Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How many people are needed to form a limited liability company (LLC)?

April 26, 2017form limited liability company LLC needed people

0

0 Posted

How many people are needed to form a limited liability company (LLC)?

3 Answers

0

Posted

. Currently one (1) state, Massachusetts, requires a limited liability company to have two (2) members. All other states allow a limited liability company to have one (1) or more members. The IRS does allow one member LLCs to qualify for pass-through tax treatment. However, taxation of one (1) person LLCs at the state level may be different and you should check with your state for details.

0

Posted

A. The IRS does allow one member LLCs to qualify for pass-through tax treatment; however, taxation of the one person LLCs at the state level may be different.

0

Posted

. Currently one (1) state, Massachusetts, requires a limited liability company to have two (2) members. All other states allow a limited liability company to have one (1) or more members. The IRS does allow one member LLC’s to qualify for pass-through tax treatment. However, taxation of one (1) person LLC’s at the state level may be different and you should check with your state for details.