I currently have a DBA but need to switch it to a LLC
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I currently have a DBA but need to switch it to a LLC
Is it even possible to switch it or do I need to ‘Close’ the DBA and then do
everything over as an LLC?
Asked on March 6, 2018 under Business Law, South Dakota
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Form an LLC--that's the first step. Then have it acquire all the assets of the DBA--it can be gifted them, buy them, etc. (maybe speak to a tax preparer to see if there is an advantage to any particular method). Among the assets it will acquire will be the name. Then transfer the registration of the name to the LLC.
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