Single member limited liability companies are governed by state business laws, and state and federal tax laws. To avoid general liability, sole proprietors can take advantage of state statutes ...

A corporation isn't required to have a full team of c-suite executives and large, formal shareholder meetings. It is possible to be the sole shareholder, director and officer for your corporation.

A limited liability company is a type of business entity that is recognized in every state. The concept of the LLC structure is to give some legal protection to the owners, while keeping bookkeeping ...

Corporate tax without the corporation. An LLC allows a business to be taxed as a corporation without the hassles of a corporation’s business structure. LLCs are generally less expensive to operate, ...

A limited liability company (LLC) is a legal business structure that offers certain protections between your personal and business assets. More specifically, LLCs can help to protect your personal ...

Do single-member LLCs need written operating agreements? The question may seem odd, since, by definition, single-member LLCs have only one member, who thus completely controls his or her (or its) LLC.