There was a time when almost every state required the LLC to have two or more members, but that is no longer the case. This important change came in response to revised IRS regulations that clearly permitted single-member LLCs. As a result, in most states, if you plan to be the sole owner of a business and you wish to limit your personal liability, you can choose between forming a corporation or an LLC.
Articles in this section
- LLCs vs C-Corporation: Which Is Best for Your Business?
- What is the process involved in changing the name of an LLC?
- Can an LLC be formed without listing the members on on the articles of organization?
- Why it's important for the members on an LLC to have an operating agreement in place?
- Can another business entity be a member of an LLC?
- Can a Limited Liability Company (LLC) be taxed as an S Corporation?
- Which entity type should I choose?
- Is an LLC the best fit for your entity?
- The Benefits of Forming an LLC
- The LLC Operating Agreement