How LLCs are taxed, S-Corp election, deductions, and quarterly payments
One of the most misunderstood aspects of LLCs is taxation. The confusion is understandable: an LLC’s tax treatment is flexible and depends on how many members it has and whether you’ve made any tax elections. What most people don’t realize is that the IRS doesn’t actually have a separate “LLC tax category” — instead, the…
One of the most common questions from aspiring business owners is whether they need to hire a lawyer to form an LLC. The honest answer is — it depends. For many simple single-member LLCs, DIY formation is completely reasonable. For more complex situations, legal guidance is worth the investment. This guide helps you figure out…
LLC taxation confuses many new business owners because LLCs are not taxed at the entity level by default — instead, income passes through to the owners who pay tax on their personal returns. This guide explains exactly how LLCs are taxed, the S-Corp election strategy, quarterly estimated taxes, and the most important deductions for LLC…