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How LLC Taxes Work: Complete 2025 Guide for Business Owners
Starting and running a Limited Liability Company or LLC is exciting, but many new business owners feel confused when it comes to taxes. Understanding how LLC taxes work is essential to avoid mistakes, save money, and stay compliant with the Internal Revenue Service. In this guide, we will explain everything you need to know about…
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How to Get an EIN for LLC Without ITIN or SSN (2025)
Starting an LLC in the United States is exciting — but many foreigners and non-residents get stuck when they reach one important step: getting an EIN (Employer Identification Number).If you don’t have a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN), don’t worry — you can still get an EIN for your…
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Do I Need Business Insurance if I Have an LLC? [2025 Guide]
Starting an LLC is a smart move to protect your personal assets and create a professional business structure. But many business owners ask: “Do I really need business insurance if I have an LLC?” The short answer: Yes, in most cases, insurance is crucial to protect your business from risks, lawsuits, and unexpected expenses. This…
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LLC vs Sole Proprietorship: Tax Benefits for Freelancers in 2025
Freelancers are rapidly becoming a major force in the U.S. economy. Whether you’re a graphic designer, consultant, writer, or developer, choosing the right business structure can directly impact your taxes, liability, and long-term financial growth. Two of the most common structures for freelancers are the Sole Proprietorship and the Limited Liability Company (LLC). At first…
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LLC vs Sole Proprietorship: Which Is Better for Taxes in 2025?
Choosing between an LLC and a Sole Proprietorship is one of the most important decisions for small business owners in 2025. While both structures are popular, they differ significantly in terms of taxes, liability protection, and flexibility. In this guide, we’ll break down the key tax differences between LLCs and Sole Proprietorships to help you…
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Are LLCs 1099 Reportable? Complete IRS Reporting Guide 2025
When it comes to U.S. tax compliance, one of the most confusing areas for business owners is understanding whether they need to issue Form 1099 to Limited Liability Companies (LLCs). The rules are not always straightforward, as the reporting requirements depend on the LLC’s tax classification, the type of payments made, and the nature of…
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Are LLCs 1099 Reportable? Ultimate Guide for 2025
If you run a business or hire independent contractors in the United States, understanding 1099 reporting requirements for LLCs is essential. Misreporting can lead to IRS penalties, fines, and unnecessary tax complications. In this guide, LycalFlow explains everything you need to know about are LLCs 1099 reportable, including exceptions, IRS rules, and how to properly…
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Are LLCs Tax Exempt in the USA? [2025 Guide]
Starting a Limited Liability Company (LLC) in the United States has become a popular choice for entrepreneurs, freelancers, and small business owners worldwide. One of the most common questions asked by new business owners is: Are LLCs tax exempt in the USA? The short answer is no, LLCs are not automatically tax exempt. However, LLCs…
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Can a Single-Member LLC Hire Independent Contractors?
When starting a business as a single member LLC, one of the most common questions new business owners ask is whether they can hire independent contractors instead of employees. The answer is yes—a single-member LLC can legally hire independent contractors to perform specific tasks or services. However, there are important legal, tax, and compliance considerations…