When you form a single-member Limited Liability Company (SMLLC), you're creating a distinct legal entity separate from yourself. While you are the sole owner, the question of what to call yourself – your 'owner title' – is common. This isn't just about semantics; understanding the correct terminology impacts how you interact with banks, government agencies, and potentially, your customers. The IRS has specific ways it views SMLLCs for tax purposes, which directly influences how you should refer to yourself in official capacities. This guide will demystify the common titles used for single-member LLC owners, explain the IRS's perspective, and provide practical advice on choosing the right title for your business. Whether you operate in Delaware, California, or Texas, the core principles remain consistent. Lovie can help you navigate these details during your formation process, ensuring you set up your business correctly from day one.
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