Limited Liability Company: How to Form and Operate Your Own

If you're thinking about forming a limited liability company, this book will help you understand the nooks and crannies of the operation of LLCs so you can successfully establish your company in your own state.

More and more professionals are forming limited liability companies (LLCs) to take advantage of their many benefits. LLCs provide partners with a corporate-style liability shield, protecting them from personal responsibility for the company’s debts and obligations.

This book explains LLCs in detail, helping readers fully understand what an LLC is and how they can benefit from one of their own. Topics covered include:

• What is an LLC?

• What types of companies can become an LLC?

• Advantages and disadvantages of forming an LLC

• Converting an existing business into an LLC

• The basics of LLC membership

• The importance of an operating agreement

• Conducting and managing an LLC

• Special tax considerations

The enclosed CD-ROM contains the blank forms you will need to form an LLC in your state, together with an example of how each form would be completed. Forms are in MS Word format for easy completion on your computer.