Yes. It's solely owned in my name only. I did not make any elections at setup how it will be taxed. Thanks again for your help.One has to ask why you chose to form an LLC. As a single-member LLC in CA, you are subject to an annual $800 minimum tax in addition to your regular income tax. Unless you intend to hire others to work for you, your LLC doesn't provide much protection for your other assets since you are always personally liable for your own actions. The LLC entity structure is only beneficial if you intend to take on additional investors or employees.Ira
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