Hi, I have a question regarding LLCs.
I have had a business as a Sole Prop. for about 5 years now. I wanted to form an LLC for protection, now that the business is actually making a little money! However, I may run other businesses under the same LLC in the future, so I didn`t want to just convert my existing business -- though now I`m thinking that`s maybe what I should have done?
So now I have my LLC set up (with a different name from the business), and how do I make the LLC the owner of the existing business? I can`t seem to find any info about this -- all the info on LLCs that I have read just tells how to set one up (already done), or how to convert an existing business, which I didn`t want to do!
Should I just scrap the whole thing, dissolve the LLC, and start over (converting the Sole Prop. to an LLC), and write off the couple hundred dollars I have already spent on incorporating? (Which I hate to do, as it will be another month or two, and I wanted the LLC start date to be Jan. 1.)
I`m very confused, and can`t afford an attorney or accountant, so any info would be much appreciated!