Publisher's Synopsis
Learn all you need to know about SMLLCs
Single-member LLCs are the business entity of choice for small businesses with one owner. With an SMLLC, you get personal liability protection that you don't have with a sole proprietorship.
Nolo's Guide to Single-Member LLCs has all the essential information you need to decide whether an SMLLC is the right choice for your business. It explains:
- how to form an SMLLC and why it can be a good business entity choice
- how limited liability protection works
- how to choose the proper tax treatment for your SMLLC
- the tasks involved in running your SMLLC, like paying taxes, filing annual reports, and keeping proper records.
This edition explains SMLLC taxation, most importantly the 20% pass-through deduction available to SMLLC owners.
