A limited liability company (LLC) is a business that offers management flexibility, pass-through taxation and, in most cases, personal asset protection during bankruptcy or lawsuits. Often, your home ...

Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. David Kindness is a Certified Public Accountant (CPA) and an expert ...

Ownership changes can complicate the final partnership tax return of the average small business. Limited liability companies (LLCs) with multiple owners, known as members, can choose corporate or ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

Choosing between a sole proprietorship and a limited liability company is a critical and unique choice for business owners: Each structure has its upsides and its downsides, and no new business owner ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. You’ve incorporated your venture as an LLC (limited ...

According to the American Bankruptcy Institute, 47,806 businesses filed for bankruptcy protection in 2011. Bankruptcy may be the only option for a struggling business if its credit is exhausted and ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. You might have heard it from a friend, or maybe you saw it ...