Nolo's Quick LLC: All You Need to Know About Limited Liability Companies (Quick & Legal)

Overview

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 generally not at risk. But is forming an LLC right for you?

Nolo's Quick LLC provides essential information for business owners in every state. In ...

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Overview

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 generally not 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:

  • the unique legal features of LLCs, including limited personal liability for owners
  • who should – and shouldn’t – form an LLC
  • how to choose among an LLC, corporation, partnership or other business form
  • choosing between a member-run or a manager-run LLC
  • how LLCs are taxed
  • how to manage multiple-owner LLCs
  • the ongoing legal and tax paperwork that’s required

Practical, concise and easy to read, this 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.

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Editorial Reviews

From the Publisher
"Mancuso provides advice on how and why to form an LLC and gives guidance on dealing with members capital and profits interest, taxation or profits management, paperwork, and soliciting legal and tax help." Reference & Research Book News
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Product Details

  • ISBN-13: 9781413321029
  • Publisher: NOLO
  • Publication date: 2/27/2015
  • Edition description: Eighth Edition
  • Edition number: 8
  • Pages: 224
  • Sales rank: 678,987
  • Product dimensions: 7.00 (w) x 9.00 (h) x 0.75 (d)

Meet the Author

Anthony Mancuso is a corporations and limited liability company expert. He graduated from Hastings College of Law in San Francisco, is a member of the California State Bar, and studied advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) companies. He is the author of several Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. His titles include Incorporate Your Business, How to Form a Nonprofit Corporation (national and California editions), Form Your Own Limited Liability Company, The Corporate Records Handbook, and LLC or Corporation? His books have shown over a quarter of a million businesses and organizations how to form a corporation or LLC.

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Table of Contents

Introduction

1. An Overview of LLCs

2. The LLC vs. Other Business Structures

3. Members'Capital and Profits Interests

4. Taxation of LLC Profits

5. LLC Management

6. Starting and Running Your LLC: The Paperwork

7. Getting Legal and Tax Help for Your LLC

Appendixes

A State Information

B Sample Operating Agreement

C Checklist for Forming An LLC

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