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 ...

Limited liability companies can be set up by individuals or companies. One reason that the LLC structure appeals to both ownership types is that the IRS allows the LLC to act as a pass-through for tax ...

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 ...

U.S. state statutes often permit the formation of limited liability companies (LLCs) as a business structure also recognized by the Internal Revenue Service (IRS). Each state can have different rules ...

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 ...

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 ...

A limited liability company (LLC) is a business that offers management flexibility, pass-through taxation and, in most cases, personal asset protection during bankruptcy or lawsuits. Often, your home ...