Limited liability companies (LLCs) are a popular choice of entity for small businesses and investment activities. LLC owners are called members. Single-member LLCs have one owner, although spouses who jointly own an LLC in a community property state can elect treatment as a single member LLC for federal income tax purposes. We will call LLCsContinue reading LLC Refresher
Have you ever been told by an accountant, or anyone for that matter, you should only open an LLC if you have over a certain amount of money? Well, I’m here to tell you that’s bogus. It might as well be malpractice. I’m going to give you two basic points about having an LLCs andContinue reading Why and When for LLCs?