Transferring sole proprietorships to your Trust

For sole proprietorships, there is no separate legal entity to transfer to the corporation. A sole proprietorship is just you doing business on your own without a formal entity. Since there’s no entity, there’s nothing to transfer to the Trust.

However, you may want to check that you have also transferred any assets or equipment that you use for your business.

Learn how to title Assets here and where to find your Taxpayer Identification Number here. You can also view our full Trust Funding Guide here!

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.

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