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Nellie Akalp is a passionate entrepreneur, business expert, professional speaker, author, and mother of four. She is the Founder and CEO of CorpNet.com, a trusted resource and service provider for business incorporation, LLC filings, and corporate compliance services in all 50 states.
“Perhaps you realized that operating as a sole proprietorship puts your personal savings and assets at risk should your business incur any debt or be sued.”
Yikes… I had no idea about this! I should probably stop putting this off…
I have a sole proprietorship EIN number now (last 9 years) and am switching to a LLC. DO I need a new EIN #?
Thanks for reading and commenting. Because an LLC is a separate legal entity, one does generally need to update a new employer identification number when starting a new LLC. If you would like further assistance or have additional questions, my company CorpNet.com offers a free business consultation and we would love to chat with you 🙂
I have a property management company that is current a sole proprietorship. i’m starting an llc and i would like to transfer everything over. i’m scared of invalidating the contracts if i don’t actually have the llc purchase my sole proprietorship. is this necessary or can the LLC (which has the same name, just an LLC at the end) just take over and i’m covered?
Do I need to get a new USDOT number since I changed to sole proprietorship to LLC?
Hi Rosa – thank you for your question. Could you please clarify what you mean by a USDOT number? Are you referring to the employer tax ID number perhaps? Feel free to email me directly at info at corpnet dot com