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Working for yourself is both rewarding and challenging. You’re in complete control of your business. For some people, a limited liability company (LLC) provides a solution. An LLC can offer a bridge between operating as a sole proprietorship and acting as a corporation for tax purposes. For individuals, a single-member LLC (SMLLC) is a great place to start.

When a business is formed as a single-member LLC, the company becomes its own legal entity. That means its owner (member) is typically not held personally responsible for debts or if legal action is taken against the business.

Single Member LLC Setup

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What Makes a Single-Member LLC Unique?


LLC: Pros

  • Limited Liability

  • Pass-Through Federal Taxation on Profits

  • Management Flexibility

  • Easy Startup and upkeep


Before registering your business as an LLC, consider these possible drawbacks:

LLC: The Cons

  • Limited liability has limits

  • Self-Employment Tax

  • Consequence of member actions

Non-Profit Formation

Establishing a nonprofit enables you to help millions of people through advance education, scientific research, sports, music, art, community centers, churches, entrepreneurship, and more. 

Benefits of Starting a Non-Profit

  • Separate Entity Status

  • Perpetual Existence

  • Limited Liability Protection

  • Tax-Exempt Status

  • Access to Grants

  • US Postal Service Discounts

  • Credibility

  • Professional Registered Agent

Disadvantages are:

  • Expenses

  • Ongoing Compliance Obligations

  • Management Oversight

  • No Lobbying or Political Campaign

Business Membership Plans

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