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Form 2553: How to Receive the Tax Benefits of an S-Corp While Remaining an SMLLC (Single Member Limited Liability Company)

Form 2553: How to Receive the Tax Benefits of an S-Corp While Remaining an SMLLC (Single Member Limited Liability Company)

Business Formation

As an SMLLC (single-member limited liability company), taxes can be burdensome if one is paying taxes on all the profits that they receive from their company. However, IRS form 2553 can be filed, which would allow the SMLLC to reap the tax benefits of an S-Corp. In this instance, assume that the company is owned

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Forming a Non-Profit Organization in Bloomington

Business Formation

If you are not primarily concerned with making money, forming a non-profit organization in Bloomington may be the best direction to take. A non-profit corporation could help you avoid tax issues and still see your objectives met on behalf of the public. When forming a business of any sort, working with an attorney from the

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