Further information may be found within the Social Equity Contracting section of the website. A restricted legal responsibility company can have one or many homeowners. If just one particular person is the owner, the construction is recognized as a single member restricted legal responsibility company, which permits you to deal with the enterprise as a sole proprietor for tax functions whereas retaining the opposite legal protections of an limited liability firm. The IRS has lately held that married folks may personal the enterprise and still be categorised as a single member limited liability firm. read more