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Every company should be owned by its employees
(www.elysian.press)
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this post was submitted on 25 Jul 2024
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If the original owner can do it better on their own they should go into business for themselves rather than create an LLC, once LLC it should be mutually beneficial, not just there to protect the owners private assets
I mean, I'm a single-member LLC (electrician). I'm not sure what you mean.
In the UK we have the designation of Sole Trader for that. Is there not something similar where you are?
Sole Prop(rietor), but it's still just a pass-through LLC for one person. More of a legal separation for liability than anything else in the US.