A limited liability company (LLC) with two or more members is defaultly treated as a Partnership for tax purposes.

Tax season for the 2021 tax year is right around the corner!

If you form a Limited Liability Company (LLC) which has elected to be taxed as a sub-chapter S or S-Corp or you form a corporation which has elected to be taxed as a sub-chapter S or S-Corp at the federal level, keep in mind the following as it relates to New York.

When starting a new business, small business owners need to consider the type of business entity to form.