A single-member-LLC is a business that has one (1) owner and has been most often created for tax planning and ownership separation of LLC assets and/or liabilities. All revenue generated by a member`s LLC and after expenses have been properly deducted are “passed on” at the same rate as the owner`s personal level. With the exception of a state tax or tax, a person`s LLC does not pay taxes at the business level. For these reasons, it is highly recommended to create an LLC for a small business, real estate entity, or any other tangible or intangible asset that generates revenue. 5. Capital. The initial capitalization of the company consists of [AMOUNT IN DOLLARS] which is managed by the member. Additional deposits may be made on the dates and at the level set by each member.