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.
A multiple-member LLC will be taxed like a partnership. However, you can choose to have your LLC taxed as a corporation by filing a form with the IRS. Corporations are taxed as either S corporations or C corporations. An S corporation is a pass-through entity that does not pay taxes at the corporate level.