DBA to LLC questions
I have a landscaping business in MI currently registered as a DBA. This year i am hiring an employee or two. I am wanting to convert to an LLC for help with liability protection for my employees activities.
my question is about the conversion process. do i transfer all ownership for equipment and such to the LLC? also any outstanding debts like credit cards and truck loans? how do i go about this process? do i include it in the articles of organization for the LLC that the LLC will take over any outstanding debts from current DBA?
does all this matter even though i am registering as a single member LLC? ie sole owner or responsible party