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Thinking about switching from a sole proprietorship to an LLC? This video explains why it’s important and shows you how to make the switch step-by-step. In this simple tutorial, an attorney breaks down: (i) why to switch from sole proprietor to LLC, (ii) how to change into an LLC, and (iii) the key steps to take after forming your LLC. Changing from a sole proprietorship to an LLC doesn’t have to be complicated. I guide you through the process in plain language — and if you have questions, drop them in the comments! 📘 You’ll Learn: • The risks of staying a sole proprietor • How to form your LLC the right way • What to do after: EIN, bank account, contracts, and licenses • Why an LLC gives better tax flexibility and legal protection 🔗 Links Referenced in This Video: ▸ Check LLC Name Availability: https://bit.ly/Name-Search ▸ Registered Agent Service (no price increases): https://bit.ly/Registered-Agent ▸ Virtual Office with Online Mail Access: https://bit.ly/LLC-Office ▸ Which State Is Best for Your LLC? • Best State to Form an LLC ▸ Step-by-Step Guide to Set Up a Wyoming LLC: • How to Form an LLC in Wyoming - Easy Step-... ▸ LLC Formation Videos by State: https://bit.ly/LLC-Formation-By-State ▸ Legal Templates Referenced (Operating Agreement, Contribution Agreement, Contract Assignment, LLC Next Steps Guide): https://bit.ly/Legal-Templates ▸ How to Get an EIN for Free: • How to Get an EIN Number for Free! 👍 Like the video if it helped, and subscribe for more practical legal tips for business owners. 🧾 Visit my legal template store: https://www.legaltemplatestore.com 📖 CHAPTERS: 00:00 Intro: Why & How to Switch to an LLC 00:40 Why Switch from Sole Proprietor to LLC 00:50 LLC vs Sole Proprietor – Liability Risks 02:22 LLC Tax Benefits vs Sole Proprietorship 04:09 Credibility of an LLC vs Sole Prop 04:31 How an LLC Helps You Grow 05:05 LLC vs Sole Proprietor – Business Longevity 06:08 Overview: Steps to Switch to an LLC 07:21 Pre-Formation Steps (Sole Proprietor to LLC) 14:25 How to Form Your LLC 19:01 What to Do After Forming an LLC 📚 Helpful Resources ✅ LLC Next Steps & Operations • Steps to Take After Forming Your LLC (Video): • What To Do After Forming an LLC - 6 Crucia... • Comprehensive “Next Steps Guide” for Your LLC (includes details on how to properly operate your LLC, pay yourself, save money, protect assets, etc.): https://bit.ly/Legal-Templates • Foreign Qualification – Do Business in Another State: https://bit.ly/Foreign-Qualification • Hire a Company to File Your LLC BOI Report: https://bit.ly/BOI-Report • How to File Your BOI Report (Video): • Corporate Transparency Act: How to File BO... 🏢 Virtual Office Options • Lowest-Cost Virtual Office (mail access online): https://go.chrisjackson.co/Virtual-Of... • Virtual Office with Meeting Rooms: https://bit.ly/AllianceVirtualOffices 📝 LLC Operating Agreements • Best Quality Templates (Attorney-Drafted): https://bit.ly/Legal-Templates • Better Free Version (Video): • Operating Agreement for LLC (Free Template... • DIY Guide – What to Include in Your Operating Agreement (Video): • What to Include in Your Operating Agreement ⚙️ LLC Management • Manager-Managed vs. Member-Managed (Explained): • Manager Managed vs Member Managed (What's ... 📬 Need Legal Help in California? If you’re forming an LLC in California or doing business here and would like help setting it up, structuring it properly, or drafting your Operating Agreement and other documents, feel free to reach out: 👉 https://www.chrisjacksonlaw.com 👤 About Me I’m Chris Jackson, a California-licensed business attorney with over 25 years of experience. I’ve also built and sold franchise businesses and served as COO and General Counsel for several companies. I created this channel to help business owners like you build wisely and protect what you’ve built. ⚖️ Legal Disclaimer Nothing in this video or description is legal or tax advice, nor does it create an attorney-client relationship. Always consult a qualified attorney or CPA in your state. 💡 Affiliate Disclosure Some of the links in this description may be affiliate links. If you use them, my LLC may earn a small commission — at no cost to you. I only recommend services I use personally, and any commission helps support the channel. Thank you! 🔎 Hashtags #LLC #SoleProprietor #LLCFormation #BusinessLaw #StartYourBusiness