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 ...

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...