Asset Protection Services of America

© 2004 - 2023 Asset Protection Services of America. All Rights Reserved.
Contact Us
Stacks Image 7

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 439
Stacks Image 436
Stacks Image 433
Stacks Image 449
Stacks Image 446
Stacks Image 443

Miami Live Webinar I

Stacks Image 465

Miami Live Webinar II

Stacks Image 460

Miami Live Webinar III

Stacks Image 455

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

Stacks Image 7
Stacks Image 10
Stacks Image 13
Stacks Image 16
Stacks Image 20
Stacks Image 23
Stacks Image 26
Stacks Image 29