Synopses & Reviews
Your plain-English guide to the requirements and benefits of setting up and running an LLC
This clear, concise guide explains the pros and cons of LLCs and shares insider insight 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. It's full steam ahead for LLCs, and this hands-on guide addresses everything you need to know and more!
The ABCs of LLCs get the 4-1-1 on popular uses for LLCs and determine whether it's right for your unique business needs
It's all in a name find out how to establish the best name for your LLC, determine its availability, and get trusted guidance on how to register and preserve it
Bring in the big guns discover how to successfully convert your current business into an LLC and create and file your company's articles of organization
Make cents of taxes understand the different tax categories, elect your tax status, and get valuable tips on working with accountants
Open the book and find:
Awesome tax advantages of LLCs
Tips for filing LLCs operating in multiple states
Advice for assembling your team
How to maintain your records (and your sanity)
How to protect your real estate with LLCs
How to protect your estate and avoid probate with an LLC
Ten ways to maintain your liability protection
A helpful appendix listing LLC formation information by state
Learn to:
Flex your entrepreneurial muscles during a time of economic uncertainty
Understand the pros and cons of LLCs
Manage the day-to-day operations of running an LLC
Work with tools, forms, and documents on the accompanying CD
Bonus CD Includes
More than 200 customizable forms, letters, and spreadsheets to help your business run smoothly
Please see the CD appendix for details and complete system requirements.
Synopsis
During a time of economic uncertainty, one thing consistently on the rise has been the number of new limited liability companies. Enterprising people are using economic uncertainty as an opportunity to finally flex their entrepreneurial muscles. Limited Liability Companies For Dummies, 2nd Edition, provides clear, concise explanations on the pros and cons of LLCs and shares insider insights on everything from creating the LLC to managing its day-to-day operations. This revised edition will include 25% new and revised information, including the latest advances in technology (including online tools which streamline processes), up-to-the-minute information on federal and taxes and fees (including added benefits for LLC formers), new filing requirements, additional coverage of setting up real estate LLCs and LLCs with among family members, tailoring LLCs specifically for independent contractors (including online businesses), and much more. In addition, the author will completely revamp the book's accompanying CD with new useful tools and forms, including a sample Buy-Sell Agreement, different variations on Operating Agreements, and the full gamut of documents needed to launch in each state.
Synopsis
Flex your entrepreneurial muscle with an LLC
The previous drawbacks to forming an LLC have all but disappeared. The IRS has loosened the restrictions on entities electing partnership taxation and subsequently the states have loosened their requirements. Because LLCs are now more flexible entities than any that have ever existed, they remain an attractive option for those launchinga new or relaunching an existing business.
Limited Liabilty Companies For Dummies is a clear, concise guide that 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. Plus, you'll the most current, real-world advice on customizing an LLC for your specific business needs.
- The latest information on federal taxes and fees
- New filing requirements and coverage of setting up real estate LLCs and LLCs among family members
- Accompanying CD includes updated tools and forms
It's full-steam ahead for LLCs, and this hands-on guide addresses everything you need to know and more!
Synopsis
Now fully updated, this Second Edition provides clear, concise explanations on the pros and cons of LLCs and shares insider insights on everything from creating the LLC to managing its day-to-day operations. The CD has also been revised with useful new tools and forms.
About the Author
Jennifer Reuting has helped thousands of businesses get started through her companies MyLLC.com and InCorp. She is at the forefront of recent changes in starting and structuring LLCs.
Table of Contents
Introduction.Part I: The ABCs of LLCs.
Chapter 1: What Is an LLC, Really?
Chapter 2: LLCs: More Handy Than Duct Tape!
Chapter 3: Determining Whether an LLC Is Right for You.
Part II: Your First Steps: Forming Your LLC.
Chapter 4: Playing — and Winning — the Name Game.
Chapter 5: Choosing the Best State for Your LLC.
Chapter 6: Creating and Filing Your Articles of Organization.
Chapter 7: Converting Your Current Business into an LLC.
Part III: Customizing Your LLC.
Chapter 8: Tell Uncle Sam How It Is! Choosing How You Want to Be Taxed.
Chapter 9: The Power Source: Issuing and Transferring Membership.
Chapter 10: Make It Official! Creating Your Operating Agreement.
Part IV: Running Your Brand-New LLC.
Chapter 11: Maintaining Your Records (And Your Sanity).
Chapter 12: Making Cents of Taxes.
Chapter 13: Raising Capital with Your LLC.
Chapter 14: Expanding Your Empire: Going National!
Chapter 15: Dissolutions: Every Beginning Has an End.
Part V: LLCs on Steroids: Advanced Strategies.
Chapter 16: Using LLCs to Cover Your Assets.
Chapter 17: Protecting Real Estate with LLCs.
Chapter 18: Estate Planning: Avoiding Death Taxes.
Part VI: The Part of Tens.
Chapter 19: Ten Good Reasons to Form an LLC.
Chapter 20: Ten Ways to Keep Your Liability Protection Intact.
Part VII: Appendixes.
Appendix A: LLC Formation Information by State.
Appendix B: About the CD.
Index.