Blakinger Thomas

LLCs are in the unique position of being able to choose if they will be taxed as a corporation or as a pass-through entity.

4 Important LLC Tax Benefits In 2022 Many entrepreneurs opt to structure their small business as a limited liability company, or LLC. An LLC protects owners’ personal assets from lawsuits and some creditors. It also provides an easy-to-use business structure. In addition to these benefits, LLCs also offer numerous tax benefits. In th...

A bankruptcy will impact your credit score until it is removed from your credit reports. However, as time passes, its impact on your credit score will lessen. And there are steps you can take to get a head start on repairing your credit score after bankruptcy.

How Long Does A Bankruptcy Stay On Your Credit Report? When you file for Chapter 7 or Chapter 13 bankruptcy—two of the most common individual bankruptcies—it can remain on your credit reports for up to ten years. After a bankruptcy is listed on your reports, it causes serious damage to your credit score until it’s removed. This means you will like...