Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

61
Posts
15
Votes
Dylan Swanson
  • Residential Real Estate Agent
  • Minneapolis, MN
15
Votes |
61
Posts

Transfering Assumed Name from Sole proprietorship to LLC

Dylan Swanson
  • Residential Real Estate Agent
  • Minneapolis, MN
Posted

My wife and I started doing some marketing to find off-market deals under an assumed business name (we registered the business name using our personal names). We are now setting up an LLC to do business under...we will end up having separate LLCs to handle the properties we hold vs. fix/flip or wholesale.

If we assign our business name over to the LLC, any input as to whether we are possibly at risk later if someone wanted to try and hold us personally liable for something done under the business name. I've heard that a lawyer trying to "pierce the corporate veil" could use the fact you that the business was originally formed as proprietorship. Any thoughts?

Loading replies...