Membership interests or certificates represent ownership in an LLC. It is similar to “stock” held in the corporation. Of course, there isn’t any stock in an LLC, but rather membership interests. I mention stock because the membership interests need to be treated just like stock would be
Member Managed vs. Manager Managed LLCs. Which to choose? When forming an LLC, the question of member managed vs. manager managed often comes up. Recently my son went on his state website to start his own LLC. He down loaded the document and began answering the questions
The Child Tax Credit Reduction attacks families in the pocketbook where it hurt most, but there are still other tax reductions that can help. The Child Tax Credit is an important tax credit for families. For the last three years, it has been worth as much as
LLC Tax Election-What is it? The LLC tax election tells the IRS how to tax your Limited Liability Company (LLC.) After the LLC was developed in the 1970’s, Congress did not define how it should be taxed. As a result, the Federal Government does not recognize the
