Single-Member LLC

As a budding entrepreneur, you may face the issue of whether to start out as a sole proprietorship or an LLC.

Find out the key elements of manager-management for an SMLLC.

Learn about some of the things you'll need to do when creating a new single-member LLC.

Find out what's involved if you decide you want to convert your sole proprietorship business (or a partnership) to an SMLLC.

An employer identification number, or EIN, is a nine-digit number similar to a Social Security number.

Many people who start one-owner businesses form single member limited liability companies (LLCs) to own and operate the business. Single-member LLCs are legal in every state.

Get an overview of what's contained in a typical operating agreement for a single-member LLC.

Find out why it might make sense for you to form an LLC for your small business.

When establishing a new single-member limited liability company (SMLLC), you’ll want to provide some kind of initial investment in the business.

In a community property state, an LLC co-owned by spouses can be treated like an SMLLC for tax purposes.

Get basic information on how to pay federal income tax for your unincorporated single-member LLC.

Owners of a single-member LLC are not employees and instead must pay self-employment tax on their earnings.

Learn about the possible benefits of having your single-member LLC taxed as a C corporation.

Learn how you can have your single-member LLC be taxed as an S corporation.

To help ensure you have limited liability, make sure you follow best practices in separating yourself personally from your SMLLC business.