Do LLCs File Separate Tax Returns?

Do LLC file separate tax returns? Except in the case of a single-member LLC, an LLC must file separate federal and state tax returns as a C corporation, an S corporation or a partnership. A federal election of which type of tax return to file, Form 8832, is generally accepted by the states. Read more … Read more

Understanding the Process of Dissolving an LLC

What does it mean to dissolve an LLC? By dissolving an LLC properly, it means that the LLC is no longer a legal business entity so you won’t be expected to pay any fees or taxes, or file any more documents. Despite no longer operating, it is possible for members to create a new LLC … Read more

What Tree Drinks the Most Water?

What tree drinks the most water? Trees that absorb a lot of water Red maple (zones 3-9) Weeping willow (zones 6-8) Ash (zones 3-9) Oriental arborvitae (zones 6-11) Black gum (zones 4-9) White cedar (zones 4-8) River birch (zones 3-9) Bald cypress (zones 5-9) Read more on blog.davey.com Life on earth depends on trees. They … Read more

How to Convert from Single-Member to Multi-Member LLC

How do I change from single-member to multi member LLC? The only things that are officially required for a multiple-member LLC to become a single-member LLC are the sale of the membership interest of the leaving member(s) to the remaining member and the filing of a new tax election form. Read more on info.legalzoom.com You … Read more

The Sweet Facts About Ice Cream

What is a fact about ice cream? Ice cream recipe came to North America 250 years after it was discovered by Christopher Columbus. The most popular flavor of ice cream is vanilla. After it come chocolates, strawberry, cookies n’ cream, and others. Ice cream cones were invented during 1904 World’s Fair in St. Read more … Read more

What Tax Return Does a Nonprofit File?

Despite being exempt from paying federal income tax, nonprofit organizations are nonetheless required to file tax returns with the IRS. Form 990 is the name of the tax return that nonprofit organizations submit. The IRS will get information from this form about the organization’s operations, finances, and governance. It is also used to check that … Read more

What Does a CAO Do in a Hospital?

What does a CAO do in a hospital? CAOs manage daily operations and do things like: Create the hospital’s administrative policies. Assist with strategic planning. Develop success metrics for different departments. Read more on www.noodle.com The Chief Accounting Officer (CAO) is a crucial part of the management team in a hospital. Their main duty is … Read more