If you operate a business where you're responsible for paying yourself, you'll probably have to choose between two business structures: a limited liability company (LLC) and an S corporation. These ...

Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...

Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, while S-Corps must distribute earnings based strictly on ownership percentage.

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

Getting advice from a good tax pro is worth it. They can help you squeeze the most out of your LLC tax benefits and keep you ...

Senate Republicans will soon debate trillions of tax breaks approved by House lawmakers, including a bigger deduction for small business owners, contractors, freelancers and gig economy workers.