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How many people are needed to form an LLC?

An LLC, or Limited Liability Company, can be formed with just one person. This is called a single-member LLC. Alternatively, an LLC can also be formed with multiple owners, known as members. In most states, there is no maximum number of members that an LLC can have.

Keep in mind that single member or multi member LLC's fall into a very specific tax category. You can elect your Limited Liability Company to be taxed as a disregarded entity, either sole proprietor or partnership, or taxed as a S or C corporation for further tax advantages.

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