In this lesson, we’ll show you how to transfer digital assets from yourself to your LLC.
Transferring digital assets to an LLC is commonly done after converting from a Sole Proprietorship to an LLC.
Digital assets can include:
- Domain names
- Trademarks and brand names
- Email lists
- Customer databases
- Graphics, logos, icons, and images
- Social media accounts
- Online accounts, logins, and passwords
How do I transfer my digital assets to my LLC?
The process is rather simple:
First, you’ll sign an Assignment of Digital Assets to LLC (the form is below).
Second, you’ll update any ownership records for your online accounts.
Just transferring domain names to your LLC?
If you only need to transfer domain names to your LLC, there is a simpler form you can use.
Please see: How to transfer my domain names to my LLC.
What is an Assignment?
“Assignment” means to transfer something, such as rights, benefits, or property.
The person or company doing the transferring is called the Assignor.
The person or company who is receiving is called the Assignee.
Assignment of Digital Assets to LLC [Free download]
You can download the form here:
Assignment of Digital Assets to LLC (Microsoft Word)
How do I complete the Digital Assets Assignment form?
Replace the highlighted text with your information, your LLC’s information, and your digital assets.
Then print and sign the form.
You will be signing twice. First, as yourself (the Assignor) and second, on behalf of your LLC (as the Assignee).
What do I do with the Assignment of Digital Assets? Do I need to send it anywhere?
No, you don’t need to send the Assignment of Digital Assets anywhere.
Meaning, you don’t need to send it to the state, the IRS, or anywhere else.
You can simply keep a copy with your business records. It’ll serve as proof of the transfer of ownership if there was ever a dispute or audit in the future.
We recommend keeping a digital copy on your computer and printing out a physical copy as well.
Update your accounts and website to show your LLC as the owner
If you’ve transferred ownership of your website, you can update the following sections of your website:
- terms and conditions
- copyright notice
- about page (optional)
If you’ve transferred ownership of online accounts, logins, and passwords, you’ll want to update those accounts to reflect your LLC’s name and contact information.
Transferring a registered trademark?
If you need to transfer a registered trademark, we recommend using a stand-alone Assignment of Trademark form and not the Assignment of Digital Assets form above.
The reason why is that you need to update the United States Patent and Trademark Office (USPTO) and you need to file the Assignment with them.
It’s simpler (and reveals less information) to just file an Assignment of Trademark with the USPTO.
If this is something you need to do, we recommend working with a trademark attorney.
Hope that helps!