Limited Liability Companies For Dummies [Paperback]

Jennifer Reuting (Author)

Book Description

Publication Date: November 28, 2007

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 form 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.

Editorial Reviews

From the Back Cover

Tips for reducing taxes, and avoiding bankruptcy and fraud

The fun and easy way to eliminate the guesswork in starting and running an LLC

Thinking about forming a Limited Liability Company? This clear, concise guide explains the pros and cons, sharing 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. You also get expert tips on creating your Operating Agreement, saving on taxes, and finding professional guidance.

Discover how to:

• Decide if an LLC is right for you

• Form your LLC in or out of your home state

• Convert an existing company to an LLC

• Address state and local licensing issues

• Use your LLC to protect your assets

About the Author

Jennifer Reuting is one of the foremost experts on limited liability companies and corporate structuring. She has been entrusted by thousands of companies over the years to address their individual corporate needs. In 2001, she co-founded Incorp Services Inc., the fourth-largest national registered agent and document filing company with more than 35,000 clients worldwide. InCorp specializes in servicing medium to large businesses, accountancy firms, and law firms.
To service the needs of individuals and small businesses, Jennifer co-founded MyLLC.com, a company that focuses on offering affordable LLC and business entity solutions. Jennifer lends her talents in corporate structuring to the clients at MyLLC.com, providing affordable yet comprehensive LLC solutions.
Jennifer speaks regularly on television and radio shows across the U.S., addressing common business issues, such as the formation and management of limited liability companies. You can also read her articles at www.myllc.com.

Product Details

• Paperback: 384 pages
• Publisher: For Dummies (November 28, 2007)
• Language: English
• ISBN-10: 0470173289
• ISBN-13: 978-0470173282
• Product Dimensions: 9.2 x 7.4 x 0.9 inches
• Shipping Weight: 1.3 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (26 customer reviews)
• Amazon Best Sellers Rank: #155,682 in Books (See Top 100 in Books)
  • #6 in Books > Business & Investing > Small Business & Entrepreneurship > Legal Guides
  • #68 in Books > Law > Business > Corporate Law

More About the Author

Jennifer Reuting is a serial-entrepreneur who founded her first company before the age of 18 and is one of the foremost experts on corporate structuring and Limited Liability Companies. She is the author of the best-selling Limited Liability Companies for Dummies and founder of MyLLC.com -- a company focused on offering affordable business entity solutions to service the needs of individuals, startups, and small businesses.

Aside from her entrepreneurial pursuits, she co-founded CutiesForCanines.org, a non-profit that rescues dogs at risk of being euthanized in Los Angeles animal shelters and finds them homes. She lives in Los Angeles with her dogs Rocco and Audrey (Hepburn).

Jennifer speaks regularly on television, in seminars, and at universities nationwide, addressing common business issues such as the formation and management of limited liability companies and corporations. She is represented by ICM (International Creative Management).

Customer Reviews

Most Helpful Customer Reviews

51 of 54 people found the following review helpful:

5.0 out of 5 stars The best book I've read on LLC's!, April 21, 2008

By 

onederin (USA) - See all my reviews

Amazon Verified Purchase

This review is from: Limited Liability Companies For Dummies (Paperback)

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.

36 of 37 people found the following review helpful:

5.0 out of 5 stars a must read, August 4, 2008

By 

DDTJ "DDTJ" (ILLINOIS) - See all my reviews

This review is from: Limited Liability Companies For Dummies (Paperback)

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.

27 of 28 people found the following review helpful:

4.0 out of 5 stars Great introduction to LLCs!, January 19, 2009

By 

Sean C. (San Rafael, CA USA) - See all my reviews

This review is from: Limited Liability Companies For Dummies (Paperback)

I ordered this book after thinking about starting a real estate rental company. I've looked around at other books and read a bunch of reviews, and so far I've found this one to be the best introductory book that isn't half-filled with standard forms and filler (those forms come on the included CD).

The book specifically suggests how to form an LLC for real estate businesses, so it was perfect for me. The author goes on to say that everyone should form an LLC to protect their assets from personal lawsuits (which, while expensive in some states, not a bad idea). The chapters are self contained and cross referenced so you can jump around to what's pertinent to you, and it's easy to jump from setting up ownership (chapter 2) to how to cancel membership shares (chapter 10).

The only thing that could be better about the book is more information on state-specific laws and regulations. There's an appendix section on different state fees and franchise taxes, but that's about it.

It's easy to read and things are put in layman's terms, but that's not to say it's dumbed-down. If you own a small business or are thinking of starting one, buy this book. It's definitely worth the price and the time it takes to read.

Oh, and buy a highlighter!