- Paperback: 368 pages
- Publisher: Nolo.com Books; 1st edition (June 1996)
- Language: English
- ISBN-10: 0873373073
- ISBN-13: 978-0873373074
- Product Dimensions: 0.8 x 8.5 x 11 inches
- Shipping Weight: 1.7 pounds
- Average Customer Review: 31 customer reviews
- Amazon Best Sellers Rank: #5,057,299 in Books (See Top 100 in Books)
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Form Your Own Limited Liability Company Paperback – June, 1996
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"Good news from the IRS... you, too, can be an LLC. The advantage: profits are taxed just once, like a partnership, while personal liability is limited, like a corporation. [And now you can do it yourself with] Nolo's book on LLCs." Business Week
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"In typical straight forward Nolo fashion, this book explains everything from choosing a name to maintaining the LLC's legal and tax status." Orange County Register --This text refers to an alternate Paperback edition.
Practical how-to guide on forming an LLC including creating an LLC operating agreement, the most important step. Covers basic LLC legalities and taxation, resources for state-by-state operating rules, and fill-in-able legal forms. --This text refers to an alternate Paperback edition.
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The only regret I have is that there is less information than I wished to find on whether an LLC organizer needs to get a tax number for the LLC separate from their own, and how to do it. Mr. Macuso may correctly prefer to leave this to a discussion between the reader and his/her CPA, but he should at least have said that.
In spite of this minor gripe, the book is clear, well organized, elegant in its design, and extremely helpful.
What a book like this does is give you confidence that it is really just that simple. There are plenty of services on the internet, including services advertised on the website of the publisher, NoLo, that want to charge quite a bit more to do the work for you - or I'm sure you can find a local attorney who will also do the work for you, probably for an even higher fee. Maybe that's what you need, but for our small business, we found our startup money better spent on marketing and sales promotion than legal fees.
The one thing that was missing for me in this book, thus only 4 stars, was any discussion on LLC location. We needed additional research to satisfy our questions here.
Finally, we were able to use one of the legal forms on the CD as a template for our LLC operating agreement between members. That was handy and important, though in our state not a required document to form an LLC.
I started a Nevada based company using this book and found it well worth the money.
Start an LLC, make loads of money and live a good life, this book will get you started.