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 ...

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 ...