Sole to LLC(multiple owners)
After all trax are entered for 2008 to 2011 to QB, I was told that in 2008, the biz was sole. So Beginning 2009 should be LLC. Do I have to undo my 2009 to 2011 and set up a new company for LLC?
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RekaUjj
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Most likely you do need a separate file for 2008 - sole proprietorship.
It might be easier to delete all the 2008 transactions than to re-enter 3 years' transactions in a new file.
You do want to have a chat with an accountant/tax professional to get the beginning balances correctly.
Reka
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