News & Advice

If a business doesn't make a profit, it means that its expenses exceed its revenue during a particular period. While operating at a loss is not uncommon, especially for new or growing…

The amount of business loss you can write off depends on several factors, including your business structure, your level of involvement in the business, and tax laws and regulations. Here are some…

As an owner of a Limited Liability Company (LLC), you generally have flexibility in how you pay yourself, but there are important considerations to keep in mind... Operating Agreement - The operating agreement…

While business expenses incurred by a Limited Liability Company (LLC) can generally be deducted from the company's taxable income, not everything can be written off as a business expense. The IRS has…

Limited Liability Companies (LLCs) offer several tax advantages, such as pass-through taxation and flexibility in tax treatment. However, there are also some potential tax disadvantages to consider... Self-Employment Taxes - While LLCs offer…

While Limited Liability Companies (LLCs) offer several advantages, such as limited liability protection and flexibility in management and taxation, there are also some potential drawbacks to consider... Complexity in Formation and Maintenance…