Next question in the series “Things You Should Know According to Your Neighborhood Lawyer – Constitution Edition” Question 5: How could Jeannette Rankin have served in Congress before the Nineteenth Amendment (woman suffrage) was adopted? Answer: “The Constitution never prohibited women from voting or serving in public office, leaving that for the states to decide. […]
In the last presidential election, one of the rallying points for voters was President Trump’s desire to “drain the swamp.” The “swamp” is a metaphor for the bureaucracy of the federal government and the special interests that control our laws. President Trump never said how this goal would be accomplished, but one thing for sure is he has failed to use the one true vehicle to accomplish this goal — the United States Tax Code.
The term used for an owner of an LLC is “member” and an LLC can have a single member or many members. The difference between the two is fairly obvious, but can be worth addressing. Generally a single member LLC will be managed by that single member, though it is entirely possible that the single member could chose to have a manager run the LLC instead. The single owner LLC generally operates much like a sole proprietorship with the owner exerting full control over the business.