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

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 ...

The nature of your LLC can influence which tax forms you need and what you ultimately owe. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

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 ...

A limited liability company, also known as an LLC, is a flexible entity that allows the owners, called members, to select the form of business that best suits their needs. An LLC offers limited ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Whether an LLC is treated as a partnership or a disregarded entity for federal income tax purposes can sometimes have a significant effect on the tax consequences of a transaction. A recent order ...