Profits, Taxes & Llcs

by Holmes F. Crouch

Book Overview

This guide to the Limited Liability Company (LLC) covers the unique characteristics of an LLC under federal law, forming it under state law, the importance of a written operating agreement, the... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0944817653
• ISBN13: 9780944817650
• Release Date: January 2002
• Publisher: Allyear Tax Guides
• Length: 224 Pages
• Weight: 0.85 lbs.
• Dimensions: 0.6" x 6.2" x 9.1"

Customer Reviews

The philosophy of LLC taxation

I liked the approach. It's not a recipe for starting an LLC (there are plenty of those out there). It is more like background reading about the philosophy driving how LLCs are taxed, and what that means for how the LLC income is distributed and reported. Lots on maintaining capital accounts. There was a fair amount I ignored -- California and real estate specific information -- but the rest was very helpful. Chapter 5 on tax forms and Chapter 7 on partnership rules were especially useful.

Everything you wanted to know about LLC taxes

Although a couple of initial chapters are dedicated to general LLC formation issues, the bulk of the text is dedicated to tax issues and explanation of tax forms. The author does a thorough job covering everything you wanted to know about LLC taxation, presenting information not readily found elsewhere. This book compliments other "How to form an LLC" books very well.

very informative and well written

If you are in the explorative stage of forming a LLC, this book provides very useful and well-organized information not found in some other books written by some attorneys.

A Different Approach

I gave Mr. Crouch 5 stars because it is obvious that he is not simply repeating the same old thing I can find in most other books relating to corporations and LLCs and their benefits. He walks you through most of the technical matters in a tutorial way, explaining the significance of different laws and what they say & don't say. He provides much food for thought that I found nowhere else. He is a breath of fresh air after reading extensively on these topics. This book should be on your shelf if you own, manage, or have a need to learn about LLCs.