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There's no better time than now to start a new business and tap into the power of the LLC
LLCs For Dummies is your comprehensive guide to limited liability companies. You'll explore whether an LLC is the right business structure for your business, how to set up a corporate structure and membership, and the best ways of managing an LLC. Author Jennifer Reuting explains the pros and cons of LLCs and shares insider tips on choosing members, selecting a company name, creating and filing Articles of Organization, managing day-to-day operations, and beyond. This updated edition covers all the latest tax and regulatory information, plus new laws that make it more attractive than ever to start your own business. You'll also find real-world advice on customizing your LLC for your specific business needs, creating a great operating agreement, keeping accurate records, and filing the proper paperwork with Uncle Sam.
* Learn to start a new business by founding a limited liability company (LLC)
* Get a handle on the differences between LLCs and other business structures, including state-specific tips
* Keep up on the latest information on federal taxes, regulations, and fees
* Discover online tools, new documents and forms, and helpful resources
Anyone who wants to learn the best practices of LLC formation, management, and long-term growth will love this beginner-friendly Dummies guide.
List of contents
Introduction 1
Part 1: The ABCs of LLCs 7
Chapter 1: What Is an LLC, Really? 9
Chapter 2: LLCs: Handier Than Duct Tape! 23
Chapter 3: Determining Whether an LLC Is Right for You 45
Part 2: Your First Steps: Forming Your LLC 67
Chapter 4: Making a Few Key Decisions 69
Chapter 5: Creating and Filing Your Articles of Organization 97
Chapter 6: Converting Your Current Business into an LLC 109
Part 3: Structuring Your LLC to Work For You 127
Chapter 7: Tell Uncle Sam How It Is! Choosing How You Want to Be Taxed 129
Chapter 8: Make It Official! Getting Started on Your Operating Agreement 143
Chapter 9: Structuring Your Partnership 159
Chapter 10: Using Your LLC to Attract Investors 183
Chapter 11: Membership Moves: Mastering LLC Transfers 197
Part 4: Running Your Brand-New LLC 213
Chapter 12: Maintaining Your Records (and Sanity) 215
Chapter 13: Making Cents of Taxes 229
Chapter 14: Expanding Your Empire: Going National! 243
Chapter 15: Dissolutions: Every Beginning Has an End 253
Part 5: LLCs on Steroids: Advanced Strategies 273
Chapter 16: Using LLCs to Cover Your Ass(ets) 275
Chapter 17: Protecting Real Estate with LLCs 291
Part 6: The Part of Tens 303
Chapter 18: Ten Good Reasons to Form an LLC 305
Chapter 19: Ten Ways to Keep Your Liability Protection Intact 315
Glossary 323
Index 329
About the author
Jennifer Reuting is a renowned LLC expert and entrepreneur with more than two decades of experience in guiding individuals and businesses through the complexities of limited liability company formation. As the founder of CorpAssure, she combines her extensive knowledge and practical experience to make the process of forming and running an LLC accessible and straightforward for small businesses and first-time entrepreneurs.
