Skip to Main Content
Limited Liability Companies For Dummies, 3rd Edition
book

Limited Liability Companies For Dummies, 3rd Edition

by Jennifer Reuting
July 2019
Beginner content levelBeginner
368 pages
10h 26m
English
For Dummies
Content preview from Limited Liability Companies For Dummies, 3rd Edition

Chapter 7

Converting Your Current Business into an LLC

IN THIS CHAPTER

Bullet Determining whether a conversion is for you

Bullet Understanding the tax implications

Bullet Completing the conversion

Bullet Dealing with the details of conversion

Chances are, if you’re considering forming an LLC, you’re not starting from scratch. LLCs are relatively new entities, and if you’ve been in business for a long time, you’re probably operating your business or maintaining your assets as a sole proprietor, partnership, or corporation. You likely know the benefits of operating under an LLC, but you may not know how to convert your existing business into one.

When you’re busy running a bustling enterprise, the last thing you want to do is cause any more chaos by changing your infrastructure and switching to a completely different type of entity. In most cases, you have to navigate a tax minefield and spend a lot of time changing contracts, business loans, and possibly even marketing materials (if you change your company name in the process) over to your new company. Although the conversion to an LLC can be time-consuming, ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Limited Liability Companies For Dummies, 4th Edition

Limited Liability Companies For Dummies, 4th Edition

Jennifer Reuting
Corporate Finance, 5th Edition

Corporate Finance, 5th Edition

Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi

Publisher Resources

ISBN: 9781119602187Purchase book