Transition from Sole Proprietor to LLC
How to transition a sole proprietorship to LLC in Ohio:
- Verify that the LLC business name is available from the OSOS: https://businesssearch.ohiosos.gov/
- Designate a registered agent
- File articles of organization with OSOS: https://www.ohiosos.gov/businesses/filing-forms–fee-schedule/
- Assign fictitious name from individual to LLC (if applicable): https://www.ohiosos.gov/businesses/filing-forms–fee-schedule/
- Adopt an operating agreement with rules on ownership and operations
- Verify if you need a new EIN for the LLC: https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein
- Open any bank account and credit card in name of LLC
- Apply or re-apply for any required business licenses and permits in the name of the LLC
Remember, the LLC is a separate legal entity from you as an individual. Be sure to enter into all contracts, agreements, etc. in name of LLC and sign all agreements in your capacity as LLC member like this: [Your Name], Member, [LLC Name] For example: Jane L. Doe, Member, Doe Enterprises, LLC The team at Wells Law is available to assist you in this process. Contact us today!
