Sole Member Meaning
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FAQ
Unlike a Sole Proprietor which is an unregistered business entity using for the most part the single owner's name, a Single-Member LLC registers the business entity with the state and separates the personal assets of the single owner from that of the business.
member limited liability company, or SMLLC, is an LLC that's owned by one person (LLC owners are referred to as members).
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.
Sole members means a single member of particular type. For example, bacteria are the only members (sole members) of kingdom Monera. There are no organisms other than bacteria present in the kingdom Monera.
