When it comes to tax purposes, the IRS does not recognize a limited liability company (LLC) as a separate entity. Instead, it considers LLCs as disregarded entities. This means that …
Understanding the Taxation of a Professional LLC
A professional limited liability company (PLLC) is a popular business structure among professionals such as doctors, lawyers, and accountants. While it offers personal asset protection, understanding how a PLLC is …
Tax Filing Requirements for a LLC
When it comes to tax filing, it is important for limited liability companies (LLCs) to understand their obligations. Depending on the number of members and the desired tax treatment, an …