One of the first tasks a new business owner must address involves the question — What type of entity should I choose to operate my business? “A common tax consideration is a desire to avoid double tax ...

Unable to answer this decades-old question posed by the characters of Sesame Street – mind you, it was not for want of trying – I decided to focus instead on another issue, one that came from a client ...

Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. Failure to understand the subtle differences in different sorts of tax ...

Painting companies often start out as one-person operations, with an individual hiring out for a specific job. As a business grows, however, there is usually a need for a more formal organization, ...

A limited liability company, or LLC, and an S corporation are both tax "pass-through" entities, meaning that their profits are not taxed at the business level but are passed through to shareholders, ...

Limited liability companies have become a popular entity for owning and operating a business. A multi-member LLC can elect to be taxed as a partnership, C corporation or an S corporation. It is common ...