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

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.

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 ...

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 ...

Whether you operate a business as a single-member limited liability company, or a multimember LLC, the same funding tax issues arise in both situations. The applicable tax designation for the LLC is ...

Business owners create limited liability corporations (LLC) primarily for the protection they receive against significant income loss or legal cases that could be filed against them by customers or ...

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