Do Single-Member LLC Companies Get Taxed?
The issue of corporate taxation in the US varies according to different states and entities, hence the ongoing discussion about the taxation arrangements in various cases. In a single-member LLC, there is only one voting member, the owner. Business owners prefer an LLC structure because it offers them the easy tax filing of a sole proprietorship, but includes liability protection. Single-member LLC owners can choose if they want to be taxed as a corporation, they can bring on additional members, and can pass on their membership to others. Since single-member LLC owners are taxed like any other...