I am a designer, and I have been a sole proprietorship, single member since 2006. However next year I want to do some art licensing and I want to convert to a a single member LLC because of the liability etc.. I believe I will need to close my sole prop. close my EIN account, etc. Then file the new LLC in january. Correct?
My accountant told me I would have to pay a lawyer about 1500 to open the LLC however, I`m going to do it myself or maybe through Legalzoom.
My question is...has anyone closed their sole prop and opened an LLC?
And those assets that I had under the sole prop. such as computer, software....is that easy to to transfer these assets to the LLC?
Any information would be great!