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

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 ...

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 ...

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 ...

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.

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 ...

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.

A limited liability company, or LLC, is a hybrid business structure that is legal everywhere in the United States. An LLC offers some of the advantages of corporations, like limiting legal liability, ...

The IRS issued Notice 2021-56 to clarify the standards that a limited liability company (LLC) must satisfy to receive a determination letter recognizing it as tax-exempt under Sec. 501(c)(3).

When deciding what type of business you should start, the options can seem overwhelming. Two of the most common types of U.S. business structures are C corps and LLCs. A C corp is a company that can ...