alert icon

New federal law: Most business entities must file a Beneficial Ownership Report to comply with the Corporate Transparency Act.

Order report

What are the benefits of pass-through taxation?

One of the main tax benefits of electing a pass-through business structure is avoiding double taxation. Business earnings are only taxed once, on the owner or shareholder's personal tax return.

Find out more about Business Taxes

Janet Berry-Johnson

by Janet Berry-Johnson

A freelance writer with a background in accounting and income tax planning and preparation for individuals and small ...

Read more...

Contents

Updated on: December 6, 2023 · 5min read


Twitter logoFacebook logoLinkedIn logoReddit logo
This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

You may also like

Trademarks

Why do I need to conduct a trademark search?

By knowing what other trademarks are out there, you will understand if there is room for the mark that you want to protect. It is better to find out early, so you can find a mark that will be easier to protect.

October 4, 2023 · 4min read

Starting Your LLC

How to get an LLC and start a limited liability company

Considering an LLC for your business? The application process isn't complicated, but to apply for an LLC, you'll have to do some homework first.

March 21, 2024 · 11min read

Power of Attorney

What is a power of attorney (POA)? A comprehensive guide

Setting up a power of attorney to make your decisions when you can't is a smart thing to do because you never know when you'll need help from someone you trust.

February 8, 2024 · 15min read