A limited liability company is a business entity that provides vital benefits of corporate ownership to company owners while avoiding the tax pitfalls of the corporate form. LLC business partnership ...

A limited liability company's partnership operating agreement is an internal document that governs the company. The operating agreement establishes the roles and responsibilities of the LLC's members ...

With this flexibility comes certain tax obligations. One of these is understanding when and why an LLC partnership might receive a 1099-NEC form. This form, reintroduced by the Internal Revenue ...

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 ...