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As you might expect, a single-member LLC is a limited liability company that only has one owner. Even with only one member, this type of LLC provides the same benefits of multiple-member LLCs.
Partnership. Partnerships are the simplest structure for two or more people to own a business together. There are two common kinds of partnerships: limited partnerships (LP) and limited liability partnerships (LLP).
member LLC, also known as a MMLLC, is a limited liability company (LLC) with more than one member. Limited liability companies are one of the most popular business structures in the United States.
A partnership is a business where two or more individuals operate the company as co-owners. Share of ownership can be split 50/50 or at any percentage, as long as the total adds up to 100%.
The term single-member is used to recognize that the LLC has one owner, as opposed to an LLC in which there is more than one owner. (In an LLC, owners are called members.) A single-member LLC has all the same advantages ? and disadvantages ? of a multi-member limited liability company.