Single-member LLCs are the business entity of choice for small businesses with one owner. With an SMLLC, you get personal liability protection that you don't have with a sole proprietorship.
Nolo's Guide to Single-Member LLCs has all the essential information you need to decide whether an SMLLC is the right choice for your business. It explains:
how to form an SMLLC and why it can be a good business entity choice
how limited liability protection works
how to choose the proper tax treatment for your SMLLC
the tasks involved in running your SMLLC, such as paying taxes, filing annual reports, and keeping proper records.
This edition explains SMLLC taxation, most importantly the 20% pass-through deduction available to SMLLC owners.
