Archive for the ‘ LLCs ’ Category

LLC or Corp? S, C, Disregarded, Partnership? A Quick Guide to Entity Tax Structures

Posted on: July 27, 2016 by in LLCs
No Comments

So I get a lot of questions about whether someone should open an LLC or a corporation. What are the differences, which is better for me, etc etc. In this post I'm going to give you a quick run-down of the differences between LLCs and corporations and the different tax structures that can apply to each. Corporations Corporations are the gold-standard when it comes to entity formation. They have been around for centuries and the case law from that long history is very reliable. This means Continue Reading ...

How Do I File My LLC Taxes?

Posted on: December 23, 2015 by in LLCs
No Comments

I got this question from a client that we get frequently: Tax question when you get a sec... my friend created an LLC for his "production" company.. him and his wife are "actors" when they were getting an EIN it' asked if they wanted to be considered a single member llc since they are married, or a two member llc something about a disregarded entitie if they chose 1 member...any idea about the tax advantages of one vs the other? If they choose to be a single-member LLC that is being Continue Reading ...