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.
|Edition description:||Seventh Edition|
|Product dimensions:||7.10(w) x 8.90(h) x 0.30(d)|
About 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, writes books and software in the fields of corporate and LLC law, and studies advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) companies, most recently working on a C++ open-source integrated circuit database project team. 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. He also is a licensed helicopter pilot and has performed for years as a guitarist in many musical idioms.
Most Helpful Customer Reviews
Nolo's book lives up to its billing as a quick review of the pros and cons of the LLC. It briefly reviews various alternatives, and then the remainder of the book examines the capabilities and limitations of the LLC -- profits, management, how to start/run an LLC, paperwork, losing its advantages, general tax and legal issues, and some forms samples. It examines a key advantage of the LLC's personal liability feature -- the "charging order". A useful tool for those contemplating alternatives to the sole proprietorship.