Gain insight into why NOT to form a single-member LLC.
Some may choose to form a single-member LLC just to get legal liability limitation, or just for perceived tax benefits, or to establish “legitimacy” as a business, per se. The first two of these reasons can be benefits of forming an LLC, but they are not the be-all and the end-all of criteria – or even the most important criteria one should consider when deciding which business organization structure is best for a new business. This video reviews common, yet often poor, reasons for choosing to form a single-member LLC.
Agenda
Faculty
Noel R. Bagwell, III, Esq.
ExecutiveLP®
- Founder of Executive Legal Professionals, PLLC (ExecutiveLP®)
- Founder of Lead Again Consulting™
- Accomplished public speaker and legal trainer to thousands of attorneys and entrepreneurs, nationwide
- Author of How to Structure Your Business for Success: Choosing the Correct Business Structure for Your Entity and Lead Again: Survive Any Setback and Reclaim Calm Amid Crisis
- Winner of the Clarksville, TN Mayor’s Certificate for servant leadership, ongoing sacrifice, and commitment to collaboration and inclusion within a small business community
- Four-time winner of the Tennessee Supreme Court’s Attorney for Justice Award
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