Is Sole Proprietor Same as Single-member LLC? Understanding Single-Member LLCs
A single-member limited liability company (SMLLC) is an alternative to sole proprietorship for small businesses. The separation between an SMLLC and its owner gives the owner personal protection from the liability of the company. The SMLLC can be taxed as a corporation or as a disregarded entity. Registration and Taxation When registering an LLC, the … Read more