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

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 ...

If you are an LLC owner, it's important to understand the tax filing requirements for your business. Failing to file your taxes correctly can lead to penalties and interest charges from the IRS. In ...

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 ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. You’ve incorporated your venture as an LLC (limited ...

Roderick Robeson CPA LLC redefines modern tax strategy with proactive, legally grounded planning that empowers clients with ...