Final Word

Now you know how to turn a sole proprietorship into an LLC. It’s time to decide if an LLC is the right fit for your business. If you want to protect your personal assets from business risks, an LLC is usually the way to go. But if you aren’t ready for the additional costs and reporting requirements, then stick with a sole proprietorship.

About the Authors

Sarah Sharkey

Written by: Sarah Sharkey

Freelance Finance Writer

Sarah Sharkey is a personal finance writer who enjoys helping people make better financial decisions. Sarah enjoys traveling, hiking and reading when she is not writing.

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Joe Templin

Reviewed by: Joe Templin

ChFC - Charted Financial Consultant

Joe Templin is a Charted Financial Consultant (ChFC), MCEC, CEC, CLU and CAP with well over three decades consulting, coaching, and teaching. He's an author of the Amazon Kindle #1 New Release "Every Day Excellence" and host of The Human Kaizen Podcast.

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Kal Salem

Fact checked by: Kal Salem

MA Accounting - Arizona State University

A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA Services LLC.

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