IreneS
Intuit Alumni

Get your taxes done using TurboTax

You should get legal advice about changing the ownership of the family business, particularly since it is a sole proprietorship.

A sole proprietorship is tied to its owner. Legally they are the same. There are no registration requirements to transfer the business; however, some legal aspects of the transfer deserve consideration.

For a discussion of this topic, please see the following article: 

How to Transfer Ownership of a Sole Proprietorship


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