Lisa and the Law

Why do some businesses file tax returns and others don’t? How can I minimize my tax liability?

LLCs can elect how they want to be taxed. Electing a method of taxation is simple and it may be changed as your business grows. HOWEVER, choosing the right type of taxation can be daunting and knowing the additional IRS requirements you must follow is essential. I once had a client have to pay a silent partner $24,000 at the end of the year to maintain his LLC’s S-corp election. No joke. Come to our FREE seminar on 11/13/25 (this THURSDAY at noon) for a detailed discussion of the pros and cons of the available methods of taxation for businesses with Chad Denson, EA (of David Oase, CPA, P.C.). We will also be discussing other tax issues critical to business owners. Click HERE to register.