Assuming that you are now reporting as a partnership on IRS Form 1065. Please clarify. This article states:
Your sole proprietorship’s assets and liabilities generally will transfer directly to your new SMLLC without your needing to take any further steps.
If you are referring to Form 1065, disclosure E for 'date business began', use 'January 1, 2020'.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
