One of the first tasks a new business owner must address involves the question — What type of entity should I choose to operate my business? “A common tax consideration is a desire to avoid double tax ...

Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. Failure to understand the subtle differences in different sorts of tax ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. So you are now ready to start your own business, but which business structure is best for ...

Painting companies often start out as one-person operations, with an individual hiring out for a specific job. As a business grows, however, there is usually a need for a more formal organization, ...

Limited liability companies have become a popular entity for owning and operating a business. A multi-member LLC can elect to be taxed as a partnership, C corporation or an S corporation. It is common ...

A limited liability company, or LLC, and an S corporation are both tax "pass-through" entities, meaning that their profits are not taxed at the business level but are passed through to shareholders, ...