Transferring Sole Proprietorship Assets to a Trust

Sole proprietorships do not have a separate legal identity, making it impossible to transfer the business itself to a Trust. Essentially, a sole proprietorship is you operating independently without a formal entity.

Instead, sole proprietors should focus on transferring business assets or equipment used in operations into the Trust, just as they would with any other personal property. For more information, you can read about transferring personal property to a Trust here: Transferring Personal Property Without Titles or Deeds to Your Trust.

If you have a different type of business entity, such as an LLC or partnership, you can review this guide instead: Transferring Partnerships, LLCs, or Corporations to Your Trust.