As an owner of a limited liability company you are not considered to be an employee. You are instead, a self employed business owner whether you have full stake in the company or not. If you have invested only a small portion in the company and do not make decisions about its direction or its ......
There is almost nothing more confusing than the personal tax code, except perhaps the LLC income tax code. Your LLC does not have to pay income taxes, however each member of the LLC does. The amount that must be paid can be based on earnings that have not been realized, however you can modify these ......
LLC taxation is different from that of a corporation or other business entities in a number of ways. First, the LLC does not pay federal taxes on its earnings through the year. Do not misconstrue that as reading “tax free” because that is not true. However, the way that the taxes are paid is different. ......
If you have a LLC or Limited Liability Company, you may think to file the LLC taxes yourself. However, if you are concerned that you don’t understand the LLC tax code or that you might be about to make a costly error in your filing, it is better to hire a CPA who knows not ......
