How to Use Limited Liability Companies & Limited Partnerships

by Garrett Sutton

Book Overview

How to Use Limited Liability Companies & Limited Partnerships offers key asset protection benefits to entrepreneurs and investors. This fourth edition of Garrett Sutton's bestselling book has been... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0971354901
• ISBN13: 9780971354906
• Release Date: October 2009
• Publisher: Success DNA, Inc.
• Length: 280 Pages
• Weight: 1.08 lbs.

Customer Reviews

The critical information missing in all the other LLC/LLP books

I've read more than a dozen LLC/LLP/Corp books and this is BY FAR the BEST book (in its class) on how and why to use these business structures. Most other books give poor advice and consist of second rate templates and forms. They also devote as much as half of the pages to printed forms and state by state details that would be best left to the CD and to visiting the state web site - I guess it makes the book look bigger. The author explains why you want to use the various entities, their advantages and disadvantages for both limited liability and tax treatment. He also includes Family Limited Partnerships for estate planning. This is a must read before you select the entity of choice and before you visit your attorney/CPA, etc. (No book is a substitute for a great attorney, but this one will help you minimize the bill.) He has some forms, which are actually fairly good. The two drawbacks are only a few forms and there is no CD, so you'd have to type them. However, you can pick about any of the many LLC books with a CD and use them as a starting point. (Nolo books aren't too bad) You'll probably end up re-writing a lot of what they provide, but this book gives you a good start on how to improve them. To form an LLC, I would read this book, then visit the web site for your state to find the detailed information on how to start one. States generally keep their sites up to date and have better information than the books anyway. (For example, forming an LLC in NY requires publishing and ad in two newspapers, something left out of almost all the books.) As a personal note, I always check the state laws and provide ONLY the information required by law and a clause for dispute resolution when forming an entity. (Privacy protection) This is usually far less information than many books and attorneys suggest. (except for the better ones, of course) :)

Knowledge is power!

This book is a must-read for anyone interested in starting a business as either an LLC or LP entity. It covers all the basics in layman's terms, and helps prepare the reader for any number of possible occurrences. After reading this book you may feel ready to form your business entity, or you may still wish to speak with an attorney. Either way you will be informed so that you know what questions to ask and how to move forward.

Excellent Book!

Using this book---and perhaps, a Nolo book or two---you can set up your own wealth protection plan, and assure that the lion's share of your assets will actually past to your intended beneficiaries---not to the government. Sutton writes at the perfect level for the intelligent layperson---not "for dummies", but also, not in unintelligible "legalese". Another nice touch: although he does mention the various services his firm provides, the usefulness of this book is not at all dependent on that. (Although, after reading this book, I think you will conclude that Sutton is a very knowledgable, and reasonable person, and that using his services may not be a bad idea at all.) In short, this book actually delivers what so many others only promise.

Great book for the layman

This book covers everything I wanted to know and more. It will be a constant reference book for me.

This Book Provided A Fort Of Protection!

There's no doubt that this book is going to help my company become very powerful with lots of protection. The kind of protection that would cost thousands from legal council.Wealth can take years to achieve but minutes to lose. Thanks to the author for sharing such incredible valuable informationthat will maximize corporate profits while limiting loses. I truly feel that I now have a true fort around my business.This book should be a required reading for any BUSINESS OWNERespecially if they want MAXIMUM ASSET PROTECTION-THUMBS UP!!DeWayne Johnson-MBA-Palm Springs,CA.