News & Advice

As the sole owner of a Single-Member Limited Liability Company (LLC), you are typically referred to as the "member" or "owner." You can use either term to describe your role in the…

Single Member Limited Liability Companies (LLCs) offer several tax advantages, primarily related to their flexible taxation structure and the ability to pass through profits and losses to the owner's personal tax return.…

Forming a single-member Limited Liability Company (LLC) for a husband and wife can be a suitable option for certain business and financial situations, but it's important to carefully consider the advantages and…

While Limited Liability Companies (LLCs) offer numerous advantages, they also come with some disadvantages. Here are three common disadvantages of an LLC: Limited Life: One of the disadvantages of an LLC is…

A single-member Limited Liability Company (LLC) can provide several advantages, but it also comes with some inherent risks and limitations. Whether a single-member LLC is considered risky or not depends on your…

A Single-Member Limited Liability Company (LLC) has several advantages, but it also comes with some disadvantages, including: Limited Liability Is Not Absolute: While an LLC provides limited liability protection, it's not absolute.…

In a Single-Member Limited Liability Company (LLC), you can pay yourself, but the process and method for doing so should be clearly defined, documented, and compliant with tax regulations. Here are some…