Transition to a Limited Liability Company - How to Do It?
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Are you a sole proprietor and want to safely transition to a limited liability company?
Watch the video and learn about 4 possible scenarios and their tax consequences.
In this recording, you'll learn:
✅ when it's worth converting a sole proprietorship (SLD) to a limited liability company (LLC),
✅ whether it's safe to transfer your entire business to a limited liability company overnight,
✅ in what situations will you have to pay 19% CIT after the "transition" to a company,
✅ whether the company is at risk of having its VAT deduction on acquired assets challenged,
✅ when the transfer of assets to a company will result in high income tax for the transferor,
✅ which method of "transfer" to a company and when do entrepreneurs choose?
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Meet the Master of Taxes ⇊
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00:00 Introduction
01:14 Four ways to convert to a limited liability company
01:56 Conversion under the Code
03:17 Tax issues related to conversion
05:31 Or maybe Estonian CIT? 06:42 In-kind contribution
07:12 In-kind contribution and 9% CIT
08:36 In-kind contribution and the contributor's income tax
09:35 In-kind contribution and VAT
10:22 Transferring a business "on foot"
12:07 Beware of the signs of an in-kind contribution
13:25 Running a sole proprietorship and a limited liability company in parallel
14:16 Which method do entrepreneurs choose and when?