Is an LLC worth it? Here's what you should know about LLC tax benefits before deciding if it's right for you.

An LLC may be disregarded as an entity for tax purposes, or it may be taxed as a partnership or a corporation. Even if an LLC has no income, it may still be legally required to file taxes.

Does an LLC Have to File New Taxes When a Partner Leaves?. Ownership changes can complicate the tax filings of the average small business. Limited liability companies with multiple owners, known ...

The best states to form an LLC in are Wyoming, Delaware and Nevada due to their flexible laws, minimal taxes and privacy benefits.

To file taxes for a sole proprietorship or LLC, complete IRS Form 1040, U.S. Individual Income Tax Return, Form 1040 Schedule C, "Profit or Loss From Business," and Form 1040 Schedule SE, "Self ...

After you register an LLC, however, you must tackle the issue of filing taxes for it. Unfortunately, there isn’t a simple guide to follow because an LLC can take many different forms.

This classification, often chosen when your LLC is first formed, will impact which tax forms you need to fill out. Here’s a rundown of how to file LLC business taxes for the first time.

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the previous year.