# Disregarded entity

> Disregarded entity — An eligible entity with one owner that has not elected to be a corporation, ignored for income tax so its results go on the owner's return — Schedule C for an individual owner. It is still a separate legal entity, and still the employer for employment taxes.

Source: https://lopifi.com/glossary/disregarded-entity
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is disregarded entity?** In accounting, disregarded entity means an eligible entity with one owner that has not elected to be a corporation, ignored for income tax so its results go on the owner's return — Schedule C for an individual owner. It is still a separate legal entity, and still the employer for employment taxes.

## Also known as

- Single-member LLC

## Words this system refuses for it

- sole proprietorship (which has no entity and no liability shield)

- **Category:** Entity types
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)