Should you operate your business as a corporation, proprietorship, or single-member LLC?
In my new article, the second in a series, I’ll explain the advantages and disadvantages of the single-member LLC. This form of business organization provides corporate-level liability protection for the business owner plus taxation as a sole proprietorship.
Want to find out more? Check out my new article titled Tax Tips: Single-Member Limited Liability Company (LLC) as Choice of Entity.
Three ways our fact-filled article can help you:
- We’ll explain the two major tax advantages of the single-member LLC. They can be considerable! Get the whole story when you read the full article.
- We’ll let you know the disadvantages, too. If you select the single-member LLC as your choice of entity, you’ll pay self-employment taxes as a sole proprietor. And that’s just for starters. For full details, read the full article.
- We’ll explain how to become a single-member LLC. It really isn’t hard. We’ll outline the two steps you need to take when you read the full article.