I own a small children's store as a sole proprietorship. My husband & I together own a 2 store fast food franchise. I need advice on what the rules are for changing both businesses to an LLC? I am looking all over the Internet for information. I want to make sure the tax liability structure is in our best interest while protecting our personal assets.
I want to do this immediately. What is a fair price to pay someone to do this? Does a lawyer have to do it? Thanks for any help.