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.
The best comparison here is between an LLC and an S corporation, because an LLC can choose to be taxed as an S corporation. Social Security Taxes. The owners of the S corporation can take out some profits without Social Security taxes.he best comparison here is between an LLC and an S corporation, because an LLC can choose to be taxed as an S corporation. Social Security Taxes. The owners of the S corporation can take out some profits without Social Security taxes.