LLC or Corporation?: How to Choose the Right Form for Your Business
Decide whether to form an LLC or a corporation -- the most important business decision you'll make.
Your company has grown -- now it's time to upgrade your legal structure to something that will protect you and your assets, as well as provide other benefits. In other words, your business is ready to become either a corporation or a limited liability company.
The question is, "Which one?" The answer isn't always clear -- but because your choice will affect the legal and tax status of your business, it's the most important question you'll need to answer.
LLC or Corporation? will help you make the right choice with plain-English explanations of:
Making the right choice will affect your bottom line in many ways -- from what you pay in taxes to your ability to seek money from investors. The book also provides conversion and formation scenarios that provide a real-world look at all the options available to you.
The 4th edition has been thoroughly and usefully updated with the latest resources for business owners, an expanded discussion on choosing the right form for your business and completely updated information regarding the tax status of small business entities.
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2 Personal Liability Concerns
3 Forming and Running Your Business
Taxes Profits Losses and Investments
5 Doing Business Out of State
6 Converting a Sole Proprietorship to Another Entity
7 Converting a Partnership to Another Entity
8 Converting an LLC to Another Entity
allocated assets Book w/CD-ROM business debts business entity business owners California capital co-owned llC company’s contract Converting a Partnership Converting a Sole Converting an LLC corporate income tax corporate tax treatment corporation or llC corporation’s court deductions dissolution dissolve dividend dividend tax earnings employees employer identification example federal fees file articles form an llC Income Tax Consequences income tax rates income tax returns incorporation individual income tax interest Internal revenue Code Internet investment investors lawsuit Limited Liability Company limited partners limited partnership llC members LLC operating agreement llC or corporation llC owners LLC’s long-arm statute minimum contacts Nolo Nolo’s paid paperwork partnership agreement pay taxes payout personal jurisdiction personal liability qualify Ralph Warner rllp salary sales tax Securities Laws Procedures selling series LLC shareholders shares Small Business sole proprietor sole proprietorship state’s tax adviser Tax Filing Procedures tax purposes tax status tax-free taxable transaction voting