Perhaps you operate your small business as a sole proprietorship and want to form an LLC to protect your assets. Here are the basics of operating as an LLC.
The Basics of Operating as an LLC
Tag: LLC member
When are LLC Members Subject to Self-Employment Tax?
LLC members commonly claim that their distributive shares of LLC income aren’t subject to self-employment tax. But the IRS has been cracking down on LLC members it claims have underreported SE income.