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.
How LLC Members Are Taxed. LLC owners report business income and losses on their personal tax returns. updated by Diana Fitzpatrick, J.D. A limited liability company (LLC) is not a separate tax entity like a corporation; instead, it is what the IRS calls a pass-through entity, like a partnership or sole proprietorship.