It can be the case that companies are operating under an inferior business classification — an issue that’s more common than many would think. “They might have chosen a classification as a startup ...

Here's how to complete Form 8832 so you can tell the IRS how to classify your business for tax purposes. Many, or all, of the products featured on this page are from our advertising partners who ...

For federal income tax purposes an LLC, or limited liability company, is considered a disregarded entity. In effect, the LLC does not exist under the Internal Revenue Code. Despite this fact, a ...

A Limited Liability Company (LLC) can have one of several classification types for the purpose of federal tax treatment. Some LLC classification types require the members of the LLC to elect its tax ...