An LLC is a business structure that combines the tax and liability protection of a corporation with the flexibility and simplicity of a partnership or sole proprietorship. Unlike corporations, LLCs aren’t subject to double taxation. This means you only pay income tax on profits from your business and not on any capital gains made when […]
Can a Restaurant be an LLC: Everything You Need to Know
When you’re starting a new restaurant business, it’s essential to know what your options are. For example, some business owners operate as sole proprietorships, and others choose to incorporate. But what about LLCs? Can restaurants be LLCs? If you’re considering opening a restaurant, you might consider going the LLC route. You’ll want to read on […]
Restaurant Tax Guide
As a restaurant owner, you need to look at tax from two angles. One where you need to pay state and federal taxes on businesses’ net income and any wages you pay yourself. The other perspective is where you need to charge your customers a sales tax and remit it to the local or state […]
How Does a Restaurant Owner Pay Themselves Through an LLC
Are you a restaurant owner trying to figure out how to pay yourself? Search no further, this post covers all the different ways restaurant owners can pay themselves! As you think about launching your first restaurant, bar, or café venture, you have likely done some research or consulted professionals (legal and tax) who have advised […]
