Best entity setup for a single investor?

[Kim Bayless]

I'm sure this has been asked many times. I have always previously done business using LLCs, but they were always partnerships with my husband at the time. Now single. I understand single-member LLC's do not offer the same protection. Is a corporation a better option? I don't want to keep any property in my personal name.

[David Dachtera]

Actually, @Kim Bayless, you don't want either member of a two-member LLC to actually be a human person. The whole Idea is that it should not be traceable back to a living person. At most, it should trace back to a trust whose beneficiary MAY be a living person, but that information is not publicly available (the trustee is known, but not the beneficiary). "Control everything, own nothing."

Your business attorney should be able to explain it. If not, I can refer you to someone who can.

David J Dachtera

"Success is not a destination. Failure is not an event. Success is a process, failure is a choice."
- DJ Benedict