MoMo Productions / Getty Images A limited liability company (LLC) is a business structure that helps shield the personal assets of the business owner or owners in the event of a lawsuit ...

For many small business owners, the choice will be between a sole proprietorship and a limited liability company (LLC). Here is what you need to know about each one to decide which might be right ...

Regardless of whether a limited liability company (LLC) has a Sec. 754 election in effect, a partnership-level tax basis adjustment is required when an LLC interest is transferred (including a ...