Letter S
business
Single-Member LLC
An LLC with only one owner, treated by default as a disregarded entity for federal tax purposes (taxed on the owner's return) unless an election is made to be taxed as a corporation.
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More legal terms starting with S
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.