Q.Do I need two members to form an LLC?

A.As of January 1, 2000, only Massachusetts still requires two members. The I.R.S. also now allows single member LLCs, and taxes them as sole proprietors. However, state taxation of single member LLCs may be different.

© Copyright 1999-2024 Melissa C. Marsh. All Rights Reserved. All Information on this website is subject to a Disclaimer and Use Agreement. This information is provided as general information only and should not be construed as legal advice. We advise you to seek the advice of competent legal counsel to address your own specific questions, facts and circumstances.