Learn all you need to know about SMLLCsSingle-member LLCs are the business entity of choice for small businesses with one owner. With an SMLLC, you get personal liability protection that you don't have with a sole proprietorship.Nolo's Guide to Single-Member LLCs has all the essential information you need to decide whether an SMLLC is the right choice for your business. It explains: how to form an SMLLC and why it can be a good business entity choicehow limited liability protection workshow to choose the proper tax treatment for your SMLLCthe tasks involved in running your SMLLC, like paying taxes, filing annual reports, and keeping proper records.This edition explains SMLLC taxation, most importantly the 20% pass-through deduction available to SMLLC owners.