An SMLLC Conundrum: Disregarded for Federal Tax Purposes but Not in Federal Court
Journal of Business Entities, Vol. 12, No. 1, p. 4, January/February 2010
13 Pages Posted: 17 Sep 2009 Last revised: 24 Mar 2010
Date Written: September 16, 2009
In Federal Court, the only member of a SMLLC may not represent the SMLLC unless that owner is also a lawyer. To do so exposes the SMLLC to dismissal as well as the owner to the unauthorized practice of law. The article explores the implications of these rules to small closely held LLCs.
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