Limited Liability Companies For Dummies

There’s no better time than now to start a new business and tap into the power of the LLC

LLCs For Dummies is your comprehensive guide to limited liability companies. You’ll explore whether an LLC is the right business structure for your business, how to set up a corporate structure and membership, and the best ways of managing an LLC. Author Jennifer Reuting explains the pros and cons of LLCs and shares insider tips on choosing members, selecting a company name, creating and filing Articles of Organization, managing day-to-day operations, and beyond. This updated edition covers all the latest tax and regulatory information, plus new laws that make it more attractive than ever to start your own business. You’ll also find real-world advice on customizing your LLC for your specific business needs, creating a great operating agreement, keeping accurate records, and filing the proper paperwork with Uncle Sam.

• Learn to start a new business by founding a limited liability company (LLC)
• Get a handle on the differences between LLCs and other business structures, including state-specific tips
• Keep up on the latest information on federal taxes, regulations, and fees
• Discover online tools, new documents and forms, and helpful resources

Anyone who wants to learn the best practices of LLC formation, management, and long-term growth will love this beginner-friendly Dummies guide.

Jennifer Reuting is a renowned LLC expert and entrepreneur with more than two decades of experience in guiding individuals and businesses through the complexities of limited liability company formation. As the founder of CorpAssure, she combines her extensive knowledge and practical experience to make the process of forming and running an LLC accessible and straightforward for small businesses and first-time entrepreneurs.

Introduction 1

Part 1: The ABCs of LLCs 7

Chapter 1: What Is an LLC, Really? 9

Chapter 2: LLCs: Handier Than Duct Tape! 23

Chapter 3: Determining Whether an LLC Is Right for You 45

Part 2: Your First Steps: Forming Your LLC 67

Chapter 4: Making a Few Key Decisions 69

Chapter 5: Creating and Filing Your Articles of Organization 97

Chapter 6: Converting Your Current Business into an LLC 109

Part 3: Structuring Your LLC to Work For You 127

Chapter 7: Tell Uncle Sam How It Is! Choosing How You Want to Be Taxed 129

Chapter 8: Make It Official! Getting Started on Your Operating Agreement 143

Chapter 9: Structuring Your Partnership 159

Chapter 10: Using Your LLC to Attract Investors 183

Chapter 11: Membership Moves: Mastering LLC Transfers 197

Part 4: Running Your Brand-New LLC 213

Chapter 12: Maintaining Your Records (and Sanity) 215

Chapter 13: Making Cents of Taxes 229

Chapter 14: Expanding Your Empire: Going National! 243

Chapter 15: Dissolutions: Every Beginning Has an End 253

Part 5: LLCs on Steroids: Advanced Strategies 273

Chapter 16: Using LLCs to Cover Your Ass(ets) 275

Chapter 17: Protecting Real Estate with LLCs 291

Part 6: The Part of Tens 303

Chapter 18: Ten Good Reasons to Form an LLC 305

Chapter 19: Ten Ways to Keep Your Liability Protection Intact 315

Glossary 323

Index 329

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.