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How many people are needed to form an LLC?

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How many people are needed to form an LLC?

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

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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.

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As of January 1st, 1999 only two states require two members. These states are: The District of Columbia and Massachusetts.

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In Arizona, only one person is needed to form an LLC. The IRS does allow one member LLCs to qualify for pass-through tax treatment; however, taxation of one person LLCs at the state level may be different.

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In Colorado, an LLC must have at least one member but can have as many members as desired (there is no limit in # of members). An owner of an LLC is commonly known as a member of that LLC (similar to shareholders of a corporation).

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