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Working for yourself is both rewarding and challenging. You’re in complete control of your business. A 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 if legal action is taken against the business, its owner (member) is not held personally responsible for the business’ debts.