What’s a Single Member LLC? (Updated in 2019!)

If you’re a sole-entrepreneur and you’re interested in starting a business, you may need to consider forming a single member LLC California provides options of. As a single-member LLC California owner, you’re the only owner of the LLC. Before forming a single-member LLC, you should consider your business type, overall risk, and personal assets. Typically, an LLC means that the members are not typically responsible for all the LLC’s lawsuits or debts. What this means is that the members of the LLC do not have to use personal funds to pay off business-acquired debts. Therefore, the members do not have to give up their personal assets (such as a home or car) to pay a business debt. Knowing how to benefit from the single member LLC California offers as an opportunity to entrepreneurs is helpful if you’re starting a business. If you’re an entrepreneur looking to start a single-member LLC, email me at sam@mollaeilaw.com to get started… On this page, I’ll discuss what a single member LLC is and how you can form your own single member LLC.   What …