How do I change a sole proprietor llc to a partnership llc in Oklahoma

Asked over 1 year ago - Purcell, OK

I started my company last year and couple months into it I had investors and made them 5% partners. we did all the paperwork legally to change it but we never called IRS to change it from sole to partnership. can I call IRS now to get it switched even though it is the next fiscal year?

Attorney answers (1)

  1. R. Russell O'Rourke

    Contributor Level 13

    Answered . My recommendation is that you call a local business attorney to help you. You did the work to start the company yourself last year and have already run into an unanticipated problem that a lawyer would have likely foreseen and properly advised you of then.

    Check on Avvo for a business attorney in your area. They are well worth the investment.

    IF YOU FOUND THIS ANSWER HELPFUL PLEASE MARK IT SO. The answers provided by R. Russell O’Rourke, Attorney-at-Law... more

Related Topics

Small business LLCs

An LLC (limited liability company) is a business entity that has elements of both a corporation and a partnership (or sole proprietorship).

Small business partnerships

A business partnership is an arrangement whereby parties enter an agreement to cooperate for their mutual benefit.

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