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Home > Business & Economics > Business General & Other > Limited Liability Companies For Dummies-eBook

Limited Liability Companies For Dummies

Reuting, Jennifer

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Limited Liability Companies For Dummies

Limited Liability Companies (LLCs) are hybrid business structures that provide entrepreneurs and prospective business owners with personal asset protection, plus the tax advantages and operational flexibility of a partnership. It's one of the easiest and most inexpensive forms of ownership to organize, but is it right for everyone? "Limited Liability Companies For Dummies" shares insider insight on the specific rules and requirements that vary based on location, as well as expert tips on saving on taxes, structuring the partnership, converting an existing company to an LLC, finding professional help when needed, and even dissolving a company when the time is right. The accompanying CD-ROM enables readers to quickly and accurately prepare all the paperwork their state requires, virtually ensuring an LLC starts off on the right foot.

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Title of ebook: Limited Liability Companies For Dummies
ISBN: 9780470262238
Publisher: For Dummies
Internet download file size: 6100 kb
Pages: 360
Released online for download: 01-07-2008
Author of eBook: Reuting, Jennifer

Limited Liability Companies For Dummies

Chapter One

What Is an LLC, Really?

In This Chapter

* Understanding LLC basics

* Deciding how to use your LLC

* Creating your plan

Limited liability companies have been generating a lot of buzz in the news lately - and for good reason. It's almost as if the corporate gods have smiled upon us and decided to improve upon the corporation and give us the LLC (the acronym for limited liability company). Where the corporation fails, the LLC prevails.

Think of the LLC as a merger of the partnership and the corporation, except it has the best of both worlds - all the good qualities of each and none of the bad. It offers full limited-liability protection to all the owners (like the corporation), yet has a pass-through tax status (like the partnership). In addition, the LLC has a second layer of liability protection that shi ... read full excerpt from Limited Liability Companies For Dummies ebook