Written for entrepreneurs, professional partnerships, and small business owners, this book answers the key questions about this hot opportunity for structuring a business. Limited liability companies offer business owners corporate benefits without corporate taxation. Author Scott Friedman explains in plain English how this formation is suitable for virtually any business.
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51 of 52 people found the following review helpful:
4.0 out of 5 stars
A well-written guide to starting and running your LLC.,
By A Customer
This review is from: How To Profit by Forming Your Own Limited Liability Company (Paperback)
This is a "Must Read" choice for anyone thinking of starting or runnning a small business, as Limited Liability Companies (LLC's) have become the preferred choice for new and small companies. This guide takes the reader from total ignorance about LLC's to full understanding of the subject in an easy-to-read style that also doubles as a serious reference book. LLC's enjoy favorable tax treatment which the author explains in a way that doesn't need your CPA to interpret. And unlike a stock corporation, especially S-corporations that can only have one class of stock, LLC's can allocate profits, losses, voting rights, and most other stockholder privileges almost any way the owners choose. This guide explains how to start up an LLC, including sample forms, contacts at state agencies to file all the legal documents, and contains numerous examples of how to take full advantage of an LLC's flexibility and tax benefits.
23 of 26 people found the following review helpful:
5.0 out of 5 stars
One of the best on the subject,
By A Customer
This review is from: How To Profit by Forming Your Own Limited Liability Company (Paperback)
I checked out about 10 books on the subject of creating an LLC from my local library and this is one of (if not the) best.Get a copy of it. Very thorough. Especially with making sure you are able to be taxed as a partnership and not as a corporation.
7 of 7 people found the following review helpful:
2.0 out of 5 stars
outdated information,
By A Customer
This review is from: How To Profit by Forming Your Own Limited Liability Company (Paperback)
This edition date from 1995!! It is becoming seriously outdated, for instance page 28 "federal state treatment of one-member LLCs remains uncertain", this is not true anymore, a quick search on the IRS website will give you the answer (you can elect to be treated as sole proprietorship or as corporation). And since this book was published, Vermont and Massachussets have enected LLC laws. Don't buy outdated information, especially in the legal field.
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Inside This Book
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First Sentence:
The advantages of operating your business as an LLC are best illustrated by a comparison with the other traditional business forms, particularly proprietorships, partnerships and corporations. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
percent membership interest, affirms that the statements, withdrawing member, limited liability protection, nonmanaging members, other designated official, operating agreement, partnership tax treatment, corporate characteristics, other business forms, membership interests, free transferability, judicial dissolution, governance interest, allocable share, default provisions, substantial economic effect, nonrecourse debt, organizational documents, majority consent, centralized management, corporation status, federal income tax purposes Key Phrases - Capitalized Phrases (CAPs): (learn more)
Planning Tip, John Smith, Articles of Secretary of State, Smith Restaurants, Mike Harris, Internal Revenue Code, New York, Organization Corporation Division, United States, Revenue Procedure, Code Ann, State Capitol Bldg, Action Example, Organization Corporations Division, Revenue Ruling, South Carolina New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The advantages of operating your business as an LLC are best illustrated by a comparison with the other traditional business forms, particularly proprietorships, partnerships and corporations. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
percent membership interest, affirms that the statements, withdrawing member, limited liability protection, nonmanaging members, other designated official, operating agreement, partnership tax treatment, corporate characteristics, other business forms, membership interests, free transferability, judicial dissolution, governance interest, allocable share, default provisions, substantial economic effect, nonrecourse debt, organizational documents, majority consent, centralized management, corporation status, federal income tax purposes Key Phrases - Capitalized Phrases (CAPs): (learn more)
Planning Tip, John Smith, Articles of Secretary of State, Smith Restaurants, Mike Harris, Internal Revenue Code, New York, Organization Corporation Division, United States, Revenue Procedure, Code Ann, State Capitol Bldg, Action Example, Organization Corporations Division, Revenue Ruling, South Carolina New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 3
books:
3
books
cite this book:
- Company Law by Smith on 6 pages
- Company Law (Lawcards) by Routledge-Cavendish on 6 pages
- Company Law by K. Smith on 6 pages
- Writer's Guide to Nonfiction (Writer's Compass (Perigee)) by Elizabeth Lyon on page 29, page 49, and page 74
- Making Money in Real Estate: How to Start Out on the Road to Financial Independence with Residential and Commercial Property (Third Edition) by Carolyn Janik on page 285
- Upstart Small Business Legal Guide by Robert Friedman on page 22
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