News & Advice

The two main advantages of having a Limited Liability Company (LLC) are.. Limited Liability Protection - One of the primary benefits of forming an LLC is limited liability protection. LLC owners, also known…

If your Limited Liability Company (LLC) only has expenses and no income for a particular tax year, the tax implications will depend on whether the LLC is classified as a disregarded entity…

A sole proprietorship and a limited liability company (LLC) are two different business structures with distinct characteristics... Sole Proprietorship - A sole proprietorship is the simplest form of business structure and is…

Yes, you can use TurboTax to file taxes for your LLC. TurboTax offers options specifically designed for small businesses, including those structured as LLCs. Here's how you can use TurboTax for your…

Yes, your Limited Liability Company (LLC) can have multiple bank accounts. In fact, it's quite common for LLCs to maintain multiple bank accounts to manage various aspects of their finances more effectively.…

"Piercing the veil" refers to a legal concept where courts may disregard the limited liability protection typically afforded to owners of a limited liability company (LLC) or a corporation. Limited liability protection…