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LLC: Single Member LLC

What is a Single Member LLC?

A single-member Limited Liability Company, or LLC, is a form of entity registered and recognized by the state that provides some liability protection for the business owner as outlined by state laws. But for tax purposes, a single member LLC is treated the same as a Sole Proprietorship.

Whether your business is a Sole Proprietorship or a single-member LLC, Deductr enables you to get the maximum deductions that business ownership allows.

Note: Consult your tax professional to see if this fits your circumstances. This is not to be taken as tax advice. Please refer to our End User License Agreement. 

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