Common Questions and Answers

What is an Entity Conversion and can I convert my sole proprietorship or partnership to a limited liability company (LLC) or corporation?

Answer :
An entity conversion is a filing that is made with the state of incorporation that allows a company to change from one business type to another. As an example, if a business was originally formed as a limited liability company (LLC) and the owner wishes to change the structure to a corporation, they may wish to file a conversion as opposed to forming a completely new business.

If you are a sole proprietorship, you can become a corporation or LLC, but it is not considered a conversion. You need to incorporate your business as a corporation or LLC and transfer the assets of your old company into the newly-incorporated business. For more information on entity conversions, contact BizFilings.

5 Reasons to Monitor Your Business

Business owner

  • 24/7 monitoring of your company's Experian credit score
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  • Unlimited access to your company's most up-to-date credit report and score
  • Dark Web Surveillance
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Related questions

If my business expands into another state, do I need to register or qualify my business in that state?

What is a DBA or doing business as filing?

What is a Registered Agent and why do I need one?

Business Entity Comparison Guide

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