A limited liability company (LLC) is business entity authorized by a state. Neither a partnership nor a corporation, an LLC provides sole proprietors and business partners many of the rights afforded ...

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity. It’s important to communicate those considerations to your clients to ...

Like ice cream, the limited liability company business structure has several varieties. Which will best suit your business clients' tastes and needs? In this article, I'll describe the types of LLCs ...

Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, while S-Corps must distribute earnings based strictly on ownership percentage.

A Limited Liability Company capital account is a way to keep track of an individual member's investment in the business. If the business was sold, or the member wanted to sell her share of the ...

Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...

Ramp reports LLCs should seek business credit cards to separate expenses, manage cash flow, and build credit, helping streamline operations.

Baum CPA LLC is a professional team that offers expert accounting, payroll, advisory, and tax services for franchises funded using ROBS arrangements. We specialize exclusively in Roll-Over as Business ...

In addition to leading Fuentes & Angel CPAs LLC in Jericho, Lynne Fuentes has a new title: president-elect of the 24,000-member New York State Society of CPAs. She talked with the Long Island Press ...