It’s 2025, and with it come major tax law changes for LLC owners. It’s crucial to stay in compliance and understand the ...

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

If you’re the single member of a limited liability company (LLC), you’ll typically file your business tax information on Schedule C and report the profit or loss from your business on Form 1040.

For most people, getting out of self-employment taxes will save a lot of money. LLCs do not allow that on their own. However, ...

For many companies, it can deliver significant tax benefits as well. Here’s why. By default, a single-member LLC (with a sole owner) is taxed like a sole proprietorship. The IRS considers the ...

However, even if an inactive LLC has no income or expenses for a year, it might still be required to file a federal income tax return, LegalZoom reports. Do I Need to File a Tax Return for an LLC ...