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We all love to operate under limited liability and all the more better if we could get some relief from the tax guys. Well, there is no immediate respite from the tax chaps, so don't try running from those guys. They have three options. -They can file returns either as a corporation, a partnership or sole proprietorship. Certain llc'sare put under the same category and taxed alike. These
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"S Corporation or LLC?" is a common question for new business owners. I have several people call me each week asking this. I always tell them the question is impossible to answer. And here's why. An LLC is chameleon for income tax purposes. Therefore, an LLC can be anything the owner or owners (who are called members) want the LLC to be--including an S corporation. An LLC
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The short answer is yes...if your business is located in Nevada. Otherwise, your best bet is to http://www.llc-made-easy.com">form your business entity in the state where your business operates. There many myths about forming Nevada LLCs and corporations. One such myth is that you can avoid paying federal income tax by incorporating in Nevada. That's completely untrue. There is no way to avoid federal income taxes other than
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