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Do I need to do when trying to retire. Can I put the

Customer Question
Do I need to...

Do I need to do when trying to retire. Can I put the business in my wifes name. I am a construction company llc.i am sole priritor but she is on the business account

Lawyer's Assistant: What state are you in? And have you consulted a local attorney?

North Carolina

Lawyer's Assistant: Has anything been officially filed? If so, what?

For the retirement no.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

Do I need to file with the state

Submitted: 8 months ago.Category: Legal
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Answered in 2 minutes by:
11/14/2017
Lawyer: Loren, Attorney replied 8 months ago
Loren
Loren, Attorney
Category: Legal
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Thank you for using JA. I am Loren, a licensed attorney for over 30 yrs., and I am here to help.

I am a certified expert on JustAnswer since 2009, with nearly 100% in 5 star ratings. So, we should be able to work through your problem.

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Lawyer: Loren, Attorney replied 8 months ago

If you are retiring as a sole proprietor why are you going to put the business in your wife's name?

Will the company continue taking on projects?

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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