Exactly, and American single-owner LLCs can pay taxes very simply on their perso...

		waffle_ss on Aug 26, 2020 \| parent \| context \| favorite \| on: First tax year with Stripe Atlas Exactly, and American single-owner LLCs can pay taxes very simply on their personal 1040 tax form. It's only if you elect your LLC be taxed as an S-corp or C-corp, or incorporate as a real corporation that taxes need to get complicated.