Skip to main content
Please enter a legal issue and/or a location
Begin typing to search, use arrow keys to navigate, use enter to select

Tax Information for Business

Following is selected tax information for businesses. 
We make business formation EASY. Learn about our DIY business formation services here.

  • The IRS may recognize your business as one entity for tax purposes but your home state or a state that you are doing business in may not. As a result the protections that you think you have (e.g., personal liability protection) may not be in place in the event you are sued.

  • Some states require partnership registration fees that may go as high as $120,000.

  • Owners, members, officers, and partners who are protected against "personal liability" for the entity obligations may still be held personally liable for obligations that result from their failure to conform to tax rules and regulations.

  • Failure to comply with the tax laws in the states where you do business may subject your business to paying full taxes in your home state and additional taxes in the states where you do business.

  • There is a way for a business in economic trouble to avoid paying IRS penalties for delinquent taxes if the business can prove that it made the IRS its top priority by expending only absolutely necessary funds to complete work that would generate the income to make federal tax payments.

  • You may have to pay the entire tax debt or obligation of your business even though you have partners, fellow members, or other associates who were incompetent or dishonest and created the situation that caused the obligation.

An attorney is trained to alert you to these issues and thousands of other issues that can result in tax advantages for your business and peace of mind for you.


You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help

Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.

Or contact an attorney near you:

Next Steps

Contact a qualified business attorney to help you navigate your business's taxes.

Begin typing to search, use arrow keys to navigate, use enter to select

Set Up Your Business - in Minutes!

We have a DIY option you can use to save time and stress. We help you:

  • Determine the best business structure
  • File the right paperwork
  • Stay compliant with the law

Show me the DIY option


Prefer to work with a lawyer? Find one right now.

Copied to clipboard

Find a Lawyer

More Options