Proposed Financial Model for LLCs in the United States: A Tool for Latino Entrepreneurs in Contexts of Formalization and Tax Compliance

This article proposes a financial model designed to strengthen accounting management and tax compliance of Limited Liability Companies (LLCs) run by Latino entrepreneurs in the United States. An empirical assessment using a mixed-method approach identified significant weaknesses in financial planning, tax management, and knowledge of IRS regulations among this business segment. In response, a model was designed that integrates accounting tools, tax strategies, financial education principles, and accessible technologies, adapted to the sociocultural reality of immigrant entrepreneurs. The results indicate that the model facilitates accounting formalization, improves tax understanding, and strengthens the financial sustainability of LLCs. It is concluded that this tool represents an effective alternative for reducing informality, promoting financial inclusion, and facilitating business development in Latin communities. Its implementation is recommended through institutional partnerships, bilingual digital platforms, and training programs for entrepreneurs and tax advisors.

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Publication Details

Journal
International Journal of Multidisciplinary Research and Growth Evaluation
Published
2025-01-01
DOI
https://doi.org/10.54660/.ijmrge.2025.6.4.818-822
Primary Topic
Taxation and Compliance Studies
Type
article
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article

Proposed Financial Model for LLCs in the United States: A Tool for Latino Entrepreneurs in Contexts of Formalization and Tax Compliance

Irma Pérez de Mezzogori
2 links
International Journal of Multidisciplinary Research and Growth Evaluation
Taxation and Compliance Studies
article

Proposed Financial Model for LLCs in the United States: A Tool for Latino Entrepreneurs in Contexts of Formalization and Tax Compliance

Irma Pérez de Mezzogori
article en

Abstract

This article proposes a financial model designed to strengthen accounting management and tax compliance of Limited Liability Companies (LLCs) run by Latino entrepreneurs in the United States. An empirical assessment using a mixed-method approach identified significant weaknesses in financial planning, tax management, and knowledge of IRS regulations among this business segment. In response, a model was designed that integrates accounting tools, tax strategies, financial education principles, and accessible technologies, adapted to the sociocultural reality of immigrant entrepreneurs. The results indicate that the model facilitates accounting formalization, improves tax understanding, and strengthens the financial sustainability of LLCs. It is concluded that this tool represents an effective alternative for reducing informality, promoting financial inclusion, and facilitating business development in Latin communities. Its implementation is recommended through institutional partnerships, bilingual digital platforms, and training programs for entrepreneurs and tax advisors.

International Journal of Multidisciplinary Research and Growth EvaluationVol. 6(4)
Centro de Estudios Monetarios y Financieros (ES)
Openalex Percentile: Top 73%
Taxation and Compliance Studies
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