4 ms·
FWIW, the OP seems to be equating "sole proprietorship" and the disregarded entity status of their LLC. As such, the liability cautions you make might not apply
by geekfactor 14y ago
FWIW, the OP seems to be equating "sole proprietorship" and the disregarded entity status of their LLC. As such, the liability cautions you make might not apply directly to their situation.
- drc 14y agoYup, that's right - I thought IRS treated a single member LLC as a sole proprietorship for tax purposes. I guess the correct term is disregarded entity. Either way the definitions were specific to the tax status and separate to the liability definition, which is yes a LLC.