Single Member LLC
Single Member LLC is similar to sole proprietorship, however it may offer several advantages deemed useful in the long run. The taxes of a Single Member LLC is filed on Schedule C of the individual's tax returns.
This is the main draw as you are not accountable with personal assets for losses that the business incurs.
Owners pay taxes from their personal tax returns, saving time and money.
LLC business structure allows opportunities for raising capital and transferring ownership.
Unlike sole proprietorship, an LLC has both initial as well as operating costs.
LLC has to file various documents like the articles of the organization.
Piercing the corporate veil
With lack of proper business records you may be striped away from limited liability.
Our vast experience with LLC tax returns ensures your taxes are accurate to the dot.