Disregarded Entity LLC Who explains a disregarded entity LLC.
This site is named for the question owners ask most about a one-owner LLC. Steven Palmieri answers it, and then helps you with the books and the return.
Why the word brings people here
Owners often hear "disregarded" from a bank, a client or an IRS form and worry the company is gone. It isn't. The word only means the IRS taxes the LLC's profit on your return.
These pages come from Steven Palmieri. He works as a Tax CFO, and owners also know him as the Entrepreneur's CFO. The definition is free on every page here. When you want help with your own LLC, the booking calendar is how you reach him.
The pages here are the practice's own. If you want to see the wider practice, the only outbound link on this site points to stevenpalmieri.com.
What we do for a disregarded entity LLC
We keep your books each month and match them to your bank statements, so you always know your profit. We prepare the return that matches how your LLC is taxed. We plan your quarterly payments, and we tell you when an S corp election would be worth it.
We set payroll up before your first hire. From there, each payday goes out through the provider you chose, and the payroll lands in your books each month.
Some questions belong with other professionals, and we'll tell you which. Whether your LLC protects your personal assets is a question for a lawyer and your operating agreement. Audited or reviewed statements come from an outside accounting firm, and the disclosures page lists that limit.
How a first call goes
We meet on video for 30 minutes. First, we ask how the LLC is owned and how it filed last year. Then we look at whether that still fits how you earn and spend.
You'll leave knowing how your LLC is taxed today, which federal and state returns it should be filing, which number goes where, and whether an S corp election is worth a closer look. If something is late, you'll know what to file first.
If you'd like help after that, we'll tell you what the work would be and what it costs. A lot of one-owner LLCs hand us the monthly books, the payroll setup and the yearly return. Some only need the answer, and that's fine too.
Questions people ask before they book
Do I have to become a client to get the definition?
No. Every page here gives it to you. The call is for your own LLC: how it's taxed, what it should be filing, and whether that setup still fits.
Who is on the call?
Steven Palmieri. If you want help after the call, the same practice keeps your books in QuickBooks Online, sets up payroll with the provider you pick, and prepares the return.
Does the call cost anything?
No. It's a free call that lasts 30 minutes. If you want an election or a return prepared afterward, you get the price before that work starts.
Ask Steven a question
Tell us what you'd like help with: the definition for your case, the books, payroll, or your return.
You will be talking to the Steven Palmieri practice.