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Limited Liability Companies For Dummies Paperback – Print + CD, January 4, 2011

4.2 out of 5 stars 74 customer reviews

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Editorial Reviews

From the Back Cover

Your plain-English guide to the requirements and benefits of setting up and running an LLC

This clear, concise guide explains the pros and cons of LLCs and shares 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. It's full steam ahead for LLCs, and this hands-on guide addresses everything you need to know and more!

  • The ABCs of LLCs — get the 4-1-1 on popular uses for LLCs and determine whether it's right for your unique business needs

  • It's all in a name — find out how to establish the best name for your LLC, determine its availability, and get trusted guidance on how to register and preserve it

  • Bring in the big guns — discover how to successfully convert your current business into an LLC and create and file your company's articles of organization

  • Make cents of taxes — understand the different tax categories, elect your tax status, and get valuable tips on working with accountants

Open the book and find:

  • Awesome tax advantages of LLCs

  • Tips for filing LLCs operating in multiple states

  • Advice for assembling your team

  • How to maintain your records (and your sanity)

  • How to protect your real estate with LLCs

  • How to protect your estate and avoid probate with an LLC

  • Ten ways to maintain your liability protection

  • A helpful appendix listing LLC formation information by state

Learn to:

  • Flex your entrepreneurial muscles during a time of economic uncertainty

  • Understand the pros and cons of LLCs

  • Manage the day-to-day operations of running an LLC

Work with tools, forms, and documents on the accompanying CD

Bonus CD Includes

More than 200 customizable forms, letters, and spreadsheets to help your business run smoothly

Please see the CD appendix for details and complete system requirements.

About the Author

Jennifer Reuting has helped thousands of businesses get started through her companies MyLLC.com and InCorp. She is at the forefront of recent changes in starting and structuring LLCs.

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Product Details

  • Paperback: 384 pages
  • Publisher: Wiley Publishing; 2 edition (January 4, 2011)
  • Language: English
  • ISBN-10: 0470881429
  • ISBN-13: 978-0470881422
  • Product Dimensions: 7.4 x 0.8 x 9.3 inches
  • Shipping Weight: 1.3 pounds
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (74 customer reviews)
  • Amazon Best Sellers Rank: #114,554 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Paperback
Disclaimer: I had the book for less than a day before I returned it. I read only a 100pp skipping around in the book. I have not fact checked the contents of the book with legal or accounting professional.

Due to the polarity of the book's success and failure I will grade the two things the book promised separately on a scale of 2.5 stars each.

The Good: Having minimal legal or business training in Medical School I consider my knowledge about LLCs to be minimal. Despite this set back, the book was easy to follow without getting me confused by technical jargon or concepts. There were very few things I had to look up on the Internet or re-read to understand. It is what you would expect from someone who started a website called "[...]". 2.0/2.5 stars.

The Bad: The other things this book promises is convenience. EPIC FAIL. She makes numerous references in the book to websites where she allocated information about each topic organized by state. None of the websites are functional, and there are several web references about very pertinent information scattered throughout the book. Why is this a big deal you ask? As a medical professional there is a possibility that I can only start a PLLC as oppose to an LLC (which, as the book explains very well, are two very different companies). Had the author's websites been working I would only have to visit one website to understand my state of residence's stance on PLLCs. But since I don't live in a "business friendly state" (another, very well explained and significant concept), I will not only have to search the internet for my state's stance on PLLC, but I will have to search the web for the dozen other "business friendly" states' stance on PLLC before I can decide which state I want to base my LLC or PLLC.
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1 Comment 18 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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Format: Paperback Verified Purchase
The book seemed informative, easy to read and understand. I went through most of it, picking and choosing topics of interest, and was happy to find the information I was looking for.

Great! It is time to explore the wiki for the most current information. On page 28 of the book reads: "To make your life a bit easier, I set up a searchable public wiki containing all state laws regarding business entities, real estate, and taxation at [...]" I followed the URL to the wiki. To my dismay, with the exception of a few isolated definitions, the wiki is empty! It looks like an experiment that got started and abandoned.

I followed another URL link: "[...]", and the web page reads:
"Laws regarding LLC charging order statutes, listed by state: (We are currently working on populating this. In the meantime, please feel free to contribute!)" Are you kidding me? While it is great to have a place for readers to exchange experiences, it is completely unacceptable for the author to state that the author created the information in the wiki, and then expect the readers to write the core information that the author promised!

This book was published in January 2011, and it is now October 2011. This wiki should have all the information the book promised at the time of publication.

It hit me on the head that maybe the information in this book may not be accurate after all. It would be too important for me to trust the information in a half written book and build my company's formation on it. I am so disappointed.
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Format: Paperback
The only really hard part about forming an LLC is writing the operating agreement. This long document lays out all the rules on how the LLC will be run. For the LLC I did it came out to 15 pages. Ms Reuting devotes chapter 10 to writing an operating agreement. She gives an outline and a few sample paragraphs but not a complete sample. I feel this is because she wants you to go to her website MyLLC.com and purchase their services. Then they give you a sample, you modify it a bit and your done. This was an underlying theme in the book - "here are some of the basics but to get it really right visit MyLLC.com".

The book does contains lots of good background information and gives a good overview of what LLCs are and how one might use them. Good treatment of charging order protection. Read the book and you'll learn enough to carry on an intelligent conversation and start the LLC process.
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By W on January 12, 2011
Format: Paperback
I opted for my first "For Dummies" book because it seemed inviting.

HOWEVER, information on California single-member LLC's is inaccurate. The appendix is wrong, and also an entire page on why you should not form a single-member LLC is questionable. I believed that a "For Dummies" book would be credible because of it's popularity, so I asked FOUR other sources (3 business lawyers, and a reputable LLC filing company). Not one source concurred with Reuting.

Given that discrepancy, I lost confidence in the rest of the book and now feel the need to re-check all the facts in it. For technical information, I may never purchase another 'For Dummies' book.
1 Comment 45 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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By E on February 16, 2011
Format: Paperback Verified Purchase
DO NOT purchase the ebook version! The ad claims it "comes with" the CD containing forms yet when you order the ebook there is no available download and they cannot provide the CD. As far as I'm concerned that is false advertising! I want my money back!
4 Comments 23 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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