Asset Protection Services of America

© 2004 - 2020 Asset Protection Services of America. All Rights Reserved.
Contact Us
Stacks Image p8_n7

Single-Member LLC

Whereas a Corporation has shareholders, a Limited Liability Company has ‘members’ and a ‘single-member’ LLC has one owner. The IRS disregards a single-member LLC and looks to the single-member as the responsible (tax-paying) party just as most courts look to the single-member as the (liable) party. Therefore a single-member LLC does not file a separate tax return, the single-owner (if an individual) is responsible for filing information on their personal 1040 tax return. The great states of Nevada, Wyoming and Delaware are currently the only states in the union wherein their state statutes specifically state in-writing that the charging protection applies to single-member Limited Liability Companies as the sole and exclusive remedy for judgement creditors. Unless a single-member LLC is formed in one of these three states, or the sole member of the LLC is another entity, single-member LLC’s offer no asset protection or tax benefits.

Free Asset Protection Consultation
Please complete this form

Click Any Image

Stacks Image p44_n6
APSANevada - Molṑn Labé
APSANevada - What is an Entity
APSANevada - Low-Risk and High-Risk Assets
APSANevada - Molṑn Labé
Stacks Image p44_n23
Stacks Image p44_n26

Books by Jay Butler and Dr. Robert Hagopian
Click Any Image

Stacks Image p40_n7
Stacks Image p40_n10
Stacks Image p40_n13
Stacks Image p40_n16
Stacks Image p40_n20
Stacks Image p40_n23
Stacks Image p40_n26
Stacks Image p40_n29