The Single Member LLC is now allowed in every state in America. There are several reasons for a sole owner to set up a single member llc.

1. Personal Liability Protection. The single member llc is the easiest and most effective way for a solo business owner to safeguard his home and savings from business issues. Because of the ease of formation, this can be accomplished easily.

2. Tax Choices. The taxing authorities passed laws in 1997 that generally allows a single member llc to choose how it wants to be taxed including permitting the company to be taxed as if the limited liability company did not exist. This is wonderful because you do not have to subject yourself to tax complexity or double taxation in order to get protection.

3. Ease of Maintenance. The state lawmakers recognized the need to free the small business entrepreneur with onerous and complex operational procedures. So every LLC is straightforward to run but it is even easier for the single member llc which does not require as many checks and balances. It is advised that you execute a llc operating agreement for single member just to evidence the existence of your single member llc which helps preserve your protections.

4. Formal Vehicle. This age we live in is unfortunately wrought with scams to fool people. By creating a single member llc for your business, you make your company stand out because an official legal vehicle such as a limited liability company evidences a more trustworthy business. After all, fraudulent people do not choose to have dealings with state governments and government filings are required to form a single member llc.

A single member llc is fairly straightforward to create but it should be done correctly. There are affordable LLC filing services out there such as The LLC Expert.com who can do this for you fast and properly. Also, in order to make sure you do not lose the benefits of a single member limited liability company make sure you have the minimum paperwork in place such as the llc operating agreement for single member and that you always do business officially as your LLC and not personally.