Q: My wife and I started an LLC a few years ago to do some real estate investing. Can we change what the business does?
We want to expand to general and electric contracting (I am finishing my electrical contracting license this year). Is amending the LLC or a Doing Business As and changing the name allowed, or do we need a new LLC?
A: There can be many reasons for creating a new LLC to conduct a new business activity. Use the Find a Lawyer tab to retain a local business law attorney to review your situation and plans, and advise you. You also should consult a business tax accountant, and a business insurance adviser.
A: Most likely you can use the same LLC. One reason why you may not be able to is if in the articles of organization for the LLC you indicated that it is limited to a specific purpose. Although, this is uncommon. You will also need to make sure the LLC is properly licensed in your state to do contracting work.
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