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

One of the features of running a limited liability company is its flexibility. LLC owners, who are called members, can have company profits taxed as a corporation or partnership. There are advantages ...

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity. It’s important to communicate those considerations to your clients to ...

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 ...

When launching a new business, one of the most critical decisions you'll face is selecting the appropriate legal structure. The choice between a Limited Liability Company (LLC), S-Corporation (S-Corp) ...

When you start a new business, one of the first questions that comes up is your business structure. Two of the most common types of business structures are LLCs and corporations. While many small ...

The deadline for existing limited liability companies and C Corporations to elect S Corporation tax treatment for the tax year 2022 was March 15. So, what happens if a business missed the S Corp ...

Opinions expressed by Entrepreneur contributors are their own. Among the many decisions you need to make when launching a business is selecting a business structure. If you do nothing, your business, ...

Many businesses that start as a sole proprietorship reach a point where it makes sense to graduate to a more complex business structure. Registering your business as its own legal entity can also ...

You've probably heard that being an S Corporation has some perks. It certainly can for some businesses. Might it be the right option for you? Let's take a moment to chat about all things S Corp so ...

When deciding what type of business you should start, the options can seem overwhelming. Two of the most common types of U.S. business structures are C corps and LLCs. A C corp is a company that can ...