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Transformation of a sole proprietorship into a LLC Tue, Some important and helpful points to consider are listed below. Is it possible to transform my sole proprietorship, which I registered in the commercial register, into a Limited liability company?

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First, you need to establish a reorganization balance sheet which needs to be checked by an authorized revisor. If not, the difference has to be deposited in cash on a separate bank account blocked account. These procedures can be very time-consuming and expensive, depending on the balance sheet.

The effort is hard to estimate without precognition but can be denoted as follows: Creation of a balance sheet and audit report depending on the revisor when not that complicated conditions: Insofar, as the sole proprietorship holds production machinery and similar equipment in their balance sheet, so has the LLC the possibility to hire those.

The coexistence of both companies brings also fiscal flexibility. Which advantages do I have after the transformation compared to a sole proprietorship? The main advantage surely is the limitation of liability.

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At this juncture, you must consider that the proprietor of a sole proprietorship guarantees for 3 years after the transformation. For all debts while transfer of property as well as take-over. After a transformation, fiscal aspects change as well and can have a positive influence.Heinz Kobleder will meticulously plan your tax strategy so that you can save your hard earned tax euros while complying with tax Offices and social security Offices.

Heinz Kobleder was built on premise of educating individuals and business owners on tax and business practice. Be that a business idea that will form the foundation for a later start-up or a new technology, developed within the scope of an academic project.

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General Information Even if you are tax savvy, you may still fall vulnerable to aggressive tax Office actions, including bank account levy, asset seizure, wage garnishment and everything in between. We will represent you and communicate directly with the tax Office on your behalf to obtain the most beneficial outcome for you or your business.
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Klaus Grad Gründerservice – WKO Rohrbach April -Gründer-workshop mag. klaus grad gründerservice – wko rohrbach april Transformation of a sole proprietorship into a LLC. Tue, , You’ve already founded a sole proprietorship but you are now thinking about transforming it into a LLC?

Some important and helpful points to consider are listed below. Business Plan What is a business plan?

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