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LLC owners must report their business income and losses on
their personal income tax returns
Similar to a sole proprietorship or partnership you must report
your income to the IRS. An LLC is not a separate tax entity like
a corporation. The IRS considers Limited Liability Company a
'pass through entity." Earnings are taxed only once. Profits and
losses of the LLC 'pass through' the business
Read more . . .
There are several advantages to establishing a limited liability
company and many of these compensations revolve around the tax
advantages. A limited liability company if often sought as a
third alternative to forming a corporation or a partnership.
Many corporations are formed because they offer attractive
limits on the personal liability that the business may suffer
due to debts or liabilities. Partnerships don't offer the same
kind of
Read more . . .
Author's Note:This article is the third in a series by Tax ExpertWayne Davies on the advantages of incorporating your smallbusiness or self-employment activity. Article #1:It Can Happen To You:Why Any Sole Proprietorship Is A Risky Businesshttp://www.YouSaveOnTaxes.com/happen-to-you.txtArticle #2:How To Avoid Double The Trouble:Why A Partnership Can Be Twice As Dangeroushttp://www.YouSaveOnTaxes.com/double-the-trouble.txtArticle #3:Three's Company: How To Move From Unlimited Liabilityto Limited Liabilityhttp://www.YouSaveOnTaxes.com hree-is-company.txt------------------------------------------------------------For the
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New Jersey LLC Seal News Updates
Deron Williams scored 34 points, including a go-ahead 3-pointer with 26.8 seconds left in overtime, to help lift the New Jersey Nets to a 97-90 victory over the Philadelphia 76ers on Wednesday night.
Wed, 25 Jan 2012 21:41:15 -0800
BP (BP/) Plc can’t collect from Halliburton Co. (HAL) part of the billion in cleanup costs and economic losses caused by the 2010 oil-well blowout and Gulf of Mexico spill.
Tue, 31 Jan 2012 21:38:02 -0800
Time is running out on efforts by Reto Francioni and Duncan Niederauer to win approval for the merger of Deutsche Boerse AG and NYSE Euronext.
Wed, 11 Jan 2012 06:42:37 -0800
The chief executive officers met in New York today, seeking to overcome opposition to their plan for building the world’s biggest exchange operator.
Tue, 10 Jan 2012 20:22:34 -0800
Aerosol-based Duct Sealing Application Used To Improve Poor Ventilation Issues / Reduce Operating Costs For High-Rises, Public Buildings & Commercial PropertiesCenterville, OH (PRWEB) February 02, 2012 A duct sealing technology developed at Lawrence Berkeley National Laboratory is the first viable solution to chronic ventilation problems plaguing hundreds of thousands of commercial buildings ...
Thu, 02 Feb 2012 00:07:45 -0800
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