A Disregarded Entity is an IRS classification in which a business is considered separate from the owner for liability purposes, but is considered the same as the owner for tax purposes.  A Disregarded Entity pays federal income taxes through the personal income tax return of the business owner. 

A Single Member Limited Liability Company (LLC) is a separate entity for liability purposes.   A Single Member LLC that elects not to be taxed as a Corporation is a Disregarded Entity.

C Corporations, S Corporations, multiple member LLCs, Limited Partnerships and Limited Liability Partnerships are NOT considered to be Disregarded Entities.