How to Change from a Sole Proprietorship to an LLC?
Learn how to change from a sole proprietorship to an LLC, including the benefits and steps involved.
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Why Change from a Sole Proprietorship to an LLC?
A sole proprietorship is a business owned and operated by one individual. While it's easy to set up and requires minimal paperwork, it offers little to no personal liability protection. As a sole proprietor, your personal assets are at risk in case your business is sued or incurs debt. On the other hand, an LLC provides personal liability protection, which means your personal assets are separate from your business assets.
