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March 7, 2023
Question

I'm switching my business for sole proprietor to an incorporated. Wondering how others have done this? Is a brand new account needed, and if so how do I transfer info?

  • March 7, 2023
  • 1 reply
  • 0 views
Need to start with all accounts at $0 ,  still want access to contacts and suppliers and old records

1 reply

JoesemM
March 7, 2023

Hello there, @dantoh666. I'm here to help you switch your business account to an incorporated and transfer information in QuickBooks.

 

Since you're switching from sole proprietor to an incorporated, you'll need to create a new QBO account, as they will provide another EIN for your business. You can use the same user ID and password to tie everything to one email address.

 

Here's how:

 

  1. Go to https://quickbooks.intuit.com/choose-country/.
  2. Choose your plan
  3. Fill up the User ID and password.
  4. You can use the same user ID and password you previously had. 
  5. Enter the necessary details and click Subscribe.

 

For more details about our Plans and Pricing, see this article: Pricing List in QuickBooks Online.

 

You can still access your old records in your sole proprietor account. However, if you need to cancel the account, you still have a year to access your company file as Read-Only access. That said, I'd suggest exporting your transactions to the new QBO account. You can check this reference for complete instructions: Export reports, lists, and other data from QBO.

 

I'll be adding these references that will help you manage your business entity and subscription in QuickBooks:

 

 

If you have future questions about using our software, please let me know by adding a reply below. I'll be more than happy to help you out.