LLC Taxes

What is an annual return? The annual return is the return that an investment provides over a period of time, expressed as a time-weighted annual percentage. Sources of returns can include dividends, returns of capital and capital appreciation. Read more on www.investopedia.com A corporation must submit an annual return to the appropriate government body, like … Read more

Do you pay taxes on capital contributions? Capital contributions are also usually not taxable to the party who receives the capital contribution. The party who receives the contribution is usually a partnership, LLC, trust, etc. It may even be an informal joint venture arrangement that is considered as a partnership for tax purposes, as in … Read more

How do you pay yourself from an LLC? As an owner of a limited liability company, known as an LLC, you’ll generally pay yourself through an owner’s draw. This method of payment essentially transfers a portion of the business’s cash reserves to you for personal use. For multi-member LLCs, these draws are divided among the … Read more