{"ok":true,"canonical_url":"https://dealroom.so/glossary/single-member-llc","api_url":"https://dealroom.so/api/public/glossary/single-member-llc","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"single-member-llc","term":"Single-Member LLC","group":"People and paperwork","definition":"This is a Limited Liability Company with only one owner. It provides personal liability protection, separating your personal assets from the business's debts.","what_it_means":"Many small businesses are structured as single-member LLCs. When you acquire one, you'll typically purchase the assets, not the entity itself, to avoid inheriting unknown liabilities. Consult legal counsel to ensure a clean asset purchase agreement and proper business registration.","url":"https://dealroom.so/glossary/single-member-llc","official_sources":[],"related":[{"slug":"llc","term":"LLC","url":"https://dealroom.so/glossary/llc"},{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"},{"slug":"corporation","term":"Corporation","url":"https://dealroom.so/glossary/corporation"},{"slug":"partnership","term":"Partnership","url":"https://dealroom.so/glossary/partnership"}],"related_questions":[{"question":"Does my business legal structure (like LLC or Sole Proprietorship) affect SBA 7(a) loan eligibility?","url":"https://dealroom.so/sba-loans/basics/does-my-business-legal-structure-like-llc-or-sole-proprietorship-affect-sba-7-a-loan-eligi"},{"question":"Does my business need to be set up as an LLC or Corporation for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/does-my-business-need-to-be-set-up-as-an-llc-or-corporation-for-an-sba-7-a-loan"},{"question":"Are there any specific business entity structures (e.g., LLC, S-Corp) required for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/are-there-any-specific-business-entity-structures-e-g-llc-s-corp-required-for-an-sba-7-a-l"},{"question":"What if the business I'm acquiring relies heavily on a single major customer?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-m-acquiring-relies-heavily-on-a-single-major-customer"},{"question":"What is the maximum aggregate outstanding loan amount for a single 7(a) borrower?","url":"https://dealroom.so/for-lenders/questions/what-is-the-maximum-aggregate-outstanding-loan-amount-for-a-single-7-a-borrower"},{"question":"What is the highest amount of money a single SBA 7(a) loan can be?","url":"https://dealroom.so/sba-loans/basics/what-is-the-highest-amount-of-money-a-single-sba-7-a-loan-can-be"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Single-Member LLC","url":"https://dealroom.so/glossary/single-member-llc","source_type":"DealRoom Data"}}