If I start a sole proprietorship and the need to change to an LLC or corporation can be done?
On a (EIN, ID employer or taxpayer identification number) If I start a sole proprietorship and the need to change to an LLC or corporation can be done? (under the same EIN)? What kind of fees or requirements are there to change to an LLC or corporation? What will make things more complex?
You can keep the same EIN. You should be cautious in making this change because it can have negative tax consequences. If it becomes a single member LLC (can be husband and wife) those who are less problematic.
S corporation Yes or No
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