Can I Change my Business to an LLC or Corporation?

Elliott Stapleton Common Questions

It is possible to change to an LLC or Corporation in Ohio. If a business is currently operating as a sole proprietorship or partnership, we can create an Ohio corporation or LLC. The assets would then need to be consolidated and transferred to the new entity.

It is important to note, there are intellectual property and tax considerations that would need to be addressed prior to the transfer of assets. Failure to address these issues could have devastating implications for the company in the future.

Before changing your business it is best to consult with your accountant and attorney before changing your partnership or sole proprietorship. We offer an initial consultation to assist in evaluating the transition to an Ohio LLC and Corporation.

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About the Author

Elliott Stapleton

Elliott is a partner in the firm of Cornetet, Meyer, Rush and Stapleton serving clients throughout Ohio. Elliott's business clients range from small single member companies to large privately-held businesses. CMRS Law provides legal services which include advice on Business Formation and Transactions, Real Estate Transactions, Trademark Law, Copyright Law, Estate Planning, Trust Administration, Probate Administration, and Succession Planning. CMRS Law serves clients at two locations: 123 Boggs Lane, 1st Floor, Cincinnati, Ohio 45246 and 2101 Grandin Road, Suite A, Cincinnati, OH 45208