Re: What are the problems with an LLC as a professional?
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A single-member LLC is a non-entity for federal tax purposes. In other words, you'll be taxed exactly as if you were a sole proprietorship.
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I do not believe this to be correct. It is definetly a taxable entity. It sounds like your describing what happens if they 'pierce the veil' of the LLC. The most common reasons for that to occur would be undercapitalization and not following proper procedures (not having meeting, not filing reports, etc). A single member can be treated like a LP for tax purposes. I'd really like to hear others take on this though.
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