Read the information contained in the "How to Form A Single Member LLC" (see attachment) and provide a brief summary of your research findings.© BrainMass Inc. brainmass.com October 10, 2019, 4:33 am ad1c9bdddf
The Single Member Limited Liability Company is a form of Limited Liability Company that has only one member. From the perspective of US Federal income tax purposes, the income or loss of Single Member Limited Liability Company is reported on Schedule C of the person's tax return. This means that the business is taxed as if were a sole proprietor business. Therefore, the Single Member Limited Liability Company gets the advantage of limited liability as well as that of a ...
Business Law is discussed very comprehensively in this explanation..