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Forming Your New Business

How are single-member LLCs treated for federal income tax purposes?

A: Single-member LLCs are considered a "see-through" entity for federal tax purposes unless an alternative election is made on IRS Form 8832. Such owners are required to file a 1040 Schedule C as a sole proprietor with their federal income tax return, just as if the LLC did not exist.

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The Kramer Law Firm LLC represents small business clients throughout Washington, D.C. and Montgomery and Prince George's Counties in Maryland, including the communities of Bethesda, Bowie, Chevy Chase, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Spring and all of the surrounding areas.

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