There isn’t a “right” or “wrong” way to structure your business; it all depends on your organizational goals and what you hope to do. …
If you run a small business, your 2018 taxes were probably far higher than expected. The reason: The 2017 Tax Cut and Jobs Act significantly modified the tax code. These changes didn’t become evident until Americans filed their 2018 taxes. At their heart, the changes aimed to lower taxes for corporations. While this mostly means bigger companies, forming or modifying an LLC can help reduce your tax burden.…
79% of American businesses are non-employee businesses, with no staff other than the owner. This 79% generates billions of dollars collectively for our economy. If you are in this rather large segment of the economy and you are married (or might get married in the future), you would be well advised to consider how to protect your business in the event of your marriage going south. Everyone plans…