What You Need to Know About Starting an LLC?
How Do LLC Owners Make Money? An LLC protects owners from personal liability for company debts. LLCs don’t pay taxes directly; profits/losses are reported on owners’ tax returns. LLCs must file tax returns unless no income/expenses. Advantages and Disadvantages of LLCs LLC advantages: liability protection, tax flexibility. Disadvantages: complex taxes, paperwork. Steps to Make Money … Read more