Publisher's Synopsis
Owning a Limited Liability Company (LLC) has many benefits. It's flexible, relatively easy to establish and manage, and it can be an effective way to protect your personal assets from business debts and liabilities. But setting up a successful LLC can be a complex process, and understanding the many rules and regulations that govern LLCs is essential.
LLC for Beginners covers all the basics you need to know to make an informed decision when considering this form of business. Specifically, it will:
- Explain why an LLC is the preferred choice for many entrepreneurs and why it is beneficial
- Walk you through the process of creating an LLC, from selecting a name to filing the proper forms
- Detail the different taxation options, how to convert an existing business into an LLC, and precautions to take when forming an LLC
- Cover the particularities of forming a real estate LLC
- Compare LLCs to other structures and discuss when they're the most advantageous
- Summarize common mistakes to avoid and provide key recommendations, so you can get off to the right start
Whether you're starting a business from scratch or looking to convert an existing business into an LLC, this book has the information you need ensure success.
