When To Change From A Sole Proprietor to LLC (Pros and Cons)

[@StartupWise]

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[@RoySanchez1824]

This channel is slept on. Great work

[@StartupWise]

I appreciate that Roy!

[@saratbondada]

Thanks Charlie, for all the information! Really helped especially the comparison between Sole Proprietorship and LLC.

[@StartupWise]

Glad it was helpful Sarat!

[@getyourlife365]

Thank you for the simplicity ❤

[@Theone00006]

Even though I’m a sole proprietor can I still register my business? I know I legally don’t have to. I need to register it to be hired by a huge social media platform.

[@officialdulcegomez]

Hello 👋

[@WhoKnewTravel]

Do I lose my business history when I switch to an LLC? I already have an EIN as a sole proprietor.

[@StartupWise]

Yes unfortunately, you do lose the business history. They are different entities so you will need a new EIN

[@Wallewallaby]

Can you keep your business name when switching from a sole proprietorship to an LLC?

[@wyattchiordi5132]

Damn they sure love to tax you into the ground don’t they