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  2. Entity classification election - Wikipedia

    en.wikipedia.org/wiki/Entity_classification_election

    A change in the number of members of an eligible entity classified as an association (defined below) does not affect the entity's classification. However, an eligible entity classified as a partnership will become a disregarded entity when the entity's membership is reduced to one member and a disregarded entity will be classified as a ...

  3. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    Even the use of a single member LLC affords greater protection for the assets of the member, as compared to operating as an unincorporated entity. [ 19 ] Effective August 1, 2013, the Delaware Limited Liability Company Act provides that the managers and controlling members of a Delaware-domiciled limited liability company owe fiduciary duties ...

  4. 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'

  5. Gōdō gaisha - Wikipedia

    en.wikipedia.org/wiki/Gōdō_gaisha

    Under United States tax law, gōdō gaisha are not classified as corporations, and are therefore eligible to make an entity classification election: a single-member GK may be treated as an extension of its member and a multi-member GK may follow the tax rules for partnerships.

  6. Corporate law in Vietnam - Wikipedia

    en.wikipedia.org/wiki/Corporate_law_in_Vietnam

    An LLC is established by members' capital contribution to the company. As a LLC is a legal entity separate from the owners, the owner(s)'s liability for the firm's debts and obligations is limited to his capital contribution. [11] LLCs exist in two forms - one-member LLC, or multi-member LLC.

  7. Limited partnership - Wikipedia

    en.wikipedia.org/wiki/Limited_partnership

    The 2001 amendments to the Uniform Limited Partnership Act (to the extent the amendments are adopted by state legislature) also permitted limited partnerships to become limited liability limited partnerships in states that adopt the change. Under this form, debts of a limited liability limited partnership are solely the responsibility of the ...

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