If you run your own business, you've probably heard about limited liability companies. Business owners who operate LLCs aren't personally liable for business debts. But is an LLC right for you?
Nolo's Quick LLC provides essential information for business owners in every state. It explains, in plain English, the advantages and drawbacks of forming an LLC - including limiting your personal liability.
the ongoing legal and tax paperwork that's required
Practical, concise and easy to read, the 4th edition of Nolo's Quick LLC provides the latest facts, figures and tax information you need to know about this valuable business option.
Download Description
"If you are wondering whether or not a limited liability company is right for you, Nolo's Quick LLC is the book to grab. Written by LLC expert Attorney Anthony Mancuso, this book shows you, in plain English, the advantages and drawbacks of forming an LLC, and how the LLC compares with running a business as a corporation, partnership or sole proprietorship. It explains: how LLCs are formed by filing Articles of Organization with the state the Operating Agreement, which details the legal rights and responsibilities of LLC members and managers how you can choose between a member-run or manager-run LLC important tax options that qualify an LLC for partnership tax treatment -- an essential benefit of forming an LLC the required ongoing legal and tax paperwork Practical, concise and easy to read, the 3rd edition of Nolo's Quick LLC provides vital - and the latest - information you need to know about this valuable business option.
Customer Reviews:
Useful and Easy to Understand.......2007-10-07
I am currently in the process of creating my own LLC at the time writing this review. The book is very helpful to understand the process and the things I will have to worry about from a legal and also tax perspective. I hired a lawyer for the company creation before I bought the book and have now the feeling that I could be doing it without paying a lawyer. However, the book made me realize that there is a lot of paperwork involved in the process and the lawyer will do all that work for me, which saves me a lot of time.
I am currently very busy preparing everything for the daily business operation to come so I do not regret my decision of using a lawyer. If time is not too much of a problem, but saving the cost for a good corporate lawyer is, this book will be able to help you to get the process done by yourself.
For people like me, who use a lawyer is the book still helpful, because there are a lot of things to consider and know about, after your LLC was created. It will serve me well in the years to come. I am sure about that.
Quick easy read, Great Information!.......2007-08-05
I read this whole book on a flight from Miami to Seattle. I had just started an LLC through a Lawyer and wanted to get an idea of how to put together the Operating Agreement. This book had a great Operating Agreement example in the back. It also had simple examples for each scenario that helped me understand the best type of LLC set-up for my business. Nolo's Quick LLC covered everything I needed to know in an easy format to read and reference. After reading, I felt I was able to discuss my ideas intelligently with my lawyer and ask him questions I would have never thought of before.
An excellent manual essential not only to business owners.......2007-07-07
Most in business have learned the term 'limited liability company' - but few know what this means, let alone how to tailor a business as a LLC and to understand if and when such a structure would apply. NOLO'S QUICK LLC, 4TH EDITION provides all the basics to operating an LLC, from choosing different structures and understanding differences between a LLC and a corporation to handling legal and tax paperwork. The result is an excellent manual essential not only to business owners, but to business libraries seeking an easy yet comprehensive reference.
Informative, Provides a Framework, A Bit Conservative.......2007-02-12
Having just established my own Limited Liability Company (LLC), I wanted a book that would define what a LLC is in the framework of other business models, including tax and legal implications. I wanted to ensure that a LLC was the best fit for me. That is exactly what this book did, and it did it well.
If you are thinking of starting your own business an a LLC, but are not sure of which business model to use (Sole Propertiorship, LLC, Parternship, S-Corp, C-Corp), this book will help inform you of the pros and cons of LLCs, and how they fit into the overall legal and tax structure.
The only reason I rated this book at 4 stars instead of 5 stars, is that it scared me a bit in regards to the legal and tax requirements, without providing enough detail to give me a grasp on why the requirements were in effect. Having also been in contact with a certified tax expert and accountant while I was reading this book, I learned that this book errs on the side of being very conservative, or even a bit scary, in regards to legal and tax requirements. So I would advise anyone who gets this book to also balance it out by reading a more aggressive book about saving money on taxes and operating an LLC legally.
After reading this book, I also read "Your Limited Liability Company, An Operating Manual" by the same author. That book provides in depth detail on the day-to-day running of an LLC. It helped me tremendously. However, this book is also conservative when it comes to saving money on taxes.
Overall, both books are great reads.
Very Helpful Book, Helped Me Decide That An LLC Is Right For ME!.......2006-12-04
This book was not a disappointment by any means. I wanted to learn if forming an LLC was right for me and by the end of reading the book, I knew it was. Nolo's book was surprisingly easy to read and understand. Although the writer is a lawyer, he writes in every day speak and makes the concepts as easy to understand as possible. The book is also more entertaining then one might think. The only thing I would have liked to see as part of this book is a step by step list of who to contact to form the LLC including any forms or at least a link to forms you would need to complete the task. Overall, if you want to learn about LLC's and decide if the business form is right for you, then this is the right book to choose.
Book Description
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 3rd edition is completely updated and revised to include the latest laws and forms for all 50 states, and provides new insight as to how the 2003 federal tax act affects small businesses and their owners.
Download Description
"The step-by-step guide to running your LLC! 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 shows you 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 4th edition is completely updated and revised to include the latest laws and forms for all 50 states. "
Customer Reviews:
Excellent Business Course.......2007-09-26
This book is very complete and easy to understand. I needed a book that shows me how run my LLC with minimal effort and how to avoid legal trouble, and this book did just that. I highly recommend this book to others who are new at running this type of corporation and don't want to pay a lawyer or subscribe to Internet corporation maintenance services. With this book you can fly solo.
Your Limited Liability Company: An Operating Manual.......2006-11-11
After you have formed your company as an LLC this book is a must. It has all the forms that you will ever need to create a paper trail for your LLC company, and how to do it without having an official meeting every time you want to make a major company decision. All you have to do is to modify the forms to fit your needs. I have given copies of the cover to my attorneys, bookkeepers and friends, to help pass the information along to their clients. This is a must have book!!!
good reference.......2006-06-24
This is a great book to own if you have or are thinking of starting an LLC. I've used many of the forms. The layout of the book is well-organized. Forms are easy to find on the CD. The tips in the book are very useful. I reference this book often. Highly recommended.
Good Resource Guide.......2003-12-31
This book provided me with the essential information an LLC owner needs to avoid trouble with the IRS and the courts. This book contains a lot of practicle information, useful forms and many real life examples. It covers meeting minutes preparation, record keeping and the updated Federal 2003 Tax Act. This is a must book for any LLC owner!
Can't imagine many people need this book........2003-11-21
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.
Book Description
"One of the best business books of the year!" -Library Journal
Includes the Limited Liability Company
The Bestselling Guide to Incorporating Your Business-Updated and Expanded for the New Millennium
- Should I Incorporate?
- Which Form of Corporation Is Best for My Business and Long-term Goals?
- What Additional Legal Liabilities Do I Assume When I Incorporate?
- What Are the Tax Laws Concerning Corporations and How Do I Take Full Advantage of Them?
- How Do I Form a Corporation?
Get detailed answers to these and every other question you have about incorporating your business in How to Incorporate, Fourth Edition. Attorneys Michael Diamond and Julie Williams weigh the pros and cons of incorporating and help you choose the form of corporation that's best for you. They tell you how to structure your corporation for maximum legal, tax, and business advantage. And they supply you with a gold mine of sample forms-including tax forms and preincorporation, shareholder, and voting trust agreements-along with step-by-step instructions on how to fill them out.
Covering all the latest changes in the laws regarding corporations and partnerships, and featuring a critical new chapter on the limited liability company, How to Incorporate, Fourth Edition gives you the most up-to-the-minute information, advice, and guidance on:
- When to form a standard incorporation and when to go with an alternative, such as Subchapter S, partnerships, limited liability companies, and proprietorships
- How to make statutory requirements work to your advantage
- Executive compensation and how to take tax-free benefits out of your corporation
- How to handle special agreements, securities laws, forms of incorporation, stockholders, dividends, and more
- How to complete IRS forms, take minutes, create bylaws, and post notices of meetings
- How to use incorporation forms for many different states as well as forms for general use based on the Model Business Corporation Act
. . . and much more to give you the how, why, and when of incorporating in today's fast-paced business world.
Customer Reviews:
Good book on incorporating your business.......2003-12-01
How to Incorporate is an excellent book to show the average guy how to incorporate. It is an easy read and packed with good information.
Some other books you will want to read are Form Your Own Corporation and Launch a Business In Any State by J.W. Dicks, Inc. Yourself by Judith McQuown and Incorporating Your Business for Dummies by The Company Corporation. For more information on S-Corporations, How To Form A S-Corporation by Robert Cooke is the best book that I have found and the one most recommended by successfult business people.
Technical and Well Rounded.......2001-03-16
This book is basically a textbook, as it contains a lot of the details that are common to incorporation in any state. While the authors have stayed general enough to remain in an interstate appeal, they have still covered almost every legal aspect of incorporating, WITHOUT giving advice as to what you should do. Also covered are: sole proprietorships and limited liability coporations/partnerships and more. Good buy if you want a good cursory understanding of business vehicles. I recommend it. Please vote if this did help you.
An excellent addition to any entrepreneurýs library.......2000-07-06
This book is excellent! I have a Ph.D. and an MBA and have taken a lot of courses and read lots of books, business and otherwise. This text summarizes a lot of important information into a small book. This is not for simpletons, rather it gives important information for anyone wishing to incorporate.
Covers important topics, a little confusingly written.......1999-04-15
It's really helpful in that it covers a bunch of the basic points. Ironically, I wish it focused on the tax implications of losses (to be expected in startups) as much profits :). I also found some of the writing confusing -- like in covering LLCs, it compares some facets of them to other corporate before really explaining how they work. But I liked the book, thinking it basically helps me have a more informed conversation with a lawyer, which I think is essential (since regulations change so fast, and can be state-specific).
Gave me some basic ideas on incorporating our small business.......1997-06-04
It answered a lot of questions I had about incorporating our small business. However, it would be an even better book had there been a chapter dedicated to what can be written off along with what percentage of the total cost or value of things. This always seems to be a gray area. Overall, it was a very informative book
Book Description
From a break-down of stock options, to deep discount NSOs, from an explanation of employee pension plans, to an in-depth look at SEC disclosure rules, this title covers all possible scenarios one might consider when answering the potentially difficult question - "How should employees be compensated in a manner reflective of the value they bring to an organization?" In an engaging and important text, authors Joseph Bartlett, Ross Barrett and the VC Experts contributing editor board, guide readers through the wealth of options and consequent issues one must consider in responding to such a question. With extensive and insightful commentary throughout, as well as a handful of model forms, agreements and plans, and concluding with the most comprehensive glossary of private equity and venture capital terms - an extensive collection of words, phrases, rules and legislation - this title offers a candid glimpse into what need not be a daunting world of Executive Compensation Structures. The book includes the following content:
Book Description
Limited liability companies (LLCs) are a hybrid business form that combines owner liability protection similar to that of a corporation with the tax treatment and administrative ease of a partnership. To help business owners access the protections of LLCs without the burdens and formalities of forming a corporation, this easy-to-use book/CD-ROM package explains how to get started and maintaining a LLC, with detailed requirements for every state.
Customer Reviews:
Great book for starting an LLC with no idea where to start.......2006-06-30
The book broke each step down into easy-to-understand instructions. Great inforamtion on each State. Documents are also included for every aspect of the business (contracts, letters, HR forms...). I am now a partner in an LLC and it was a painless process thanks to this book.
Book Description
The authors argue that the rules and practices of corporate law mimic contractual provisions that parties would reach if they bargained about every contingency at zero cost and flawlessly enforced their agreements. But bargaining and enforcement are costly, and corporate law provides the rules and an enforcement mechanism that govern relations among those who commit their capital to such ventures. The authors work out the reasons for supposing that this is the exclusive function of corporate law and the implications of this perspective.
Customer Reviews:
CLASSICAL BOOK.......2006-07-12
Es un libro de obligada lectura en materia de Derecho de sociedades de capital. Se puede decir que se ha convertido en pocos años en un "clásico" del Corporate Law.
Big Waste!.......2001-05-10
Don't buy this book unless you like fiction. And bad fiction at that. This book contains absolutely no analysis (like all of this author's writings).
A classic of the field.......2001-01-12
Easterbrook and Fischel collected a series of law review articles into the classic text on the contractarian theory of corporate law. During the 1980s, E&F were two of the corporate law academy's enfants terribles. Their articles were provocative, yet insightful. They raised a lot of hackles, yet did ground-breaking work. Both E&F have gone on to bigger and better things. Easterbrook is now a judge on the US 7th Circuit. Fischel is dean of the UChicago law school. "The Economic Structure ..." stands as their legacy for corporate law.
Like other contractarians, E&F model the firm not as an entity, but as an aggregate of various inputs acting together to produce goods or services. Employees provide labor. Creditors provide debt capital. Shareholders initially provide equity capital and subsequently bear the risk of losses and monitor the performance of management. Management monitors the performance of employees and coordinates the activities of all the firm's inputs. The firm is simply a legal fiction representing the complex set of contractual relationships between these inputs. In other words, the firm is not a thing, but rather a nexus or web of explicit and implicit contracts establishing rights and obligations among the various inputs making up the firm.
The nexus of contracts model has important implications for a range of corporate law topics, the most obvious of which is the debate over the proper role of mandatory legal rules. As a positive matter, contractarians contend that corporate law in fact is generally comprised of default rules, from which the parties to the set of contracts making up the corporation are free to depart, rather than mandatory rules. As a normative matter, contractarians argue that this is just as it should be. E&F devote the bulk of this text to tweaking out these implications across an array of important topics, such as limited liability and insider trading.
Their analysis is not flawless. As but a single example, E&F consistently opt for the so-called majoritarian default. Their basic thesis is that by providing the rule to which the parties would agree if they could bargain, society facilitates private ordering. Majoritarian defaults are not always desirable, however, even if a potentially dominant one can be identified. Sometimes penalty defaults are preferable. Penalty defaults are designed to impose a penalty on at least one of the parties if they fail to bargain out of the default rule, thereby giving at least the party subject to the penalty an incentive to negotiate a contractual alternative to the penalty default. They force the parties to choose affirmatively the contract provision they prefer. Penalty defaults are appropriate where it is costly for courts to determine what the parties would have wanted. In such cases, it may be more efficient for the parties to negotiate a term ex ante than for courts to determine ex post what the parties would have wanted.
Having said that, however, this remains one of the most significant monographs on corporate law. I highly recommend it for an corporate lawyer's bookshelf.
Coase Applies; Coase is Right ..........1999-01-30
The classic exposition of law and economics in the corporate field. This book consolidates and expands upon several law review articles written in the early 1980s that have reshaped how corporate and securities law and policy have developed. If you want heavier economic analysis, this book is lacking, but if you want *structure* and *framework* then this book is ideal.
Book Description
The only book devoted to the most important business decision you'll make.
Your company has grown-- now it's time to upgrade your legal structure to something that will protect you and your assets, as well as provide other benefits. In other words, your business is ready to become either a corporation or a limited liability company.
The question is, "Which one?" The answer isn't always clear -- but because your choice will affect the legal and tax status of your business, it's the most important question you'll answer.
LLC or Corporation? will help you make the right choice with plain-English explanations of:
what to do if you conduct business out of state
Making the right choice will affect your bottom line in many ways -- from what you pay for taxes, to your ability to seek money from investors. The book also provides conversion and formation scenarios that provide a real-world look at all the options available to you.
The 2nd edition is completely updated with the latest laws regarding business structures and taxes.
Download Description
"LLC or Corporation? is devoted to the most important business decision you'll make. Your company has grown, and you're ready to upgrade your legal structure to something that will protect you and your personal assets while providing other benefits. In other words, your business is ready to become either a corporation or a limited liability company. The question is, ""Which one?"" The answer isn't always clear -- but because your choice will affect the legal and tax status of your business, it's the most important question you'll answer. LLC or Corporation? will help you make the right choice with plain-English explanations of: the basics of business entities how each business entity protects you from personal liability profits, losses and tax treatment converting from one type of business entity to another what to do if you conduct business out of state Making the right choice will affect your bottom line in many ways -- from what you pay for taxes, to your ability to seek money from investors. The book also provides conversion and formation scenarios that provide a real-world look at all the options available to you. "
Customer Reviews:
LLC Book review.......2007-01-09
Very useful book for those who know little about the topic. Breaks down information well and will get you up to speed prior to consulting someone with legal expertise (I recommend).
Highly recommended for anyone confronted with the title question .......2005-07-04
Attorney and business-law expert Anthony Mancuso presents LLC or Corporation? How to Choose the Right Form For Your Business, an in-depth guide to making the right choice when one's company has grown to the point where its legal structure needs to be upgraded to something that will protect one's assets and provide tax benefits. The question of "corporation or limited liability company?" isn't clear-cut, but since it will directly affect the legal and tax status of one's business, it is a crucial question indeed. LLC or Corporation? covers all aspects of this decision, including concerns of doing business out-of-state, money issues and personal liability concerns, converting a partnership or a sole proprietorship to another entity, converting an LLC to another entity, converting, dissolving or selling a corporation, and much more. Highly recommended for anyone confronted with the title question - it is much better to get all the facts and make an informed decision now than expend an excess of time and effort cleaning up after a mistaken choice later.
Book Description
`Alan Bryman has expanded on his internationally well-known work on Disney theme parks and Disneyization to create a fascinating and highly readable book. It should prove of interest to beginning students in a number of different courses and fields, as well as to scholars interested in culture and consumption. There is no question that the model created by Disney, and emulated in whole or in part by many organizations and in many settings, will continue to influence social structure and culture well into the future. This is an important book about a significant social process. And, it manages to be a fun read, as well!' -
George Ritzer, author of McDonaldization and Professor of Sociology, University of Maryland
`Bryman's analysis of contemporay consumption is full of detail and provides a host of examples ranging from restaurants and hotels, to theme parks, zoos and sports stadia. Without doubt students will find it an accessible text, one that should allow them to think about consumption, familiar consumer products, settings and activities, sociologically'
- Barry Smart, Professor of Sociology, University of Portsmouth
`Bryman's dissection of Disneyization is a timely and significant contribution to the growing literature on Disney. In fact, his excellent analysis of the extension of Disneyization throughout society explains why we should care about the Disney phenomenon at all. This is not only an important book for Disney scholars, but for any one interested in the future of modern society' -
Janet Wasko Professor of Communication Studies, University of Oregon
This is an agenda-setting new work in the sociology of culture and modern society. It argues that the contemporary world is increasingly converging towards the characteristics of the Disney theme parks. This process of convergence is revealed in: the growing influence of themed environments in settings like restaurants, shops, hotels, tourism and zoos; the growing trend towards social environments that are driven by combinations of forms of consumption: shopping, eating out, gambling, visiting the cinema, watching sports; the growth in cachet awarded to brands based on licensed merchandise; and the increased prominence of work that is a performance in which the employees have to display certain emotions and generally convey impressions as though working in a theatrical event. This insightful book demonstrates the importance of control and surveillance in consumer culture.
Of interest to a wide variety of students studying in business, sociology, cultural studies, media studies and leisure studies courses this will also be of interest to anybody interested in understanding the intricacies of modern society.
Average customer rating:
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The Company Town: Architecture and Society in the Early Industrial Age
Manufacturer: Oxford University Press, USA
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ASIN: 0195070275 |
Book Description
Built by industrialists whose early businesses contributed to the escalation of the Industrial Revolution, company towns flourished in countries that embraced capitalism and open-market trading. In many instances, the company town came to symbolize the wrecking of the environment, especially in places associated with extractive industries such as mining and lumber milling. Some resident industrialists, however, took a genuine interest in the welfare of their work forces, and in a number of instances hired architects to provide a model environment. Overtaken by time, these towns were either abandoned or caught up in suburban growth. The most thorough-going and only international assessment of the company town, this collection of essays by specialists and authorities of each region offers a balanced account of architectural and social history and provides a better understanding of the architectural and urban experiences of the early industrial age.
Book Description
Nuts and bolts, step-by-step guides to organizing an LLC or corporation in a specific state
The most comprehensive books on the market, How to Form a (State) Corporation or LLC includes a discussion of the varieties of business organizations and the advantages and features of state-specific organization. It also provides specific information on the unique aspects of organizing and operating a business in the specific state, including:
- The steps to incorporation
- The steps to organizing an LLC
- Operating a corporation or LLC in the specific state
All the fundamental questions a business owner might have when considering the formation of either an LLC or Corporation in each of these states is answered. Each book includes the following state-specific model documents:
- Articles of Incorporation
- Corporate Bylaws
- Corporate Minutes
- California-approved forms
Each also includes references and online legal resources, special state-specific insider tips and tricks, and a bonus CD-ROM with more than199 customizable business forms.
Customer Reviews:
Not comprehensive.......2006-06-28
I purchased this book to help me in the incorporporation process of a C-corp, and must say that while it does provide a lot of information, it's far from being sufficient in taking you step by step through the process.
Just when you think you'll be able to pull this off with his guidance alone, Finck will tell you to "get an attorney experienced in security matters", rather then going deeper into securities laws, or at least mentioning what Regulation D, Rule 504 is. (Not that it's his fault, but after meeting with 5 business lawyers that a small business could afford, the advice proved hard to follow as well!)
Truth is, the process itself is more complicated than can be covered in just 126 pages. The rest of the book is allocated to forms, at least one of which has a mistake in it. Finally, I wouldn't call the forms CD complete without the pages of a Corporate Kit. How hard would it be to include a stock ledger?
Does What an Attorney Does For LOTS Less Money.......2005-08-19
If you go to an attorney to get him to set up a corporation, he will ask you a bunch of questions, write down the answers and get his secretary or paralegal to type these answers into their standard corporation form on their word processor. She will then press the print button and you get billed for a thousand dollars or so.
Kevin Finck is a San Francisco attorney practicing law in California. He decided to take his standard corporate form and put it out in the form of a book. In the book he will ask you a bunch of questions, taking the time to point out the alternatives (that a lawer probably doesn't do unless asked. You then take his standard corporation form (supplied on a CD) and fill in the answers. Files these with the appropriate offices and you have a corporation for only the filing fees the state charges. The forms used here have been used thousands of time to form California corporations. This is a new book (May 2005), it reflects the latest changes in California law. New corporations rarely have any excess money. Doing this work yourself will literally save the corporation hundreds of dollars that your organization probably doesn't have.
Even if you prefer to use an attorney, going through this book, filling out the forms, and then simply asking him to review the forms will save you a lot of money.
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Your Limited Liability Company: An Operating Manual (book with CD-Rom)
How to Use Limited Liability Companies & Limited Partnerships
Form Your Own Limited Liability Company (book with CD-Rom)
Profits, Taxes & LLCs (Series 200: Investors & Businesses)
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