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For tax purposes, a Single-Member LLC can be treated as a disregarded entity (i.e. similar to a sole proprietorship - all the business income and expenses go on
by uiri 10y ago
For tax purposes, a Single-Member LLC can be treated as a disregarded entity (i.e. similar to a sole proprietorship - all the business income and expenses go on your personal return).
https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies https://www.irs.gov/businesses/small-businesses-self-employe...