States also allow you to form a single member Limited Liability Company (LLC) -- which can... How to Structure a Single Member LLC Chron Logo Hearst Newspapers Logo ...

Setting up a single-member LLC is easy and there are fewer formalities involved compared with a corporation.

Keeping minutes in a single-member limited liability company is not always necessary. After all, there are no discussions or disagreements to be noted. Annual meetings are designed to hold votes ...

In a single-member LLC,100% of all distributions go to one member. Multi-member LLCs each take respective amounts of profits and losses based on whatever stake of ownership they maintain in the LLC.

As a single-member LLC, it is important to keep formal records of LLC activity for the same reasons that corporations keep formal records. To facilitate your LLC recordkeeping, an essential ...

Whether to organize as a S-Corporation because of the new law is a technical question, and it has broad implications. I want to talk specifically about running an S-Corp as a one-person shop and ...

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.

Single-person LLC taxes are filed differently than multi-member LLCs. "For federal tax purposes, the single member LLC is ignored and the owner simply reports income and expenses on Schedule C of ...

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.