World Famous Comics: Nolo's Quick LLC: All You Need to Know About Limited Liability Companies
Nolo's Quick LLC: All You Need to Know About Limited Liability Companies
By: Anthony Mancuso Publisher: NOLO Average Rating: Binding: Paperback Label: NOLO Number of Items: 1 Number of Pages: 212 Publication Date: February 28, 2007
Product Description: Written by America's leading LLC expert!
If you run your own business, you've probably heard about limited liability companies. Business owners who operate LLCs aren't personally liable for business debts. But is an LLC right for you?
Nolo's Quick LLC provides essential information for business owners in every state. It explains, in plain English, the advantages and drawbacks of forming an LLC - including limiting your personal liability.
Nolo's Quick LLC covers:
who should - and shouldn't - form an LLC
how to operate an LLC easily
choosing between a member-run or a manager-run LLC
LLCs compared to corporations, partnerships and sole proprietorships
how to keep your tax status simple at the start
how to elect corporate tax treatment when (and if) you're ready
the ongoing legal and tax paperwork that's required
Practical, concise and easy to read, the 4th edition of Nolo's Quick LLC provides the latest facts, figures and tax information you need to know about this valuable business option.
Too basic and repetitive I had high hopes for this book but it did not meet my expectations. The book does a decent job explaining the difference between an LLC and other entities like C corp, S corp, general partnerships, etc. However, it does not get to the point about (1) steps needed to file an LLC and the common paradigm of filing in Nevada / Delaware and then registering in your home state, (2) choosing where to file for LLC, or (3) ongoing legal and financial care and feeding of the LLC so you do not "pierce the corporate veil." Basically, the book is very light on specifics and does not justify its price. I am returning it, hoping to find a more thorough guide.
Beware! Does not deliver what it promises- unless you pay more!!! The information in this book seems correct as far as it goes. But the book's subtitle says "All you need to know about limited liability companies." Turns out, though, that to get "all you need to know" you have to buy one or several of their other books, depending on how much of "all" you expected to get! For instance, on page 6/18 (3rd edition) the book directs you to purchase one of their other publications to get information on how to operate your LLC. I could accept this if the cover of the book said "volume 1" or "companion volume to..." but it says "All you need..." For a fairly scant $30 paperback to promise all, then direct me to buy another $30 paperback, is IMHO, a broken promise and a lie.
Useful and Easy to Understand I am currently in the process of creating my own LLC at the time writing this review. The book is very helpful to understand the process and the things I will have to worry about from a legal and also tax perspective. I hired a lawyer for the company creation before I bought the book and have now the feeling that I could be doing it without paying a lawyer. However, the book made me realize that there is a lot of paperwork involved in the process and the lawyer will do all that work for me, which saves me a lot of time.
I am currently very busy preparing everything for the daily business operation to come so I do not regret my decision of using a lawyer. If time is not too much of a problem, but saving the cost for a good corporate lawyer is, this book will be able to help you to get the process done by yourself.
For people like me, who use a lawyer is the book still helpful, because there are a lot of things to consider and know about, after your LLC was created. It will serve me well in the years to come. I am sure about that.
Quick easy read, Great Information! I read this whole book on a flight from Miami to Seattle. I had just started an LLC through a Lawyer and wanted to get an idea of how to put together the Operating Agreement. This book had a great Operating Agreement example in the back. It also had simple examples for each scenario that helped me understand the best type of LLC set-up for my business. Nolo's Quick LLC covered everything I needed to know in an easy format to read and reference. After reading, I felt I was able to discuss my ideas intelligently with my lawyer and ask him questions I would have never thought of before.
An excellent manual essential not only to business owners Most in business have learned the term 'limited liability company' - but few know what this means, let alone how to tailor a business as a LLC and to understand if and when such a structure would apply. NOLO'S QUICK LLC, 4TH EDITION provides all the basics to operating an LLC, from choosing different structures and understanding differences between a LLC and a corporation to handling legal and tax paperwork. The result is an excellent manual essential not only to business owners, but to business libraries seeking an easy yet comprehensive reference.
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