1. Amway is a global leader in the $102-billion direct selling industry. More than three million Amway Business Owners operate independent businesses in more than 80 countries and territories around the world.
A single-member limited liability company, as a solely owned LLC is called, gives the owner a choice of how to be taxed -- as a sole proprietorship, an S corporation or a C corporation.The legal structure of the business itself doesnât change with any of the choices.nder an S corporation classification, a single-member LLC needs to have a large enough profit in excess of the ownerâs salary to realize any tax savings on passive income.
Entities. 1  A Limited Liability Company (LLC) is taxed as a partnership or sole proprietorship, unless the owners elect to be taxed as a Corporation. 2  The unit owners of an LLC or stockholders of a âCâ Corporation may be Corporations or foreign citizens.he Corporation or LLC which elects to be taxed as a Corporation can be a tax shelter. The first $50,000 of taxable income is taxed at 15%. A Corporation or taxable-LLC can retain up to $250,000 without having to justify (and pay a higher tax rate on) its accumulated earnings.