Nolo's Quick LLC (Google eBook)
Get LLC answers and learn the basics of limited liability companies
If you run your own business, you've probably heard about limited liability companies. Business owners who operate LLCs aren't personally liable for business debts, so their personal assets are never at risk. But is forming an LLC right for you?
Nolo's Quick LLC provides essential information for business owners in every state. In plain English, it explains the advantages and drawbacks of forming an LLC - including limiting your personal liability. Find out about:
. who should - and shouldn't - form an LLC
. how to operate an LLC without hassle
. choosing between a member-run or a manager-run LLC
. LLCs compared to corporations, partnerships and sole proprietorships
. how to keep your tax status simple at the start
. how to elect corporate tax treatment when (and if) you're ready
. the ongoing legal and tax paperwork that's required
Practical, concise and easy to read, the 6th edition of Nolo's Quick LLC provides the latest facts, figures and updated tax information you'll need to know about this structure for your small business.
What people are saying - Write a review
LibraryThing ReviewUser Review - LibraryThing
This book is a GREAT introduction to understanding the issues surrounding Limited Liability Companies (LLCs), and whether, or not, you should set one up yourself. My wife and two sisters just inherited a house and rather than sell, are deciding to rent it out. An estate lawyer said "you should probably set up as an LLC" to which we all said ... "huh?" Well this book thoroughly answered our "huh?" The author quickly and explicitly states that this work is NOT meant to be used to set up an LLC. What it does do is bring great clarity to those of us at ground zero in understanding and decision making about proceeding to set up an LLC. As a bonus to explaining the ins and outs of LLC's, chapter 2 (The LLC vs. Other Business Structures) is a veritable introductory text on corporate structures, such as sole proprietorships, general partnerships, S corporations, and RLLP's (I'd never even heard of an RLLP which means "Registered Limited Liability Partnership"). Appendix B consists of a sample operating agreement, the sort of thing I find brings some real world clarity to these kinds of business issues. Appendix C gives a basic "Checklist for forming a basic LLC" which serves to clarify issues as well. This work is excellent at pointing readers to more appropriate, in-depth resources. Two such are the author's other NOLO works, Form Your Own Limited Liability Company and Your Limited Liability Company: An Operating Manual. I confess to not having seen either of these works, but intend to seek them out based on this book. Disclaimer: The author of this review received a free review copy of this book via the Amazon Vine program.
Review: Nolo's Quick LLC: All You Need to Know about Limited Liability CompaniesUser Review - Glenn - Goodreads
I learned a few things I didn't know in this great overview of the Limited Liability Company (LLC). There's a big push throughout for Nolo's other books that tend to interlock and overlap on the general subject. Read full review