It is a matter or assigning the contract from the prior entity (your pc) to the new entity. If you're using an AIA standard form, there is language that allows for assignment of the agreement if the parties agree in writing, which can be accomplished with a simple Consent of Assignment agreement which needn't be much more than a letter describing the situation, stating that the new entity will fulfill all of the obligations of the contract as if it were the prior, and a signature line for your client that acknowledges consent of the assignment.
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Kevin Miller AIA
GSBS Architects
Salt Lake City UT
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Original Message:
Sent: 01-10-2022 11:47 AM
From: Larry Goldberg
Subject: Suggestions on need for contract change on changing from a pc to sole proprietorship
So far accounting reasons, I'm changing from a pc to a sole proprietorship effective 1/1/22. Issue is how to handle contracts and invoicing for projects that overlap. I've in the process of closing the pc and have started to bill under the sole proprietorship. The client is asking if they need a new contract, or an amended contract or some other type of paperwork. Just looking for any suggestions on how to handle. And I don't want to keep billing under the pc as I don't want to show any income for the pc in 2022. Appreciate any guidance,
Larry
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Larry Goldberg AIA
lg+a architects, pc
Matawan NJ
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