Business restructuring

Can you change business structure? Changing business structure depends on what the current structure of your business is. The easiest change to make is from a sole proprietorship or simple partnership to a more complex business structure. If you’re changing your business structure to a corporation, you’ll need to act like a corporation. Read more … Read more

How do I reclassify my business? Register with the IRS to apply for an updated Employer Identification Number (EIN) (you’ll need that to file your taxes and pay your employees) Register your new business structure with the state. Reapply for state licensure. Update your bank accounts and records to reflect your new business. Read more … Read more