Synopses & Reviews
Decide whether to form an LLC or a corporation -- the most important decision you'll make for your business
Your company has grown -- now it's time to upgrade your legal structure to something that will protect you and your assets, as well as provide other benefits. In other words, your business is ready to become either a corporation or a limited liability company.
The question is, "Which one?" The answer isn't always clear -- but because your choice will affect the legal and tax status of your business, it's the most important question you'll need to answer.
LLC or Corporation? will help you make the right choice with plain-English explanations of:
. the basics of business entities
. how each business entity protects you from personal liability
. profits, losses and tax treatment
. converting from one type of business entity to another
. what to do if you conduct business out of state
Making the right choice will affect your bottom line in many ways -- from what you pay in taxes to your ability to seek money from investors. In LLC or Corporation? you'll find real-world conversion and formation scenarios that help to display all the options available to you.
This edition has been thoroughly and usefully updated with the latest resources for business owners and contains the newest information on small business taxes.
"An in-depth guide [which] covers all aspects of this decision." -- The Midwest Book Review
About the Author
Anthony Mancuso is a corporations and limited liability company expert. He graduated from Hastings College of Law in San Francisco, is a member of the California State Bar, writes books and software in the fields of corporate and LLC law, and studies advanced business taxation at Golden Gate University in San Francisco. He is the author of several Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. His titles include Incorporate Your Business, How to Form a Nonprofit Corporation (national and California editions), Form Your Own Limited Liability Company, The Corporate Records Handbook, and LLC or Corporation?. His books and software have shown over a quarter of a million businesses and organizations how to form a corporation or LLC. He also is a licensed helicopter pilot and has performed for years as a guitarist.
Table of Contents
Your Legal CompanionPart 11 Business Entity Basics2 Personal Liability Concerns3 Forming and Running Your Business4 Money Issues: Taxes, Profits, Losses, and Investments5 Doing Business Out of StatePart 26 Converting a Sole Proprietorship to Another Entity7 Converting a Partnership to Another Entity8 Converting an LLC to Another Entity9 Converting, Dissolving, and Selling a Corporation10 Business Choice and Conversion ScenariosAppendix: State Website InformationIndex