The only book devoted to the most important business decision you'll make.
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 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 for taxes, to your ability to seek money from investors. The book also provides conversion and formation scenarios that provide a real-world look at all the options available to you.
The 2nd edition is completely updated with the latest laws regarding business structures and taxes.
LLC OR CORPORATION? How to Choose the Right Form for Your...
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Editorial Reviews
Review
"An in-depth guide [which] covers all aspects of this decision." -- The Midwest Book Review
"Outstanding. Crystal clear, rock-solid, no-nonsense, accessible information. Great 'real life' examples without any fluff." -- Small Business Opportunities --This text refers to an out of print or unavailable edition of this title.
"Outstanding. Crystal clear, rock-solid, no-nonsense, accessible information. Great 'real life' examples without any fluff." -- Small Business Opportunities --This text refers to an out of print or unavailable edition of this title.
Review
"An in-depth guide...[which] covers all aspects of this decision."
--This text refers to an out of print or unavailable edition of this title.
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More About the Author
Anthony Mancuso is a California attorney and 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 has studied advanced business taxation at Golden Gate University in San Francisco. He also works as a technical writer and programmer, and is currently employed by Google in Mountain View, CA. He is the author of many 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, LLC or Corporation?, and Your Limited Liability Company - an Operating Manual. He wrote and programmed Nolo's LLC Maker software program, which generates state-by-state articles and other forms for organizing an LLC in each state. 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 in many musical idioms.
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Most Helpful Customer Reviews
15 of 16 people found the following review helpful:
3.0 out of 5 stars
Average,
By Terry Smith "http://terrysmith.net -- http:/... (Little Rock, AR USA) - See all my reviews (REAL NAME)
This review is from: LLC or Corporation? How to Choose the Right Form for Your Business (Paperback)
I've read several books on this topic, and I can't rank this one very high on the list. The first half of the book is pretty decent, not bad at all; however, the last half of the book, four whole chapters, is focused on converting one entity to another. This material should be in another book devoted to that topic, not here. That said, you are paying for fifty percent of a book that is very readable. It is not dense at all, and the "real-world" examples illustrating when one company entity is preferable over another entity are good, though few and far between. The inclusion of MANY more example scenarios would have made this an extremely informative book.
5 of 5 people found the following review helpful:
2.0 out of 5 stars
Ignore the title of the book,
This review is from: LLC OR CORPORATION? How to Choose the Right Form for Your Business (Paperback)
I have to say I'm disappointed with this book. For a book with a title of "LLC or Corporation" you would think it'll have a great amount of info on LLCs and Corps and side to side comparisons. Instead, half the book is filled with info on Sole Proprietorship and Partnerships, just like any book that provides info on creating your own business. Part 2 of the book addresses converting your business from one entity to another. Again, equal amount of info was given on Sole Proprietorship and Partnerships. I have no gripes against the quality of the info, just that this is not what the title of the book made you believe it's suppose to be. They need to delete the "LLC or Corporation" part of the book title and make bigger the second title "How to Choose the Right Form for Your Business". Waste of time and extra paper.
3 of 3 people found the following review helpful:
5.0 out of 5 stars
Good Book, but I live in California,
By
Amazon Verified Purchase(What's this?)
This review is from: LLC OR CORPORATION? How to Choose the Right Form for Your Business (Paperback)
He discusses California. It costs $800/year to maintain an LLC, plus, they apparantly tax gross income. It's hard to understand advantages of the LLC in California for a small start up. Why not just form an S corporation? Anyway, an excellent book, and, I am still studying it. I would buy it again.
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Inside This Book
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First Sentence:
If you are starting a business (by yourself or with others) and tying to figure out whether a limited liability company (LLC) or corporation will best meet your needs, this book will help you make the right choice. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
tax filing procedures, business filing office website, corporation tax election, state filing office, payroll tax purposes, corporation tax status, doing business out, corporate tax treatment, corporation tax treatment, nonmanaging members, intrastate business, legal liability protection, tax termination, buying corporation, minimum contacts requirement, prior partnership, allocated profits, income tax basis, conversion scenarios, dividend tax rates, income tax consequences, partnership tax return, tax classification, personal liability protection, limited liability protection Key Phrases - Capitalized Phrases (CAPs): (learn more)
Internal Revenue Code, New York, Securities Laws Procedures, Income Tax Consequences of Conversion, Surf Side, Anthony Mancuso, Advance Lending, Quality Dinette, Share of Income, District of Columbia, Crud Busters, Self-Employment Tax Status of Owners, United States, Supreme Court, Aunt Kate, Burger King, Edith Frax, Rackafrax Enterprises, Return of Partnership Income, Skate City, Small Business Corporation, The Partnership Book, The Situs Corporation, Corporation Income Tax Return, Fast Food Fusion New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
If you are starting a business (by yourself or with others) and tying to figure out whether a limited liability company (LLC) or corporation will best meet your needs, this book will help you make the right choice. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
tax filing procedures, business filing office website, corporation tax election, state filing office, payroll tax purposes, corporation tax status, doing business out, corporate tax treatment, corporation tax treatment, nonmanaging members, intrastate business, legal liability protection, tax termination, buying corporation, minimum contacts requirement, prior partnership, allocated profits, income tax basis, conversion scenarios, dividend tax rates, income tax consequences, partnership tax return, tax classification, personal liability protection, limited liability protection Key Phrases - Capitalized Phrases (CAPs): (learn more)
Internal Revenue Code, New York, Securities Laws Procedures, Income Tax Consequences of Conversion, Surf Side, Anthony Mancuso, Advance Lending, Quality Dinette, Share of Income, District of Columbia, Crud Busters, Self-Employment Tax Status of Owners, United States, Supreme Court, Aunt Kate, Burger King, Edith Frax, Rackafrax Enterprises, Return of Partnership Income, Skate City, Small Business Corporation, The Partnership Book, The Situs Corporation, Corporation Income Tax Return, Fast Food Fusion New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
Citations (learn more)
This book cites 17
books:
See all 17 books this book cites
- The Partnership Book: How to Write A Partnership Agreement (With CD-ROM) 6th Edition by Dennis Clifford on 4 pages
- Form Your Own Limited Liability Company 4th Edition by Anthony Mancuso on page 59, page 136, and Back Matter
- Your Limited Liability Company: An Operating Manual by Anthony Mancuso on page 60, Back Matter (1), and Back Matter (2)
- Incorporate Your Business: A 50 State Legal Guide to Forming a Corporation (with CD-ROM) with CDROM by Anthony Mancuso on page 60, page 142, and Back Matter
- How To Form Your Own California Corporation by Anthony Mancuso on page 60, and page 142
See all 17 books this book cites
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