Maryland Single Member LLC Operating Agreement

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A Maryland Single Member LLC Operating Agreement is a written document that allows a single owner (the sole owner of a company) to separate their business from their personal affairs. Importantly, for federal income tax purposes, the sole member is not treated as a separate entity from the LLC (unless the member files affirmatively to be treated as a corporation). Therefore, the LLC activities should be included in the owner’s individual tax return under a separate schedule. Note, however, the LLC is entitled to separate entity status as it relates to employment taxes and certain excise taxes.

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