This decision requires a clear understanding of business activities, ownership structure, operational activities, long-term ...

Filing taxes is hard enough for the average worker. Taxes can be even more confusing for self-employed and small business owners. Adding to the confusion is the Tax Cuts and Jobs Act (TCJA) of 2017, ...

Choosing the right business entity form for a new company seems like a straightforward choice, but there's actually a lot of nuance — and potentially a lot at stake in regard to future tax liability.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Have you talked to an accountant, CPA or even a fellow ...

When you start a new business, one of the first questions that comes up is your business structure. Two of the most common types of business structures are LLCs and corporations. While many small ...

At some point in a business's lifetime, it may make sense to change its legal business structure. Recently during a webinar, a business owner asked me whether an LLC or corporation registered to ...

Companies generally operate as sole proprietorships, partnerships, limited liability companies or a corporations. Each business entity has unique requirements and responsibilities that might be ...

Before we dive into which entity option is the best for your farm, let’s review your options: Sole Proprietorship: Simply the individual farmer doing business without an entity. The farmer is subject ...

The deadline for existing limited liability companies and C Corporations to elect S Corporation tax treatment for the tax year 2022 was March 15. So, what happens if a business missed the S Corp ...