The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners ...

An LLC is a hybrid form of business entity that has selected features of a corporation and a partnership. It has been structured in a way to benefit from the pass-through taxation feature of a ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

Since an LLC is a hybrid of a partnership and corporation, it provides the twin benefit of pass-through taxation with limited liability. To take full advantage of having an LLC, you should go one ...

This is known as the double taxation risk, in which first the company then you pay taxes on the same money, and is only associated with LLCs taxed as C corporations. If your LLC gets taxed as a C or S ...

Reviewed by JeFreda R. Brown Fact checked by Michael Rosenston The thought of “being your own boss” is sure exciting and if you plan to do it by setting up your business and are ready with a business ...