Transition from sole proprietorship to LLC

What do you need to know about converting a sole proprietorship into an LLC?

Converting a sole proprietorship into an LLC can be challenging… but not for Evotax specialists!

Taxes

We provide expert tax advice for LLCs. Did you know that in some cases, your LLC can benefit from a zero-income tax?

Accounting & Settlements

We’ll guide you through all financial matters, including salaries and their taxation, leasing of fixed assets, invoicing, and more!

Risk management

We’ll explain, advise, and help you minimize the risks associated with assets and personal liability in the transport sector.

LLC Accounting

We offer full accounting services for your LLC, including bookkeeping, ensuring that every transaction is meticulously recorded.

How do we convert a sole proprietorship into a Limited Liability Company?

There are three ways to transition from a sole proprietorship to an LLC:

Direct conversion of a sole proprietorship into an LLC

Transferring all assets, operations, and even licenses to the LLC is possible, but it can be time-consuming and costly. Instead of moving everything, it may be beneficial to retain paid-off assets within the sole proprietorship and transfer only the most risk-prone aspects of the business to the LLC. This approach also helps maintain financial standing (leasing, loans).

Contribution of an organized part of the business to a new LLC

This process is also time-consuming and costly but offers full control over what is transferred to the LLC. Licenses cannot be transferred and must be re-applied for. The sole proprietorship remains active, allowing for tax structure adjustments and service provision to the LLC, facilitating fund withdrawals. In this scenario, partial financial standing is retained.

Establishing a new LLC and gradually transferring operations

This option provides full control over what is moved to the LLC but requires a long transition period. Not all leasing agreements allow assignment to a newly established LLC, though vehicles can be rented from the sole proprietorship. This enables an immediate transfer of high-risk transport operations. However, the new LLC lacks financial standing—credit and leasing capabilities must be built from scratch, or personal assets must be used as collateral, which may undermine the purpose of the transition.

What are the benefits of converting a sole proprietorship into an LLC with Evotax?

Transforming your sole proprietorship into an LLC with Evotax ensures not only a legally compliant and timely transition but also:

Expert assistance: Our team consists of experienced professionals who provide expert service and a personalized approach

Highest standards: We deliver top-quality services with meticulous attention to detail and full data and process security

For businesses of all sizes: We support both small businesses with a few drivers and large enterprises employing thousands.

Service in 7 languages: Polish, English, German, Lithuanian, Ukrainian, Belarusian, and Russian.

Test

Not sure if Evotax is the right choice? They found out it is!

On behalf of HOPTRANS Sp. z o.o., we would like to thank the entire EVOTAX team for the fruitful cooperation and professional support.

We appreciate your commitment, reliability and high level of service, which contributed to the improvement of our business. Your knowledge and competence are of inestimable value, and our cooperation is extremely valuable to us.

Vladyslav Khadzhynov

Head of Transport Department, Hoptrans sp. z o.o.

Evotax offers professional service, full responsibility and punctuality. I can always count on support whenever there is any question or problem. I recommend!

Rimantas Narbutas

CEO, Imp-ex Polska Sp. z o.o.

We started working with Evotax only a few months ago, but we can always count on the support of a professional and positive accounting and HR team.

Rokas Petrauskas

Board Member, XRF Europe sp. z o.o.

Full professionalism and an individual approach to the client make cooperation with this company highly satisfactory. Punctuality and attention to every detail are its undeniable advantages.

Audrius Tamošauskas

CEO, Erum International sp. z o.o.

Our company has been working with Evotax sp. z o.o. since 2021. We can confidently say that the company is very competent in its activities, able to find a way out of any situation. Everything is always prompt and on time. Convenient organization of document flow. Employees speak different languages, which simplifies communication.

Tetiana Andriienkо

Accountant, Ramrenta sp. z o.o.

I evaluate the cooperation with Evotax company very well. It runs smoothly, we receive all tax settlements and required financial reports on an ongoing basis.

Karolis Jadkonis

Chief Operating Officer, Transfera sp. z o.o.

We have been using Evotax services for a short time but from the very beginning you can see the professional approach to the client, the fluency in communication and the reliability in preparing tax returns.

Mindaugas Šilkūnas

CEO, 7 Summits sp. z o.o.

I am satisfied with the cooperation with Evotax, the services are provided by experienced accountancy professionals who work responsibly and professionally, maintaining polite business relationships.

Tomas Bieliauskas

CFO, VKMD Invest sp. z o.o.

Evotax accounting and payroll services are provided at a high level of expertise, cooperation is smooth and seamless. Recommended.

Julius Lekšas

CEO, Lekpas sp. z o.o.

Evotax employees work smoothly and professionally, there is ongoing contact with them, the necessary accounting and financial documents are prepared in a timely manner and explanations are provided in a clear way.

Andrius Jakavičius

CEO, Jaga Group sp. z o.o.

We will convert your sole proprietorship into an LLC!

What do you need to know about converting a sole proprietorship into an LLC?

Taxes

Accounting & Settlements

Risk management

LLC Accounting

How do we convert a sole proprietorship into a Limited Liability Company?

Direct conversion of a sole proprietorship into an LLC

Contribution of an organized part of the business to a new LLC

Establishing a new LLC and gradually transferring operations

What are the benefits of converting a sole proprietorship into an LLC with Evotax?

Not sure if Evotax is the right choice? They found out it is!

Want to convert your sole proprietorship into an LLC with Evotax?

Contact us

Analysis & needs assessment

Choosing the best solutions

Signing the agreement

That's it! Simple, right?

Learn more about transitioning from a sole proprietorship to an LLC