Disregarded entity An entity that is disregarded for U.S. federal income taxes, but is recognized by state law as a separate legal entity (e.g., a single member LLC). Home Resources Startup Law Dictionary Disregarded entity Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :