The dream of entrepreneurship often leads business owners to establish Limited Liability Companies (LLCs), attracted by their flexibility and asset protection. Yet a critical oversight in tax ...

The ownership of a limited liability company, or LLC, works in a number of ways. LLC owners are referred to as members, and ownership can include only one member or many members, with members ...

Single member limited liability companies are governed by state business laws, and state and federal tax laws. To avoid general liability, sole proprietors can take advantage of state statutes ...