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

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might ...

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.

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. It’s 2025, and with it come major tax law changes for LLC owners. It’s crucial to stay ...