Limited Liability Companies for Dummies

Become a savvy entrepreneur with your own LLCLimited Liability Companies For Dummies, 3rd Edition offers a clear, concise guide that explains the pros and cons of LLCs, and shares insider tips on everything from choosing your members and your company name to creating and filing your Articles of Organization and managing day-to-day operations. You'll find the most current, real-world advice on customizing an LLC for your specific business needs, creating a great operating agreement, keeping accurate records, and new information on federal regulations and fees that are applicable to LLCs, as well as a link to online tools, forms, and documentsMost of the previous drawbacks to forming an LLC have all but disappeared with the IRS having loosened restrictions and individual states following suit. Because LLCs are now more flexible, they remain an attractive option for those launching a new business or reorganizing an existing business. This book shows how to form and tap into the power of an LLC:* Keep up on the latest information on federal taxes, regulations, and fees* Discover the advances in technology, including online tools that streamline the processes* Get up-to-the minute documents and forms on new filing requirements* Learn how to set-up a real estate LLC or an LLC among family membersThis hands-on guide addresses everything you need to know about LLCs, and will help you organize, launch, and run your business as a limited liability company just like the experts do!Limited Liability Companies For Dummies, 3rd Edition (9781119602187) was previously published as Limited Liability Companies For Dummies, 3rd Edition (9781118852989). While this version features a new Dummies cover and design, the content is the same as the prior release and should not be considered a new or updated product.

List of contents

Introduction 1Part 1: The ABCs of LLCs 7Chapter 1: What is an LLC, Really? 9Chapter 2: LLCs: More Handy Than Duct Tape! 23Chapter 3: Determining Whether an LLC is Right for You 45Part 2: Your First Steps: Forming Your LLC 69Chapter 4: Playing -- and Winning -- the Name Game 71Chapter 5: Choosing the Best State for Your LLC 87Chapter 6: Creating and Filing Your Articles of Organization 99Chapter 7: Converting Your Current Business into an LLC 117Part 3: Structuring Your LLC 135Chapter 8: Tell Uncle Sam How It Is! Choosing How You Want to Be Taxed 137Chapter 9: Make It Official! Getting Started on Your Operating Agreement 151Chapter 10: Structuring Your Partnership 167Chapter 11: Using Your LLC to Attract Investors 191Chapter 12: Doing the Membership Shuffle 203Part 4: Running Your Brand-New LLC 217Chapter 13: Maintaining Your Records (And Your Sanity) 219Chapter 14: Making Cents of Taxes 233Chapter 15: Expanding Your Empire: Going National! 245Chapter 16: Dissolutions: Every Beginning Has an End 255Part 5: LLCs on Steroids: Advanced Strategies 275Chapter 17: Using LLCs to Cover Your Assets 277Chapter 18: Protecting Real Estate with LLCs 295Part 6: The Part of Tens 305Chapter 19: Ten Good Reasons to Form an LLC 307Chapter 20: Ten Ways to Keep Your Liability Protection Intact 317Glossary 325Index 331

About the author

Jennifer Reuting founded InCorp Services, a corporate structuring firm specializing in LLCs, in 2001. It is currently the fourth largest national registered agent service provider in the country, with thousands of clients nationwide and offices throughout the U.S.

Summary

Become a savvy entrepreneur with your own LLC

Limited Liability Companies For Dummies, 3rd Edition offers a clear, concise guide that explains the pros and cons of LLCs, and shares insider tips on everything from choosing your members and your company name to creating and filing your Articles of Organization and managing day-to-day operations. You'll find the most current, real-world advice on customizing an LLC for your specific business needs, creating a great operating agreement, keeping accurate records, and new information on federal regulations and fees that are applicable to LLCs, as well as a link to online tools, forms, and documents

Most of the previous drawbacks to forming an LLC have all but disappeared with the IRS having loosened restrictions and individual states following suit. Because LLCs are now more flexible, they remain an attractive option for those launching a new business or reorganizing an existing business. This book shows how to form and tap into the power of an LLC:
* Keep up on the latest information on federal taxes, regulations, and fees
* Discover the advances in technology, including online tools that streamline the processes
* Get up-to-the minute documents and forms on new filing requirements
* Learn how to set-up a real estate LLC or an LLC among family members
This hands-on guide addresses everything you need to know about LLCs, and will help you organize, launch, and run your business as a limited liability company just like the experts do!

Limited Liability Companies For Dummies, 3rd Edition (9781119602187) was previously published as Limited Liability Companies For Dummies, 3rd Edition (9781118852989). While this version features a new Dummies cover and design, the content is the same as the prior release and should not be considered a new or updated product.

Product details

• Authors: J Reuting, Jennifer Reuting, Reuting Jennifer
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 31.10.2019
• EAN: 9781119602187
• ISBN: 978-1-119-60218-7
• No. of pages: 368
• Subjects: Guides > Law, job, finance; Non-fiction book > Politics, society, business > Business administration, companies; Social sciences, law, business > Business > Management; Wirtschaft, Business & management, Wirtschaft u. Management, Allg. Wirtschaft u. Management