Partnerships are one of the most common ways for two or more people to run a business together. They can be simple to form and offer flexibility, but they also come with important responsibilities. From agreements and taxes to contributions, self-employment rules, and how partnerships can change over time, here are seven key points every business owner should understand before starting or joining a partnership.
If you’re a business owner with an LLC (Limited Liability Company), understanding the various tax deductions available to you is essential. At Rakoty Accountants, based in New Jersey, we specialize in helping LLC owners like you minimize their tax liabilities while maximizing deductions. In this guide, we’ll cover the most common expenses you can claim […]