Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

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 ...

If you are an LLC owner, it's important to understand the tax filing requirements for your business. Failing to file your taxes correctly can lead to penalties and interest charges from the IRS. In ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

In many states, limited-liability companies are required by law to file annual reports with the state authorities, according to legal website NOLO. This is not the same type of annual report that ...

Forming a limited liability company (LLC) can reduce your personal liability and offer a number of benefits and protections. However, every state has different LLC formation requirements. In this ...