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Updated almost 5 years ago,
Transitioning properties from Sole Proprietor to Legal Company...
I've acquired my 3rd property recently and I still have them all under my SSN as a Sole Proprietor. I know it makes more sense for legal protection, taxes, etc to have these properties under an LLC, S-Corp, or another legal business, but I'm not sure what that process looks like. I'm looking to continue purchasing property, but want to scale the correct way.
I'd love insight on how others have made a similar transition so I make a few mistakes as possible. THANK YOU!