Figuring out how to pay yourself when you've organized a limited liability company can be confusing. The way you take profits out of an LLC depends on the tax election the company made with the IRS.

Robert F. Alexander was sentenced by the U.S. District Court for the District of Arizona in 2006 to a 96-month sentence for running what is known as a high-yield interest program, a form of Ponzi ...

There are not many published California Court of Appeal opinions providing guidance for LLC managers and members. That’s why it’s an “LLC Jungle” out there. While unpublished opinions are not binding ...

The California Revised Uniform Limited Liability Company Act defines a "distribution" as a transfer of money or other property from a "limited liability company" (Cal. Corp. Code § 17701.02(k)) to ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...

An LLC and partnership have a lot of similarities in terms of structure, but there is one key difference. Both LLCs and partnerships are defined by the law of the state in which they are organized.