Single-Member LLC
Single-member LLCs (SMLLCs) are a popular business entity choice for businesses with one owner. Learn all the basics about this type of business entity structure, including how to form an SMLLC, tax and liability issues unique to an SMLLC, and record keeping for your SMLLC.
SMLLC Basics
SMLLC Basics
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As a budding entrepreneur, you may face the issue of whether to start out as a sole proprietorship or an LLC.
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What Is a Manager-Managed Single-Member LLC?
Find out the key elements of manager-management for an SMLLC.
Forming an SMLLC
Forming an SMLLC
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How to Form a Single-Member LLC
Learn about some of the things you'll need to do when creating a new single-member LLC.
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Converting a Sole Proprietorship or Partnership to a 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.
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Does a Single Member LLC Need an EIN?
An employer identification number, or EIN, is a nine-digit number similar to a Social Security number.
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Deducting Organizational Costs for Single-Member LLCs
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.
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Single-Member LLC Operating Agreements
Get an overview of what's contained in a typical operating agreement for a single-member LLC.
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Should an Independent Contractor Form an LLC?
Find out why it might make sense for you to form an LLC for your small business.
Running Your SMLLC
Running Your SMLLC
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Recordkeeping For Your Single-Member LLC
Three reasons it's important to keep good records for your SMLLC.
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Single-Member LLC Meetings and Resolutions
How SMLLCs can document important decisions.
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Initial Capital Contribution in a Single-Member LLC
When establishing a new single-member limited liability company (SMLLC), you’ll want to provide some kind of initial investment in the business.
SMLLCs and Taxation
SMLLCs and Taxation
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LLCs Co-Owned by Spouses in Community Property States
In a community property state, an LLC co-owned by spouses can be treated like an SMLLC for tax purposes.
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How Single-Member LLCs Pay Federal Income Tax
Get basic information on how to pay federal income tax for your unincorporated single-member LLC.
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Self-Employment Taxes for Owners of Single-Member LLCs
Owners of a single-member LLC are not employees and instead must pay self-employment tax on their earnings.
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Electing C Corporation Tax Treatment for a Single-Member LLC
Learn about the possible benefits of having your single-member LLC taxed as a C corporation.
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Electing S Corporation Tax Status for a Single-Member LLC
Learn how you can have your single-member LLC be taxed as an S corporation.
SMLLCs and Asset Protection
SMLLCs and Asset Protection
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Distinguishing Yourself from Your Single-Member LLC
To help ensure you have limited liability, make sure you follow best practices in separating yourself personally from your SMLLC business.
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Piercing the Limited Liability Veil of a Single-Member LLC
Learn what is required to be held personally responsible for debts or harm caused by your single-member LLC.