IRS Treatment of the One-Member LLC.
An LLC with only one member / owner is automatically considered to be a sole proprietorship unless an election is made to be treated as a corporation.
Business Structures Defined: The Corporation
The corporation is America’s most popular and oldest form of business entity. As such, corporate statutes have had the opportunity to evolve over the years and have become quite uniform throughout the states. Today, the most popular forms of corporation include the “General-For-Profit Corporation (or, C-Corporation)” and the “S-Corporation.”
PR Failure Defined
I define public relations failure this way: