What is the proper way to post life insurace premiums for the members of an LLC? (the LLC is the ownner of the policy and the beneficiary.)Is it simply a non deductible business expense?

Ex. Smith&Son LLC

My partner and I are 50/50 owners of an LLC. We are both managing members. 50% of our ownership was used as collateral for loans from an investor. The investor is also a managing member but did not have an ownership interest in the LLC until we defaulted on the loans. The investor now has 50%...

My husband and I own a property along with two other members that don't want to sell the commercial property because they think the market is going to come back and they can make 200,000. We have a buyer that will give us 800,000 for it now. We want to sell, they won't agree to sale so we want to...

Hello, My wife is winding down to her last semester in college and has already gotten really busy with freelance work. In the midst of all this work is contracts, deadlines, and money. On the side we have been doing photography work for a little over a year now, but will no doubt get a lot...