Limited Liability Companies For Dummies

Limited Liability Companies For Dummies
by Jennifer Reuting

Limited Liability Companies For Dummies
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Book Summary Information

Author: Jennifer Reuting
Edition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-11-28
ISBN: 0470173289
Number of pages: 384
Publisher: For Dummies

Book Reviews of Limited Liability Companies For Dummies

Book Review: Great introduction to LLCs!
Summary: 4 Stars

I ordered this book after thinking about starting a real estate rental company. I've looked around at other books and read a bunch of reviews, and so far I've found this one to be the best introductory book that isn't half-filled with standard forms and filler (those forms come on the included CD).

The book specifically suggests how to form an LLC for real estate businesses, so it was perfect for me. The author goes on to say that everyone should form an LLC to protect their assets from personal lawsuits (which, while expensive in some states, not a bad idea). The chapters are self contained and cross referenced so you can jump around to what's pertinent to you, and it's easy to jump from setting up ownership (chapter 2) to how to cancel membership shares (chapter 10).

The only thing that could be better about the book is more information on state-specific laws and regulations. There's an appendix section on different state fees and franchise taxes, but that's about it.

It's easy to read and things are put in layman's terms, but that's not to say it's dumbed-down. If you own a small business or are thinking of starting one, buy this book. It's definitely worth the price and the time it takes to read.

Oh, and buy a highlighter!

Summary of Limited Liability Companies For Dummies

What is a limited liability company? How is an LLC different from a corporation? Should you form an LLC for your business? Limited Liability Companies For Dummies, answers all of your questions about LLCs and demystifies the formation and management of these increasingly popular business entities.

This clear, concise guide explains the pros and cons of LLCs and shares insider insights 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. You'll also find valuable tips on creating your Operating Agreement, saving on taxes, and avoiding bankruptcy and fraud. You'll discover all the information you need to:

  • Decide if an LLC is right for you
  • Get the help you need to form your LLC
  • Form your LLC in or out of your own state
  • Lower LLC costs and fees
  • Convert an existing company to an LLC
  • Comply with state and local licensing issues
  • Use your LLC to protect your assets
  • File annual reports and research franchising fees
  • Issue membership shares
  • Dissolve or extend an LLC
  • Control LLC assets and debt
  • Keep your LLC intact

Packed with winning strategies for streamlining your business, protecting your assets, and passing your estate on to your heirs, Limited Liability Companies For Dummies gives you the power and the knowledge to take full advantage all the benefits your LLC has to offer.

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