LLC taxation

What is an LLC? Business Guide for Small Owners - Pros, Cons & Setup Steps

Learn what an LLC is, how it protects personal assets, tax benefits vs drawbacks, and step-by-step setup. Essential guide for small business owners considering LLC formation with costs, comparisons, and real-life examples.

Do LLCs Get 1099 Forms? Tax Classification Rules & Compliance Guide (2025)

Complete guide to 1099 forms for LLCs. Learn when single-member, partnership, S-corp & C-corp LLCs must receive 1099-NEC forms, $600 threshold rules, IRS penalties, and compliance strategies.