For federal income tax purposes an LLC, or limited liability company, is considered a disregarded entity. In effect, the LLC does not exist under the Internal Revenue Code. Despite this fact, a ...

The dream of entrepreneurship often leads business owners to establish Limited Liability Companies (LLCs), attracted by their flexibility and asset protection. Yet a critical oversight in tax ...

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 ...

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.

If you own a small company, you may be considering structuring your business as a limited liability corporation or LLC. LLCs are seen as a favorable entity type by many business owners. The “limited ...

A single-member limited liability company, as a solely owned LLC is called, gives the owner a choice of how to be taxed -- as a sole proprietorship, an S corporation or a C corporation. The legal ...

You’re starting a new business. Your friend told you to set up a limited liability company (LLC). So you set one up and opened up a bank account. You’re ready to dive in. But you forgot one thing–how ...