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

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.

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Registering a limited liability company (LLC) is a popular method for starting a business, ...

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, ...

A limited liability company (LLC) is a legal business structure that offers certain protections between your personal and business assets. More specifically, LLCs can help to protect your personal ...