by cdaaccounting | Jun 6, 2022 | Business
Yes. Idaho state allows the Coeur d’Alene LLC to have a perpetual existence that can outlive its original owners/members. However, this may not be true with other states. For Tax Resolution or Tax Preparation services in Coeur d’Alene Idaho click here....
by cdaaccounting | Jun 6, 2022 | Business
If you’re a Coeur d’Alene LLC taxed as a partnership or sole proprietor, your fringe benefits are generally considered guaranteed payments or other compensation for income and self-employment tax purposes. Naturally, there are exceptions to the general rules....
by cdaaccounting | Jun 6, 2022 | Business
Yes. A Coeur d’Alene LLC is a pass-through and unable to differentiate between a wage and other payout methods. Therefore, you will pay self-employment taxes on your share of the profits regardless of how you withdraw the funds. Coeur d’Alene S or...
by cdaaccounting | Jun 5, 2022 | Business
No. Due to the Coeur d’Alene LLC’s lack of legal formalities, this business entity is not required to have annual meetings or record minutes and resolutions. However, it is in these documented meetings, minutes and resolutions that the limited liability and...
by cdaaccounting | Jun 5, 2022 | Business
Yes. If you are a Coeur d’Alene LLC with one owner, then you will be taxed as a sole proprietor unless otherwise elected. In Idaho you and your marital partner can still opt to be taxed as a sole proprietor even though there are two members. For Tax Resolution...
Recent Comments