Limited Liability Companies For Dummies

By Jennifer Reuting

Book Overview

What is a limited liability company? How is an LLC different from a corporation? Should you form an LLC for your business? Limited Liability Companies For Dummies, answers all of your questions about LLCs and demystifies the formation and management of these increasingly popular business entities. This clear, concise guide explains the pros and cons of LLCs and shares insider insights on everything from choosing your members and your company name to creating and filing your Articles of Organization, to the day-to-day operation of your LLC. You'll also find valuable tips on creating your Operating Agreement, saving on taxes, and avoiding bankruptcy and fraud. You'll discover all the information you need to: Decide if an LLC is right for you Get the help you need to from your LLC Form your LLC in or out of your own state Lower LLC costs and fees Convert an existing company to an LLC Comply with state and local licensing issues Use your LLC to protect your assets File annual reports and research franchising fees Issue membership shares Dissolve or extend an LLC Control LLC assets and debt Keep your LLC intact Packed with winning strategies for streamlining your business, protecting your assets, and passing your estate on to your heirs, Limited Liability Companies For Dummies gives you the power and the knowledge to take full advantage all the benefits your LLC has to offer.

• Format: Paperback
• Language: English
• ISBN: 0470173289
• ISBN13: 9780470173282
• Release Date: November 2007
• Publisher: For Dummies
• Length: 384 Pages
• Weight: 1.36 lbs.
• Dimensions: 9.2" x 0.8" x 7.4"

Customer Reviews

An absolute must-read for anyone forming an LLC

This guide is clear, concise and an absolute must-read for those starting an LLC. Before I picked up this book I was completely in the dark, but for every question I had there was a simple and easy to understand answer. I've recommended to several friends that are thinking of starting businesses in the New Year.

Needed in this economic downturn

If your run your own business, even out of the house, you'd be nuts not to do it under an LLC. Without the protections of an LLC, you can get yourself into a world of legal trouble. Add to that, LLC can save you on taxes. The problem is, putting together an LLC is not easy and using lawyers is expensive. That's what I learned. Thank God for this book. It's easy to read, covers all the topics, and weighs out the pros and cons of the choice I had to make for my LLC. After a few hours of reading, I knew what I had to do and did it. Now my business is covered by an LLC and I saved a ton of money. Plus, I don't have to worry about something stupid happening to my business and as a result, my house being taken away.

a must read

We are in the process of becoming a LLC and I bought the book hoping for some answers in one syllable or less. This is a must read book for anyone thinking of forming a LLC. It answered all my questions and brought up some questions I need to ask my lawyer. I have had it only a couple of months and have read it twice and will probably refer to it again. It gives the lay person insite into the LLC and helps you answer questions about forming maintaining and ending a LLC.You need to read this before going any further into organizing a LLC. It also gives you alternatives to a LLC too. The version with the CD rom with it provides current forms that need to be filed with each state which is a plus.

The best book I've read on LLC's!

I recently formed an LLC and wished I had read this book first, it would have saved me a lot of wasted time and money. It really is light years ahead of the other similar books I purchased both in information provided, and in the easy to read way it's presentated. What I especially like about it is everything is put into the proper context and all the dots are connected in a way that really helps the reader make sense of how a LLC should fit into their total business plan... I can't recommend this book enough.

Great!

Very comprehensive! Much more in depth than the other book I got on LLCs - doesn't just tell you how to form one, but gives real world advice on what to do after it has been formed.