News & Advice

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…

The Internal Revenue Service (IRS) looks for various indicators or "red flags" that may trigger closer scrutiny or an audit of a taxpayer's return. While the IRS does not disclose an exhaustive…