Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...

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 ...

U.S. state statutes often permit the formation of limited liability companies (LLCs) as a business structure also recognized by the Internal Revenue Service (IRS). Each state can have different rules ...

Ownership changes can complicate the final partnership tax return of the average small business. Limited liability companies (LLCs) with multiple owners, known as members, can choose corporate or ...

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