International Journal of Multidisciplinary Research and Growth Evaluation  |  ISSN (Online): 2582-7138  |  Double-Blind Peer Review  |  Open Access  |  CC BY 4.0

Current Issues
     2026:7/3

International Journal of Multidisciplinary Research and Growth Evaluation

ISSN (Online): 2582-7138 | Open Access

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

Full Text (PDF)

Open Access - Free to Download

Download Full Article (PDF)

Alternative download link

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.

How to Cite This Article

Irma Pérez de Mezzogori (2025). Proposed Financial Model for LLCs in the United States: A Tool for Latino Entrepreneurs in Contexts of Formalization and Tax Compliance . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 6(4), 818-822. DOI: https://doi.org/10.54660/IJMRGE.2025.6.4.818-822

Export Citation:

BibTeX RIS EndNote

References

  1. 1. American Psychological Association. Publicationmanualofthe American Psychological Association.7thed. Washington, DC: American Psychological Association;2020.
  2. 2. Chen Y, Fajardo M. Inclusivefinancialmodelingforimmigrant-ownedbusinesses: Asystemicapproach. Journalof Financial Inclusion Studies.2023;8(1\:45-62.
  3. 3. Creswell JW, Creswell JD. Researchdesign: Qualitative, quantitative, andmixedmethodsapproaches.5thed. Thousand Oaks, CA: SAGEPublications;2018.
  4. 4. Fairlie RW. Theimpactof COVID-19onsmallbusinessowners: Evidencefromthefirstthreemonthsafterwidespreadsocialdistancingrestrictions. Journalof Economics&Management Strategy.2020;29(4\:727-740. doi:10.1111/jems.12326.
  5. 5. Gonz?lez L, Pineda J. Latinoentrepreneurshipandfinancialgapsinthe US: Barriersandbridges. Journalof Minority Business Development.2022;6(3\:77-90.
  6. 6. Hern?ndez R, Fern?ndez C, Baptista P. Researchmethodology.6thed. New York, NY: Mc Graw-Hill;2014.
  7. 7. Internal Revenue Service. Limited Liability Companyhttps://www. irs. gov/businesses/small-businesses-self-employed/limited-liability-company-llc.
  8. 8. Kolluri BR, Singamsetti RN, Wahab M. Barrierstoentrepreneurshipamongimmigrantsinthe US: Policyandfinancialconsiderations. Journalof Entrepreneurshipand Public Policy.2023;12(1\:34-52. doi:10.1108/JEPP-08-2022-0055.
  9. 9. Lemus A, Carrillo P. Fiscalinformalityandimmigrationstatus: Thesilentwallfor Latinoentrepreneurs. Economyand Migration Journal.2024;10(1\:112-130.
  10. 10. Linstone HA, Turoff M. The Delphimethod: Techniquesandapplications. Reading, MA: Addison-Wesley;2002.
  11. 11. Mancuso A. Thecompleteguideto LLCs. Berkeley, CA: Nolo Press;2023.
  12. 12. Malhotra NK. Marketingresearch: Anappliedorientation.7thed. Upper Saddle River, NJ: Pearson;2020.
  13. 13. Mendoza A, Torres K. Useofaccountingtechnologiesinsmall Latin Americanbusinesses. Latin American Journalof Financial Management.2021;5(2\:92-108.
  14. 14. Organisationfor Economic Co-operationand Development. Financing SMEsand Entrepreneurs2023: An OECDScoreboard. Paris: OECDPublishing;2023. doi:10.1787/4b10e7c0-en.
  15. 15. Ram?rez D, etal. Financialeducationformigrants: challengesandproposals. Journalof Cross-Cultural Accounting.2022;9(2\:65-79.
  16. 16. Ram?rez S, Gonz?lez M. Taxandaccountingobstaclesin Latinomicroenterprisesin Texas. Journalof Migrant Business Studies.2023;7(4\:101-118.
  17. 17. SBAOfficeof Advocacy. Small Business Taxation: Small Business Administration;2022[cited2025 Aughttps://advocacy. sba. gov/wp-content/uploads/2022/06/Small-Business-Taxation-2022. pdf.
  18. 18. USSmall Business Administration. Choosingabusiness Availablefrom: https://www. sba. gov/business-guide/launch-your-business/choose-business-structure.
  19. 19. Vargas J, Montoya F. Accounting Overviewof Latin American LLCsinthe U. S.: Realitiesand Challenges. Accounting&Immigration Studies Review.2023;4(1\:55-73.
  20. 20. Weygandt JJ, Kimmel PD, Kieso DE. Financialaccounting.11thed. Hoboken, NJ: Wiley;2024.

Share This Article: