Piercing the Single Member LLC (Limited Liability Company) - Adjusting to 6 Figures - 0 views
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adjustingto6figu on 06 Aug 17Limited Liability Companies ("LLCs") are great vehicles for individuals and groups of people who are interested in protecting their personal assets from business liabilities while keeping their corporate tax return preparations fairly simple. Single Member LLCs ("SMLLCs") - LLCs containing only one individual - are fairly new in the world of business entities. Their use has proven to be quite popular, but their existence has also posed some fundamental legal questions.