A single-member LLC is a limited liability company that is owned by one member or partner. Learn how single-member LLCs are set up, taxed and more.

I decided to go the consulting route this year and formed a single member LLC. In doing so I submitted my W9 as "disregarded entity" thinking that I could file through my personal income tax on ...

States also allow you to form a single member Limited Liability Company (LLC) -- which can be a good option for those solo owners who want to avoid some of the corporate formalities.

Answer all your single-member LLC questions with this handy, FAQ guide today.

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the previous year.

If the single member LLC is respected as a separate legal entity apart from its member, real property held by the LLC should be free of any tax lien placed on the member’s assets.

What are the possible tax advantages of an LLC? The LLC is a sort of hybrid between a sole proprietorship or partnership and a corporation.

In part two, I noted that the Tax Court has held that while a single-member LLC is a disregarded entity for federal income tax purposes, it is respected for federal estate and gift tax purposes.

Foreign investors using single-member LLCs to hold U.S. real estate face complex U.S. tax issues — FIRPTA and potential estate tax. Strategies can reduce the tax bite.

For instance, upon the death of the owner of a single-member LLC, the business may have to be dissolved unless there was an operating agreement in place stating otherwise.

LLC vs. Corporation: Which Is Right for Your Business? Although both structures offer liability protections, LLCs are best for tax flexibility and corporations are ideal for raising capital.