A Limited Liability Company (LLC) is one of the most popular ways to legally structure your small business ... certain tax advantages. You can personally fill out the paperwork to form your ...

Marni Rose McFall is a Newsweek reporter based in London, U.K. Her focus is on internet trends, U.S. politics and popular culture. She has covered fashion, culture, art and music extensively.

And the entity type you select impacts how the IRS will treat your business’s income taxes. After weighing the options, many ...

Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.

Registering a limited liability company (LLC) is a popular method for starting a business, with many companies ... which is part of the Form 1065 tax return, in the form of guaranteed payments.

As a small business owner, you typically need to spend money to make money. The upside? You can deduct qualifying business expenses on your taxes to lower your overall tax liability. But how do ...