Taxation is one element to consider when choosing a business structure for your company. One unique aspect of Limited Liability Companies (LLCs) is your ability to decide how they will be taxed. That ...

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.

Limited liability companies (LLCs) are what's called "pass-through entities." This means that the business does not pay corporate income taxes. Instead, the individual owners or members of the LLC ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Setting up and going into business on your own is now easier than ever. Thanks to online business formation services, all the information and assistance you could, and will, need is easily accessible.

Question: My friend and I are starting a new business soon and are researching whether or not forming a Limited Liability Company is our best option. We would greatly appreciate it if you could ...