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"Disregarded entity" means that your business is not considered by the IRS (and possibly your state taxing authority) to be a separate entity from you for tax purposes -- i.e., you and your business are one in the same as far as taxes are concerned.
Should you change that? I don't know your specific situation, but in general, if it made sense to form a single member LLC in the first place, then there may be some good reasons to file the 8832 and change that status (for example, as a disregarded entity, you'd be personally responsible for employment tax obligations). You really need the advice of an accountant -- or at least someone who is bigger advocate of single member LLCs than I am.
Welcome to the community and best wishes.
I have views on my other posts, but no replies.
I do have a CPA, but no bus. atty yet. Thank you Lighthouse for your reply.