise.

  • @castilloadamejuan1
    @castilloadamejuan14 жыл бұрын

    Thanks for the information

  • @YakMotley
    @YakMotley7 жыл бұрын

    Another awesome video! This is making the process so much easier lol! I would definitely hire you if you were in Pensacola, Florida ! lol

  • @archiejackson3054

    @archiejackson3054

    3 жыл бұрын

    I loved your video has helped me greatly Thanks

  • @julianni619
    @julianni6194 жыл бұрын

    Nice info, thanks. I have a question. What about if you have DBA Ein credit, and want to change to LLC, can you keep your business credit?

  • @imabaddbish6563
    @imabaddbish65636 жыл бұрын

    your so lovely thank you for this information

  • @biancaanguiano919
    @biancaanguiano9193 жыл бұрын

    Hi! thank you so much for your videos what if i had only filed the ein and never did anything with it and i just do a new company as and llc as a new name? do i still need to do anything with the ein or report it?

  • @vickiewoods7134
    @vickiewoods71346 жыл бұрын

    MS. Auden can you use a shorten abbreviation name for your business if the original name has common words like that of someone else?

  • @franksynite1123
    @franksynite11237 жыл бұрын

    Great Video

  • @FRWD_FXLRST
    @FRWD_FXLRST7 жыл бұрын

    What does having a LLC in NV, Wyoming, etc do as far as business taxes go? If you live in a state with state taxes, and your LLC isnt, or vise versa, what taxes are you paying?

  • @sparkntrader
    @sparkntrader5 жыл бұрын

    Thank you.

  • @hfortenberry
    @hfortenberry7 жыл бұрын

    Great episode and very informative! Thank you. One question. Did I understand you correctly that you can keep your same bank account when you go from SP to LLC? Or do I need to create a new bank acct for the LLC and close down the one for the SP?

  • @lowrider5717

    @lowrider5717

    2 жыл бұрын

    I guess you have to pay for that answer

  • @lowrider5717
    @lowrider57172 жыл бұрын

    What do you do with any credit. Cards you have on that DBA? Will they just re issue a new CC with the LLC on the cards ?

  • @theextremeteam4733
    @theextremeteam47335 жыл бұрын

    Thank you

  • @oneandonlysincere
    @oneandonlysincere3 жыл бұрын

    I kept thinking who you reminded me of. Drew Barrymore. It finally came to me. 😊

  • @hustlequeen5322
    @hustlequeen53224 жыл бұрын

    Hey I wanted to know how I put them together I have two business a SP and LLC they both have different names however I want the SP under the LLC but I want to keep the two names how do I do that I own both companies

  • @AeroAngle
    @AeroAngle5 жыл бұрын

    im thinking of getting texas LLC but do i have to pay annual to keep it?

  • @randomguy1221
    @randomguy12214 жыл бұрын

    How does the sole proprietor's inventory transfer over to the new llc?

  • @jomaddox9524
    @jomaddox95244 жыл бұрын

    Health care professional working in Indiana dealing with several Insurance companies. How do we handle a situation like this?

  • @colettedubose
    @colettedubose Жыл бұрын

    I currently have a EIN# as a sole proprietorship (same name, but now it's labeled with 'LLC' at the end), due to I recently incorporated my business as a LLC. Do I need to create a new EIN# or file a 8822-B form with the IRS of the change??

  • @nikaalba8730
    @nikaalba87304 жыл бұрын

    good evening. can you keep the same name if you convert or is it possible that the name will not be available?

  • @Younique2011
    @Younique2011 Жыл бұрын

    What do you do with the ein for the sole proprietor

  • @gregsilva1472
    @gregsilva14722 жыл бұрын

    So what about my two years in business as a sole proprietor ship once I convert to LC will I lose those two years as credit for getting a loan under my business or equipment

  • @concretealchemist8687
    @concretealchemist86877 жыл бұрын

    Sooo fine!

  • @marvin0366
    @marvin03665 жыл бұрын

    Does it apply to new York aswell?

  • @projectboy22able
    @projectboy22able2 жыл бұрын

    When you get a new EIN for your LLC, what happens to the EIN from the SP?

  • @luckyzaappcasinoexperience759
    @luckyzaappcasinoexperience7592 жыл бұрын

    Hi when converting to LLC is it required to get a new EIN? Will that change the age if your business ?

  • @TimmyDahitman
    @TimmyDahitman4 жыл бұрын

    Can you speak on llc’s for musicians ? I rap and produce music and i want to understand more how i can form a llc for a business when im literally the business.

  • @andygomez0206
    @andygomez02063 жыл бұрын

    Hi Aiden, I want to start working part time on my own I'm 40 % sure that I may get some work before the end of 2020. I want to get an EIN. Must I start using as soon as I get it even as a sole proprietor? If for any reason I don't get work before the end of the year am I in liable with the IRS? No work/ no income TIA

  • @loveaboveall3321
    @loveaboveall33212 жыл бұрын

    Hi Aidan, I have a question that I’ve been trying to resolve. I had a Sole proprietor but have since registered my business as an LLC. I’ve been having issues with My EIN number since it’s still under Sole proprietor verses an LLC. Since I’m using the same Business name as my Sole proprietor, which IRS form would I use to update my business structure of my EIN from Sole proprietor to an LLC? Thanks in advance!

  • @truckingwithtobee
    @truckingwithtobee2 жыл бұрын

    I just looked up my business and it was listed as a N7 business license. I’m in Nevada. Do you know what this is? I can’t find anything substantial on this topic.

  • @jenreynol1581
    @jenreynol15815 жыл бұрын

    man u make it sound so easy, but after taking notes i realized it's a lot of steps. i just purchased a small business in my actual name, currently in escrow. i signed the p.a. &all other contracts, franchise, lease etc, in my name- going thru escrow. can liability still fall on me in a worst case scenario because all the original contracts are signed by me. can i just give the business to my llc as a contribution? u lost me at operating as dba name, trade name, llc name?, &i do not understand simply changing or amending the contracts. who can create and do all this for me? an accountant or lawyer- frugally? lol, confused. i need ur help- 1st time buyer

  • @revesfinancial810
    @revesfinancial8103 жыл бұрын

    Hi Aiden, i have business registered as corporation. what documentation is required to change my business as LLC. should i report to IRS and the State of Colorado? any advise is appreciated. Thank you.

  • @californiacoast7021
    @californiacoast70217 жыл бұрын

    Aiden, what happens to the EIN of the SoleProp. business once we apply for new EIN as an LLC? Does the original SP have to be convertered into LLC or can it be separate from SP?

  • @snyderassembly2869

    @snyderassembly2869

    7 жыл бұрын

    Same question here, id like to change my SP to an LLC since I'm gaining employees. Was wondering if that is just a licensing issue...since my EIN can be my personal EIN for multiple companies... if I read my EIN verification correctly.

  • @coreysmithfield1514

    @coreysmithfield1514

    6 жыл бұрын

    it dissapears and goes to EIN heaven

  • @susieblanco2722
    @susieblanco27225 жыл бұрын

    Lol you seem like a fun lawyer

  • @TheCornell74
    @TheCornell746 жыл бұрын

    How about going from a....... c Corp to a. LLc

  • @DmSujaEntrepren
    @DmSujaEntrepren7 жыл бұрын

    LLP vs LLC, what's the difference?

  • @keedancy8603
    @keedancy86032 жыл бұрын

    Can we talk about the color of the lipstick!! Sis it’s 🔥🔥🔥🔥

  • @allupinyobiz

    @allupinyobiz

    2 жыл бұрын

    Thank you!! 😃 I wish I could remember what it was...

  • @mkt92z
    @mkt92z3 жыл бұрын

    Will all the business credit I built up with he sole proprietorship go down the drain since that's attached to the EIN? Will I have to start from square one in regards to business credit with new EIN?

  • @TheJMRCEnthusiastEmporium

    @TheJMRCEnthusiastEmporium

    3 жыл бұрын

    I have the same exact question....thanks

  • @benwhitmer6541

    @benwhitmer6541

    3 жыл бұрын

    Same aswell

  • @mrreynolds3519
    @mrreynolds3519 Жыл бұрын

    Can I transfer some cars to my LLC I do turo.

  • @themanfromthemoon1326
    @themanfromthemoon13267 жыл бұрын

    Hi, could you make a video about how you can join 2 companies? Like under a Corporation. I currently have a Sole-proprietorship and I'm planning to buy another business. I was wondering what is the best way to join these companies and keep them together. Thanks in advance.

  • @TheHow2Channel
    @TheHow2Channel4 жыл бұрын

    Hello, and thanks for this info. What if I want to establish an LLC under one name, but have different services under different names and possibly locations, for example FEDEX provides shipping but has Print & Ship locations with the name FEDEX Print & Ship, and then other locations they have just FEDEX shipping.I don't see where they include LLC anywhere or INC? I want to make sure I set this up correctly from the start.

  • @allupinyobiz

    @allupinyobiz

    4 жыл бұрын

    That’s exactly what trade names are for! A trade name, or DBA, lets you do business under a name that’s different from your entity’s registered name. (But in the case of FedEx, I believe they’re mostly independently owned and operated. That’s a different situation than what you’re describing.) Check these out: kzread.info/dash/bejne/i32brbSsctyWc7A.html and kzread.info/dash/bejne/h4uL3M2xcrqymqQ.html

  • @TheHow2Channel

    @TheHow2Channel

    4 жыл бұрын

    @@allupinyobiz Thank you! That video was very helpful.

  • @andregraf3000

    @andregraf3000

    4 жыл бұрын

    180 Law Co. LLC Hi! Thanks for your video!! I have a quick question and I hope you can guide me. I’m planning on starting my own sporting clothing company, I’m wondering if it is an industry where I could easy get sued by other companies or if I should go with the sole proprietorship instead of the LLC. I haven’t sell any of my products yet but I have a solid business plan. I’m just deciding between those two options since I don’t know if it is worth it to start with an LLC. What do you recommend?

  • @jonathanspencer3579
    @jonathanspencer35796 жыл бұрын

    great video I liked and subscribed .btw you are so beautiful ☺

  • @courtneyholmes9064
    @courtneyholmes90644 жыл бұрын

    I see you dont respond much as you are a busy lady but i was wondering if i could hire you to do this for me

  • @daisydelatorre5772
    @daisydelatorre57725 жыл бұрын

    I was told we can get an LLc in the IRS web., Is that true?

  • @allupinyobiz

    @allupinyobiz

    5 жыл бұрын

    No, that’s wrong. LLCs are formed at the state level and not through the IRS.

  • @MOBMJ
    @MOBMJ5 жыл бұрын

    beautiful and smart I love you

  • @millaezman8984
    @millaezman89842 жыл бұрын

    why no ONE is making a video about how to change from LLC to Sole Prop???

  • @slymm619
    @slymm6193 жыл бұрын

    Thank you

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