Publisher's Synopsis
Featuring updated forms and financial templates now available via download, this comprehensive toolkit provides step-by-step instructions for planning, organizing, forming, operating and maintaining a limited liability company (LLC) in any state. LLCs are one of the most flexible business formations available and for many businesses, offer the best of both worlds. As in partnerships, taxation passes through to the business, avoiding the double taxation problem with corporations. And like corporations, LLCs offer liability protection for owners and their assets. However, LLCs aren't for everyone. To help you make an informed decision, business legal guru Michael Spadaccini provides invaluable insight, offering tips from the pros, practical experience and lists of advantages and disadvantages. This hands-on reference offers: Instructions on how to start and maintain an LLC, including detailed requirements for every state The pros, cons, and uses of different business formations inclusing LLCs, corporations, sole proprietorships, and partnershipe Details on how and when LLCs are best used for minimizing taxes, increasing liability protection and shielding assets Contact information and summaries of incorporations laws for the 50 states and Washington, DC, including requirments and costs for creating LLCs.
