If you\u2019re a single-member LLC that\u2019s not a sole proprietorship, you\u2019re considered a separate legal entity from your owner. As such, you\u2019re responsible for your taxes and any legal obligations that come with your business.<\/p>\n
There is no need for a single-member LLC to have insurance. It is recommended that you carry general liability insurance if you have employees, but there is no reason for a single-member LLC to have it.<\/p>\n
A single-member LLC, like most LLCs, is a pass-through tax entity that doesn’t pay taxes itself, but rather pays taxes through its owner. However, because an LLC is not a corporation, it doesn’t get the same legal protections as a corporation.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you\u2019re a single-member LLC that\u2019s not a sole proprietorship, you\u2019re considered a separate legal entity from your owner. As such, you\u2019re responsible for your taxes and any legal obligations that come with your business. There is no need for a single-member LLC to have insurance. It is recommended that you carry general liability insurance… Read More »Does a single member llc need insurance?<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":"","_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_selected_social_profile":[]},"categories":[30],"tags":[],"class_list":["post-731","post","type-post","status-publish","format-standard","hentry","category-business-insurance"],"acf":[],"_elementor_source_image_hash":null,"_wp_attached_file":null,"_wp_attachment_context":null,"_wp_attachment_metadata":null,"_wp_trash_meta_status":null,"_wp_trash_meta_time":null,"_elementor_controls_usage":null,"_elementor_css":null,"wpu_allowed_plugins":null,"wpu_allowed_themes":null,"wpu_custom_domain":null,"wpu_description":null,"wpu_free":null,"wpu_order":null,"wpu_price_1":null,"wpu_price_12":null,"wpu_price_3":null,"wpu_quotas":null,"wpu_site_template":null,"wpu_title":null,"wpu_top_deal":null,"nb_of_words":"112","wu_unmap_page":null,"_edit_lock":null,"_elementor_data":null,"_elementor_edit_mode":null,"_elementor_page_settings":null,"_elementor_pro_version":null,"_elementor_template_type":null,"_elementor_version":null,"_wp_page_template":null,"_links":{"self":[{"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/posts\/731"}],"collection":[{"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/comments?post=731"}],"version-history":[{"count":1,"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/posts\/731\/revisions"}],"predecessor-version":[{"id":766,"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/posts\/731\/revisions\/766"}],"wp:attachment":[{"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/media?parent=731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/categories?post=731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikideluxe.com\/insurance-information\/wp-json\/wp\/v2\/tags?post=731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}