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 ...

The process of forming an LLC can be overwhelming. With different state laws, confusing documents, and strict filing deadlines, even small mistakes can lead to costly delays, rejected applications, or ...

The IRS announced Tuesday it will launch a test run of a direct, free online tax-filing system for the 2024 tax season, citing high levels of taxpayer interest in such a system and relatively low cost ...

A Limited Liability Company (LLC) is one of the most popular ways to legally structure your small business. There's a good reason for that — forming your business as an LLC helps protect your personal ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

If you organize your small business as a limited liability company, you can have subsidiaries. The way you organize those subsidiaries affects how they are taxed, and this can affect the cash flow to ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. You might have heard it from a friend, or maybe you saw it ...

In many states, limited-liability companies are required by law to file annual reports with the state authorities, according to legal website NOLO. This is not the same type of annual report that ...