> Not even remotely true. SMLLCs are disregarded entities for tax purposes, so their transactions are taxed directly to their owners. And legally, the concept of veil-piercing applies to SMLLCs generally, and especially to undercapitalized SMLLCs (meaning any LLC without sufficient independent assets to pay off all liabilities against it).

This is true in Finland, which has fewer forms of corporations than the US for example. The corporation can decide to not pay out all of its earnings to its sole shareholder, but in such situation, the company needs to pay an additional 20% tax for the retained amount of money, for conducting a successful year of operations. This is rarely a good idea, but in this case where the owner is subject to constraints of personal income imposed by the government, it might make sense.