Ingram Publishing Services Get LLC answers and learn the basics of limited liability companies
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, so their personal assets are generally not at risk. But is forming an LLC right for you?
Nolo's Quick LLC provides essential information for business owners in every state. In plain English, it explains the advantages and drawbacks of forming an LLC -- including limiting your personal liability. Find out about:
the unique legal features of LLCs, including limited personal liability for owners
who should and shouldn't -- form an LLC
how to choose among an LLC, corporation, partnership or other business form
choosing between a member-run or a manager-run LLC
how LLCs are taxed
how to manage multiple-owner LLCs, and
the ongoing legal and tax paperwork that's required.
Practical, concise and easy to read, this edition of Nolo's Quick LLC provides the latest facts, figures and updated tax information you'll need to know about this structure for your small business Our current economic climate has led many people to start their own businesses – by choice, necessity, or a little of each. And since everyone wants to limit their personal liability when starting a business, LLCs have become very popular. This book simplifies LLC concepts and helps the reader decide whether to form an LLC or some other type of business entity.