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June 19, 2022
Question

Changing from a sole proprietorship to an LLC. How do we handle payroll now?

  • June 19, 2022
  • 1 reply
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1 reply

JenoP
June 19, 2022

Good day, turptire.

 

Processes such as creating paychecks and the type of payroll tax forms stay the same. Although, you can change the company type in your company settings. I'd be glad to share these steps with you:

 

  1. Go to the Gear icon and select Account and Settings.
  2. Proceed to the Company tab and click Company type.
  3. Click the drop-down list for Tax form and select Limited Liability.

 

 

 

Please refer to this article for more details: Changing Your Business Entity.


If you're given a new EIN, contact our payroll support team so they can help you update the payroll account accordingly. Please go to this article to get their contact details: Contact Payroll Support.


You may also want to reach out to your accountant if there's anything else that you need to do when it comes to the change of company type. Feel free to check out this article as well for additional guidance and reference: What is an LLC and is it the right structure for your new business?

 

Don't hesitate to always ask questions if you need anything else. We're open all the time to offer our help whenever you need it.