How many entities or people are required to form an LLC?
In most states, only one entity or one person is required to form an LLC. In terms of taxation, the IRS does recognize single member LLCs and allows pass-through taxation. Although the Internal Revenue Service allows one member LLCs with pass-through taxation, some states may not afford equal treatment to single member LLCs. To avoid any surprises, we recommend that you speak with your accountant or tax preparer to find out how the tax laws in your state would affect your single member LLC prior to organization.
