Showing posts with label multi members llc. Show all posts
Showing posts with label multi members llc. Show all posts
Monday, July 26, 2010
What is the difference between single member or multiple members LLCs?
Generally, Limited liability Company (LLC) can be formed with unlimited numbers of shareholders. In such a case it is called multiple members LLC. Nevertheless, most states also permit "single member" LLCs, those having only one owner. A single-member LLC is taxed as a sole proprietorship, while a multiple-member LLC is taxed as a partnership.
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