Limited Liability Company, which combines the limited personal liability feature of a corporation with the single taxation feature of a partnership or sole-proprietorship firm. Its profits and tax benefits are split any way the stockholders/ shareholders (whether individuals or other firms) choose. Tax return for a LLC is filed with the taxation authorities only for the purpose of information, and each shareholder files own tax return separately.
Recent Articles and Podcasts
- Knock, Knock. Who’s There? Government Agents and Auditors
- Behind the Endorsement or Referral: The Rest of the Story
- What Game Is Your Business Playing?
- What Treasure Island Can Teach Us About Business
- Leadership Development Lessons from Counselor Troi’s Promotion Test on Star Trek: The Next Generation
- The Curse of Oak Island Leadership Lessons
- When Popularity Outweighs Competence: The Real Cost of Biased Promotions
- While Machines Learn, Humans Forget to Think
- Queen Bee Leadership Lessons from the Beehive
- The Hidden Dangers of Voice-Enabled Devices (VED) in Your Business