Your personal liability protection depends on keeping business and personal finances separate. Opening a dedicated business ...

Limited liability companies are theoretically supposed to cut off liability for the company's debts so the owners aren't personally liable. However, for a variety of reasons, that might not always ...

The Limited Liability Company (LLC), a hybrid of the partnership and the corporation, has become a popular legal alternative for business owners. Now available in almost all states, the LLC combines ...

Discover the differences between limited, general, and joint venture partnerships and learn how each impacts liability, taxes, and management control in business.

The use of the limited liability company (LLC) has mushroomed in popularity over the past two decades. IRS statistics show a 66% increase in domestic LLCs between 2005 and 2014, and in 2004 LLCs were ...

Before a small business opens its doors, many business owners face an important decision: Will they structure their business as a limited liability corporation (LLC) or a limited liability partnership ...

Chauncey grew up on a farm in rural northern California. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience ...

Ambiguity in the tax law often provides opportunities for taxpayers. For nearly three decades, how earnings of a limited liability company (LLC) are reported for self-employment tax purposes has been ...

LLC loans are essentially the same as any other small-business loans, except they're specifically financing your LLC. Many, or all, of the products featured on this page are from our advertising ...

Rachel Williams has been an editor for nearly two decades. She has spent the last five years working on small business content to help entrepreneurs start and grow their businesses. She’s well-versed ...

A limited liability company, often referred to as an LLC, has many advantages. Because an LLC represents characteristics of a corporation and a partnership combined, it takes on the best of both of ...