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.

How to Manage a Single Member LLC. Although single-member LLCs combine the flexibility of a proprietorship with the liability protection of a company structure, ... For example, in Michigan, ...

How to Keep Minutes for a Single Member LLC. ... For example, liquidating 20 percent of holdings in the next year might be a major goal for the LLC. This would be noted in the minutes, ...

A single-member LLC is not the same as a sole proprietorship. Unlike a sole proprietorship, an SMLLC provides a hybrid business structure that is a separate legal entity from its owner.

Whether you choose a member- or manager-managed LLC, the percentage of ownership each member has does not change. Either choice is also beholden to the articles of organization and the operations ...

Member-managed LLCs vs. manager-managed LLCs differ on who makes daily business decisions. Some LLCs grant owners this power, and others appoint a manager.

That's true for single member LLCs and multiple member LLCs. However, in practical terms an LLC can operate very similarly to a corporation that can sell shares. Let's take a closer look.

New Single-Member LLC Reporting Reqiurements. BY ALISTAIR M. NEVIUS. March 1, 2009. Please note: This item is from our archives and was published in 2009. ... If all employees are employed by the ...

A single-member LLC is typically taxed as a sole proprietorship. Any profits, losses, or deductions that are business expenses that reduce taxable income are all reported on the owner's tax return.

Answer all your single-member LLC questions with this handy, FAQ guide today. Advertiser Disclosure MarketWatch Guides may receive compensation from companies that appear on this page.

For example, the LLC might choose to elect a manager who handles financial decisions and appoint another to take charge of personnel. Choosing a Member-Managed vs. Manager-Managed LLC ...