LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

For example, your business might be an LLC (limited liability company), or it could be a corporation or partnership. Each one of these impacts the sale, and the tax you owe, in a different way.

Sole proprietors file small business taxes on their individual tax returns using Schedule C to outline the profit or loss ...

A form of business organization with the liability ... the flexibility and tax pass-through advantages of a partnership Many states allow a business form called the limited liability company ...

No estate tax was owed upon either parent’s death ... by holding the general partnership interest in a limited liability company (LLC) that is owned and controlled by the parents.

A family limited liability company (LLC) protects the assets of a family business from creditors. An LLC offers the protection of a corporation with the tax structure of a partnership. A family ...

The IRS did not abuse its discretion in sustaining a proposed levy action for unpaid employment taxes, the U.S. Tax Court held, granting the IRS’s motion for judgment on the ...

A US-based private fund commonly uses either a Delaware limited partnership or a Delaware LLC as its legal entity. However, it's typical to see a nested structure in which the fund is a limited ...

Embarking on the entrepreneurial journey of establishing a Limited Liability Company (LLC ... up a business bank account and obtaining a tax ID number. Crafting an operating agreement for your ...

LLP stands for limited ... Business Entity Tax Practice leader at Friedman LLP, a New York-based business consulting firm. Different states provide different degrees of liability protection ...

The result: People operating under partnerships must update their agreements and be ready to cooperate with each other or face the possibility of paying higher taxes. All partnership entities ...

Reviewed by Lea D. Uradu Fact checked by Melody Kazel When you buy a house with a business like an LLC, your company might end up selling the house back to you. If that happens, what sort of taxes ...