Glossary • Updated 2026
Single-Member LLC (SMLLC)
One-owner LLC, disregarded federally: profit lands on the owner’s return, but CA still charges $800 + fees.
In detail
Files Form 568 in California by April 15.
Wyoming gives SMLLCs lifetime charging-order protection by statute.
Electing corporate status swaps Form 568 for Form 100/100S.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries