Certain limited partners in venture capital and private equity will likely see an increase in their tax liability due to a recent U.S. Tax Court decision. Generally, partners in a partnership and ...

Question: Two friends and I are planning to open up a new business and are researching whether or not forming a Limited Liability Company is our best option. We would greatly appreciate it if you ...

How does a limited liability company get taxed by the IRS? What nuances and options exist? Many entrepreneurs wonder about considerations like these when deciding on a business structure for their ...

The Tax Court recently ruled that a limited partner’s share of business income may be earnings from self-employment. 1 Earnings from self-employment are subject to the self-employment tax. Earnings ...

A limited liability company (LLC) is a statutory business entity that may be formed by at least two members (although one-member LLCs are permitted in some states) by drafting articles of organization ...

The federal income tax laws recognize a partnership as an entity having its own taxable year (within limits) and having its own income and losses. It computes its income much as an individual does.

The IRS wants to argue that the more involved a limited partners is in the day-to-day operations of a business, the more likely they should be subject to self-employment tax. What is a limited partner ...

LLP stands for limited liability partnership. As the name suggests, an LLP provides its members with a degree of liability protection, shielding them and their personal assets. "A partner of a ...

Getting the choice of entity right at the start is crucial, since switching later can have tax and other consequences. Getting the choice of entity right at the start is crucial, since switching later ...

Question: My friend and I are starting a new business soon and are researching whether or not forming a Limited Liability Company is our best option. We would greatly appreciate it if you could ...