Your Limited Liability Company: An Operating Manual [Paperback]

Anthony Mancuso (Author)

Book Description

Series: Your Limited Liability Company | Publication Date: June 2002

Your Limited Liability Company gives you everything you need to maintain the legal validity of your LLC before the courts and the IRS. It helps you approve and document important legal, tax and business decisions to create a paper trail that avoids legal trouble.

The book stresses how to:

*prepare minutes of meetings

*record important legal, tax and business decisions

*handle formal recordkeeping

*fill out an LLC Records Book

Your Limited Liability Company provides all the documentation you'll need, including:

*minutes

*written consents

*checklists

*over 50 ready-to-use resolutions

The 2nd edition is completely updated and revised to provide the latest laws for all 50 states, plus the latest forms, as tear-outs and on CD-ROM

Editorial Reviews

Review

I have a special place in my heart for Nolo... [Its goal] has always been to give the public enough information so that they can make informed decisions. (New Orleans Times-Picayune 20090101)

Berkeley-based Nolo has been publishing easy-to-read, self-help books on personal finance and law since the early '70s (Forbes )

Nolo is a pioneer in both consumer and business self-help books and software. (Los Angeles Times ) --This text refers to an out of print or unavailable edition of this title.

About the Author

Attorney Anthony Mancuso is a corporations expert and author of Nolo’s bestselling corporate law series. He is the author of How to Form Your Own Corporation for California, New York, Florida and Texas; How to Form a Nonprofit Corporation (National and California Editions); The Corporate Minutes Book; California Incorporator (software) and co-author of Nolo’s Partnership Maker (software) and How to Create a Buy-Sell Agreement & Control the Destiny of Your Small Business. His books and software have shown over a quarter of a million businesses and organizations how to incorporate.

Product Details

• Paperback: 528 pages
• Publisher: Nolo; 2nd edition (June 2002)
• Language: English
• ISBN-10: 0873378458
• ISBN-13: 978-0873378451
• Product Dimensions: 10.8 x 8.3 x 1.1 inches
• Shipping Weight: 2.7 pounds
• Average Customer Review: 4.3 out of 5 stars  See all reviews (63 customer reviews)
• Amazon Best Sellers Rank: #1,478,628 in Books (See Top 100 in Books)
  • #64 in Books > Business & Investing > Small Business & Entrepreneurship > Legal Guides

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.

Customer Reviews

Most Helpful Customer Reviews

226 of 250 people found the following review helpful:

2.0 out of 5 stars Can't imagine many people need this book., November 20, 2003

By 

Gregory R. Stout "Gregory S" (NH United States) - See all my reviews
(REAL NAME)   

This review is from: Your Limited Liability Company: An Operating Manual (Paperback)

Generally I have to say I was a little disappointed with this book. To be fair it lives up to its claims that it will basically help you run LLC meetings and provides forms for most basic LLC functions EXCEPT creating one. It provides no business advice and no tax advice to help with serious beginning operation issues. I was hoping for a book that would offer advice and successful strategies for managing money in the LLC and discuss tax strategies and so on. Advice, that would help me operate an LLC with the legal documents to back up the advice. That is not what this book contains.

This book will not teach you how to begin running your own LLC business. But if you are an LLC member with two other members in your LLC it will tell you to use form 7 to formally announce the meetings and form 8 to guarantee that the announcement has been received and 9 to proactively declare that the meeting contents will be....

This book will not help you make tough decisions but it will tell you what to do if you have already made a decision. If that's really all that you want you have found your book.

What strikes me as odd is that the two most important documents as stated at the start of the book, the operating agreement and articles of organization, are not included in this book. For that topic they have written a whole SEPARATE BOOK for you to buy and they kindly point you in that direction.

My general feeling is that this 50-dollar book is too pricey for what it offers. They should drop the tear-out pages, that no one will ever use since the forms are on the CD, and the one or two pages for each states specific LLC rules, which could easily also be on the CD since you most likely only need the paragraph that pertains to your state, that make up HALF the content of the book and lower the price to 20.

15 of 15 people found the following review helpful:

5.0 out of 5 stars Every LLC Owner Needs This Book, September 26, 2009

By 

Tracy L. Needham "Marketing Copywriter & Stra... (Raleigh, NC) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Your Limited Liability Company: An Operating Manual (book with CD-Rom) (Paperback)

You file the LLC, pay the annual fee to the state and you're done right?

That's why I and I'm sure many other LLC owners thought until a lawyer friend was doing a review of my business one day and started asking me if I was keeping up with the necessary documentation--such as doing promissory notes for the loans I made to the business and resolutions for this and that. "Um, what?" pretty much sums up my response.

Nobody collects these forms from us but they're mighty good to have on hand if someone ever tries to contest your LLC protection, and they're often required by certain programs such as WBENC certification anyway.

She recommended this book which explains the various forms and when they should be used and even gives you a CD with them so you don't even have to type them in yourself. So it basically takes 5 minutes whenever you need to do one.

I'm not going to pretend that this book will keep you breathless on the edge of your seat all night--but it could certainly help prevent future sleepless nights if misfortune comes to call.

5 of 5 people found the following review helpful:

4.0 out of 5 stars A thorough guide and templates for a full-blown LLC, February 18, 2011

By 

Vincent Sellers "LongLiveC64" (Austin, TX United States) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: Your Limited Liability Company: An Operating Manual (Paperback)

(What's this?)

I have a LLC which has only one member (myself). It is not a complex operation, and I was able to figure out everything from online resources.

This guidebook is GREAT for someone who has a medium sized LLC beyond one member. Forms and templates for almost any business need are included. Unfortunately for me the vast majority of those forms and instructions are for things that I'll never need.

Also, there are specifics that vary by state for LLC; this book is doesn't pertain to any one state, so you will still need to do additional research on operating your LLC within your state.

In summary, if you just need the LLC to protect assets and you are the only member, you probably don't need this book. But if you have a medium to large LLC with employees, meetings, etc, this guidebook and template (with CD-ROM containing templates), this is a great "operating manual".