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, pass-through taxation, and flexibility of management.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 choice the attractive features of an SMLLC, such as pass-through taxation, personal liability protection, and flexibility of management how to choose the proper tax treatment for your SMLLC the tasks involved in running your SMLLC, like paying taxes, filing annual reports, and keeping proper records.This edition explains the Tax Cuts and Jobs Act, most importantly the 20% pass-through deduction available to SMLLC owners.David M. Steingold is a Nolo author and a Michigan attorney. His practice covers multiple areas, including business law.