What are the requirements for a single member LLC (SMLLC)?
SMLLC owned by a corporation. An SMLLC that, for federal income tax purposes, is disregarded as an entity separate from the corporation that is its owner is treated as a C corporation. Therefore, if the SMLLC is a member of a PE, the PE is not required to make Connecticut composite income tax payments for the SMLLC. Also, if the SMLLC is not a PE, it is not required to make Connecticut composite income tax payments for its owner. SMLLC owned by an individual. An SMLLC that, for federal income tax purposes, is disregarded as an entity separate from the individual who is its owner is treated as an individual. Therefore, if the SMLLC is a member of a PE, the PE is required to make Connecticut composite income tax payments for the SMLLC, if the criteria of Question 3 are met. Also, if the SMLLC is not a PE, it is not required to make Connecticut composite income tax payments for its owner. SMLLC that elects to be taxed as a C corporation. An SMLLC that elects, for federal income tax purpos
