Taxes

Choosing a business structure is one of the first major decisions entrepreneurs and investors face. It’s choice that can have lasting implications for taxes, liability protection and day-to-day operations. Two common options are the limited liability company (LLC) and the limited liability partnership (LLP). While these business structures offer some…

If you are thinking about starting a business with partners or investing in a partnership opportunity, choosing between a limited partnership (LP) and a limited liability partnership (LLP) may affect how your income is structured for tax purposes and how much personal liability protection you actually have. In an LP,…

Ken Kies, the Treasury Department’s top tax policy official who has also been serving as acting chief counsel of the IRS, is expected to leave the federal government, according to multiple published reports, now confirmed by Forbes. His departure would open another significant hole in IRS leadership. Neither of the…