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Level 1
November 16, 2022
Solved

Single Member LLC Taxation

  • November 16, 2022
  • 1 reply
  • 11 views

As a single member LLC, does being member-managed vs. manager-managed change anything about my tax status?

    Best answer by Anonymous_

    @clairec1 wrote:

    As a single member LLC, does being member-managed vs. manager-managed change anything about my tax status?


    No. Single-member LLCs are treated as disregarded entities for federal income tax purposes.

    1 reply

    Level 15
    November 16, 2022

    @clairec1 wrote:

    As a single member LLC, does being member-managed vs. manager-managed change anything about my tax status?


    No. Single-member LLCs are treated as disregarded entities for federal income tax purposes.