LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

Many banks have elected to be “S Corporations” for tax purposes. This status can provide significant tax benefits to the bank’s shareholders, but it also comes with several ongoing technical ...

For many reasons, the limited liability company (LLC) established itself as the preferred legal entity type for small businesses. Many find that the benefits of an LLC can be extended further if an ...

Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

B Lab, the nonprofit behind the B Corp Certification, has overhauled its standards to enforce stricter rules and shore up credibility. The new framework, which B Lab described as a “complete ...