The single-member limited liability company or the single shareholder S corporation: A life-cycle analysis of the chosen path.

Excerpt: “…This article follows a life cycle approach. We first look at the differences between forming a single-member LLC and a single-share holder S corporation. The analysis then turns to an examination of the dissimilarities encountered during the operation of each entity, including nonliquidating distributions to the sole owner. This is followed by a discussion of both the sale of the business to another party, and finally by the tax rules surrounding a liquidation of the entity itself…” (p.34)