Sole proprietorships lack a separate legal identity, making the transfer of the business itself to a trust impossible. A sole proprietorship is just you doing business on your own without a formal entity.
Instead, sole proprietors should focus on transferring their business assets or equipment used in operations into the trust, just like you would for any other personal property. Learn more about transferring personal property to a trust here: Transferring Personal Property Without Titles or Deeds to Your Trust
If you have a different kind of business entity, such as an LLC or partnership, you can review this guide instead: Transferring Partnerships, LLCs, or Corporations to Your Trust
Learn more with this short video about transferring business interests to a Trust:
More Resources
View our comprehensive guide to funding your Trust: Trust Funding Guide
Learn more about transferring various asset types to your Trust: Funding Your Trust: How to Transfer Assets to a Trust
This information is intended as a reference only. It is not legal advice nor intended to cover every possible situation. Please consult an attorney if you have specific questions. Some details for funding your Trust may change over time. For example, if the Trustee changes, that would likely affect how you would title assets held in the Trust.