How To Profit by Forming Your Own Limited Liability Company

This is a "Must Read" choice for anyone thinking of starting or runnning a small business, as Limited Liability Companies (LLC's) have become the preferred choice for new and small companies. This guide takes the reader from total ignorance about LLC's to full understanding of the subject in an easy-to-read style that also doubles as a serious reference book.

LLC's enjoy favorable tax treatment which the author explains in a way that doesn't need your CPA to interpret. And unlike a stock corporation, especially S-corporations that can only have one class of stock, LLC's can allocate profits, losses, voting rights, and most other stockholder privileges almost any way the owners choose.

This guide explains how to start up an LLC, including sample forms, contacts at state agencies to file all the legal documents, and contains numerous examples of how to take full advantage of an LLC's flexibility and tax benefits.

I checked out about 10 books on the subject of creating an LLC from my local library and this is one of (if not the) best.

Get a copy of it. Very thorough. Especially with making sure you are able to be taxed as a partnership and not as a corporation.