Brian Titus Published on: 06/01/2025
LLC Tax Classification: What it means and why it matters Did you know that the way your LLC is taxed could save—or cost—your business thousands of dollars each year? As one of the most flexible business structures, a Limited Liability Company (LLC) offers several options for how it can be taxed. Understanding these options and making the right choice is crucial for optimizing your business’s tax strategy. In this guide, we’ll break down the essentials of LLC tax classification, explore how to choose the best option for your business, and explain the process of changing classifications when needed. Along the way, we’ll highlight how a CPA and diligent bookkeeping can simplify this seemingly complex subject
Bookkeeping