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2. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   The owners of the LLC, called members, are protected from some or all liability for acts and debts of the LLC, depending on state shield laws. In the United States, an S corporation is limited to 100 shareholders, [b] and all of them must be U.S. tax residents. [c] An LLC may have an unlimited number of members, and there is no citizenship ...

3. List of legal entity types by country - Wikipedia

   en.wikipedia.org/wiki/List_of_legal_entity_types...

   Single Member Company – Private company limited by shares or a guarantee company having a share capital, which is incorporated with one member, or whose membership is reduced to one person. Must have at least two directors and one secretary. Sole member can dispense with holding General Meetings including Annual General Meetings.

4. Flow-through entity - Wikipedia

   en.wikipedia.org/wiki/Flow-through_entity

   However, if one is the sole member of a domestic limited liability company (LLC), one is not a sole proprietor if one elects to treat the LLC as a corporation. [5] In the United States, sole proprietors "must report all business income or losses on [their] personal income tax return; the business itself is not taxed separately.

5. Is an LLC Worth It for Sole Proprietors?

   www.aol.com/llc-worth-sole-proprietors-140012254...

   LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation.

6. Sole proprietorship - Wikipedia

   en.wikipedia.org/wiki/Sole_proprietorship

   A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. [1] A sole trader does not necessarily work alone and may employ other people. [2]

7. Small business owners must report by end of the year to avoid ...

   www.aol.com/small-business-owners-must-report...

   That means even an owner of a single-member LLC is required to file, along with all corporations (including S corporations) and larger LLCs. 'People just create their own LLC and we don't know'