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Why Do LLC Pay Less Taxes?

Limited Liability Companies (LLCs) often enjoy certain tax advantages compared to other business structures, such as corporations. Why Do Some LLCs Pay Less in Taxes? Pass-Through Taxation - By default, LLCs are treated…
March 20, 2024
Can The Irs Take Money From LLC?
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Can The Irs Take Money From LLC?

Yes, under certain circumstances, the IRS (Internal Revenue Service) has the authority to collect taxes owed by a limited liability company (LLC). The IRS can take various actions to collect unpaid taxes,…
September 7, 2023
How Much Can An LLC Write Off In Expenses?

How Much Can An LLC Write Off In Expenses?

The amount that a Limited Liability Company (LLC) can write off in expenses depends on various factors, including the nature of the expenses, the type of business, and compliance with tax regulations.…
September 5, 2023
Do LLC Owners Get W-2?

Do LLC Owners Get W-2?

For tax purposes, LLC owners do not typically receive W-2 forms. The type of tax form an LLC owner receives depends on the tax structure of the LLC and the owner's role…
August 30, 2023
How Do I Protect My LLC Money?

How Do I Protect My LLC Money?

Protecting the money and assets of your Limited Liability Company (LLC) is essential to safeguard your personal and business financial well-being. Here are some steps you can take to protect your LLC…
August 15, 2023
Is A Husband And Wife LLC Disregarded?

Is A Husband And Wife LLC Disregarded?

In the United States, when an LLC (Limited Liability Company) is owned solely by a husband and wife, it is generally treated as a "disregarded entity" for federal tax purposes. This means…
July 24, 2023
Should I Add My Wife As A Member Of My LLC?

Should I Add My Wife As A Member Of My LLC?

Adding your wife as a member of your LLC can be a strategic decision that depends on various factors, including your specific business needs, financial goals, and personal circumstances. Here are some…
July 22, 2023
Can The Irs Go After An LLC?
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Can The Irs Go After An LLC?

Yes, the Internal Revenue Service (IRS) can go after an LLC (Limited Liability Company) if the LLC owes taxes, has unpaid tax liabilities, or is non-compliant with tax regulations. While an LLC…
July 22, 2023
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