Author name: Ricky Taggart

Do I need an LLC in 2023 for my cryptocurrency business?

Cryptocurrencies, like Bitcoin, are volatile and can be challenging to understand. But it’s also an exciting new technology with the potential to revolutionize our global financial system.  Cryptocurrency businesses are popping up worldwide, including in countries where governments have banned cryptocurrencies.  The rise of cryptocurrency businesses means that we need LLCs just as much as ever

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Cryptocurrency and Tax Implications for Your Business

Cryptocurrency and Tax Implications for Your Business More and more American shopkeepers are starting to take Bitcoin, and other cryptocurrencies as payment as the global popularity of digital currencies continue to grow. Some people use it to cover their business costs. If your company has begun accepting Bitcoin or another cryptocurrency as payment or is considering

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Crypto LLCs: How Do They Work, and When Should You Use Them?

Crypto LLCs: How Do They Work, and When Should You Use Them? The majority of cryptocurrency traders and investors report their transactions on Form 1040; However, there may be circumstances in which a corporate structure would be advantageous. For instance, a mining pool might implement a corporate structure in order to deduct operating costs and articulate

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Investing Bitcoin in an LLC (2023 Guide)

Investing Bitcoin in an LLC Retail investors are searching for long-term solutions to safeguard their bitcoin investment as more governments, companies, and financial institutions look to acquire bitcoin. Limited Liability Companies (LLCs) are business entities with a relatively simple and adaptable structure that can shield their members and their assets from third-party claims.  Limited Liability

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Choosing an LLC vs. Corporation for Your Blockchain or Cryptocurrency Company (2023 Guide)

Choosing an LLC vs. Corporation for Your Blockchain or Cryptocurrency Company It’s normal for a business owner to question their judgment occasionally. Don’t be too hard on yourself, though;sometimes, the right choice isn’t obvious or simple. Perhaps this is even more relevant in the new field of cryptocurrency and other blockchain businesses.As a student, one

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