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.
Buying Stock in S Corporations. Certain small businesses make elections to be taxed as S corporations in order to avoid the double taxation that results by default with corporate entities. Although an LLC member can buy stock in an S corporation if fewer than 100 shareholders exist, an LLC cannot.This is because the rules governing S corporations donât allow LLCs, corporations and other business entities to own stock in the company.If an LLC or other prohibited shareholder does buy stock, the company can lose its S corporation status.uying Stock in S Corporations. Certain small businesses make elections to be taxed as S corporations in order to avoid the double taxation that results by default with corporate entities. Although an LLC member can buy stock in an S corporation if fewer than 100 shareholders exist, an LLC cannot.