LLC or Corporation?

Choose the Right Form for Your Business
Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413325483
Category: Business & Economics
Page: 288
View: 5402

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Choose the legal entity with the best legal and tax advantages Whether you are starting a new business or thinking about an existing one, the big question is "which legal structure is best?" The answer has important legal and tax consequences. LLC or Corporation? explains: the basics of all business entities why sole proprietorships and partnerships are usually a poor choice how to avoid being personally liable for business debts how profits and losses are taxed in all business entities how to convert from one business entity to another, doing business beyond your state. Making the right choice will affect your bottom line in many ways -- from what you pay in taxes to your ability to seek money from investors. LLC or Corporation? is packed with real-world examples to help you make the best choice for your company.

Choosing the Right Legal Form of Business

The Complete Guide to Becoming a Sole Proprietor, Partnership, LLC, Or Corporation
Author: P. K. Fontana
Publisher: Atlantic Publishing Company
ISBN: 1601383010
Category: Business & Economics
Page: 288
View: 9940

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According the United States Small Business Administrationâe(tm)s most recently released date, there are more than 9 million small businesses in the United States and almost 250,000 new ones started every year. Of those new businesses, half will fail in the first 12 months and part of that failure is due to the lack of information about how to start and develop that business. Without the right legal form of business, you may end up paying too much in taxes, failing to comply with certain laws, or miss out on certain breaks that you deserve. This book provides you with a complete guide, discussing all four major forms of business, which one is right for you, and how your decision may affect you in the future. The first thing you will read about is the list of non-legal issues you need to deal with before you start the business creation process. In addition, you will learn which form of business is ideal for your particular situation with a short overview of each type, a comparison of what each offers, and how the legal implications of each might apply to you. You will learn specifically how to choose between an LLC and a corporation in instances where it might not be immediately clear which is best for you. You will also learn which special business structures are best suited to your needs if you do not fit into any of the four primary categories. The process of structuring a partnership is outlined, along with how to create a written agreement and how to change a partnership after the business has been created. You will also learn how to create a corporation, including the structure you will use, how to establish financing, the compensation you will provide yourself, whether you need a lawyer, the 13 step process of starting and filing your corporation, and what you need to do immediately afterwards. The number of members needed to create an LLC is provided as well, along with how to structure management and determine financing and compensation. Hours of careful interviews were conducted with successful small business owners and legal experts to help create a comprehensive collection of materials that will guide you through the processes above, as well as how to handle transition of ownership and the extended process of naming your business âe" including the legal implications of this process, what you need to know about trademarks and service marks, how to protect your own trademarks, and where to do name searches. The licensing and permit processes, as well as the tax structures for each business type, are included for federal, state, and local laws, while additional information is provided on how to build your home-based business as opposed to one in a physical location. If you are looking to create a new business and do not know which format is best for your needs, this book will walk you through each step of the selection process, making sure your new business meets all applicable laws and regulations.

How to Form Your Own California Corporation


Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413323359
Category: Business & Economics
Page: 288
View: 8473

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• The ultimate do-it-yourself guide contains all the step-by-step instructions and forms readers need to form their own corporation in California and save thousands of dollars in lawyer fees • Lots of advice and information on corporate law, including tax information and rules on offering and selling stock • Includes all the forms you need to incorporate and bylaws for your new corporation

Your Limited Liability Company

An Operating Manual
Author: Anthony Mancuso
Publisher: Nolo
ISBN: 141332262X
Category: Business & Economics
Page: 512
View: 1045

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Your Limited Liability Company gives you everything you need to maintain the legal validity of your LLC before the courts and the IRS. It helps you approve and document important legal, tax, and business decisions to create a paper trail that avoids legal trouble. The book shows you how to: prepare minutes of meetings record important legal, tax, and business decisions handle formal record keeping fill out an LLC Records Book Your Limited Liability Company provides all the documentation you'll need, including: minutes written consents checklists over 50 ready-to-use resolutions This book has downloadable interactive forms.

Limited Liability Company & Partnership Answer Book


Author: Alson R. Martin
Publisher: Aspen Publishers Online
ISBN: 0735516774
Category: Business & Economics
Page: 512
View: 829

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For most companies, doing business as a limited liability company or partnership offers significant benefits. Limited Liability Company & Partnership Answer Books easy-to-read Q&A format makes clear and accessible both the legal rules and important business decisions regarding LLCs and LLPs. with more than 300 authoritative answers, you'll understand how to: Custom design an LLC or LLP that provides liability protection to principals and agents -- and one-time taxation of revenueWeigh the pros and cons of converting your business to an LLC or LLPCapitalize on the operational, tactical, and strategic advantages of converting to an LLC or LLPEnsure compliance with the IRS and avoid 'double taxation' of revenuesSet up accurate and efficient tax and accounting systemsUse a family limited partnership or LLC in business succession planning Plus, this practical handbook contains a state-by-state listing of statutory provisions regarding structure and organization; registration procedures and filing fees; a comparison chart of the LLC, LLP, regular and S corporation, limited partnership, and general partnership; and model operating agreements.

Incorporate Your Business

A Step-by-Step Guide to Forming a Corporation in Any State
Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413323928
Category: Business & Economics
Page: 320
View: 5074

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Form a corporation in any state, quickly and easily. Forming a corporation has many advantages, including limiting your personal liability. With the step-by-step instructions in this book, the process is straightforward and easy to accomplish. Incorporate Your Business clearly explains how to form a corporation in any state. It includes all the sample forms and information you need to prepare articles of incorporation and bylaws. It also fully discusses the advantages and tax consequences of incorporating your business, including: Limited liability Business owners limit their personal liability by incorporating, because they aren’t responsible for business debts and court judgments. Tax advantages Especially for smaller businesses, the ability to split income between yourself and your corporation can significantly lower your overall tax burden. Employee perks Owners of a corporation who also work for it can take advantage of significant financial benefits like equity plans, stock options, corporation-paid insurance, and more. Incorporate Your Business provides the forms you need, including articles of incorporation, bylaws, minutes, stock certificates and resolutions. This new edition is revised and updated to cover all changes in state, federal, and tax law.

Forming an LLC: In Any State


Author: Michael Spadaccini
Publisher: Entrepreneur Press
ISBN: 1599181053
Category: Business & Economics
Page: 360
View: 497

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Set up an LLC with expert advice and save yourself the money and hassle of an attorney Professional legal advice from an experienced attorney and the experts at Entrepreneur magazine guides you through setting up a limited liability corporation. Attorney Michael Spadaccini details how to choose the most appropriate business entity and walks you through the process of planning, formation, and operation.The CD-ROM provides invaluable forms to organize an LLC, including documents that would cost thousands of dollars if drafted by an attorney, and customizable financial templates. Recent developments in LLC laws are covered in detail. Reference tables for all 50 states and Washington, D.C., give entrepreneurs the information they need to select the most beneficial state—including state-specific laws, formation requirements, and costs.

Limited Liability Companies For Dummies


Author: Jennifer Reuting
Publisher: John Wiley & Sons
ISBN: 1118856597
Category: Business & Economics
Page: 360
View: 8802

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Become a savvy entrepreneur with your own LLC Limited Liability Companies For Dummies, 3rd Edition offers a clear, concise guide that explains the pros and cons of LLCs, and shares insider tips on everything from choosing your members and your company name to creating and filing your Articles of Organization and managing day-to-day operations. You'll find the most current, real-world advice on customizing an LLC for your specific business needs, creating a great operating agreement,, keeping accurate records, and new information on federal regulations and fees that are applicable to LLCs, as well as a link to online tools, forms, and documents Most of the previous drawbacks to forming an LLC have all but disappeared with the IRS having loosened restrictions and individual states following suit. Because LLCs are now more flexible, they remain an attractive option for those launching a new business or reorganizing an existing business. This book shows how to form and tap into the power of an LLC: Keep up on the latest information on federal taxes, regulations, and fees Discover the advances in technology, including online tools that streamline the processes Get up-to-the minute documents and forms on new filing requirements Learn how to set-up a real estate LLC or an LLC among family members This hands-on guide addresses everything you need to know about LLCs, and will help you organize, launch, and run your business as a limited liability company just like the experts do!

The Small Business Start-Up Kit

A Step-by-Step Legal Guide
Author: Peri Pakroo
Publisher: Nolo
ISBN: 1413324746
Category: Business & Economics
Page: 360
View: 2911

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Everything you need to start a business, from creating a solid business plan and selecting a marketable name to business contracts, taxes, and reaching customers online.

How to Form a Nonprofit Corporation (National Edition)


Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413318975
Category: Business & Economics
Page: 344
View: 7728

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The process of becoming a tax exempt organization may appear intimidating, but with How to Form a Nonprofit Corporation, you can do it quickly, easily, and with confidence. This bestselling book includes complete instructions for obtaining federal 501(c)(3) tax exemption and for qualifying for public charity status with the IRS. It will help you: . complete an IRS tax exemption application . prepare articles of incorporation . write the bylaws of your nonprofit . fill in minutes of the organizational meeting . understand your state’s specific nonprofit requirements This edition is completely updated to reflect the latest changes in the law, and includes contact information for finding updated state specific instructions. You'll also get information on new online services and options related to forming your nonprofit. Plus, all the forms you need are included in this complete guide. Forms are available to download at nolo.com.

How to Form a Nonprofit Corporation in California


Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413324061
Category: Business & Economics
Page: 392
View: 6568

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Form a California nonprofit corporation Tens of thousands of arts groups, educators, social service agencies, environmental groups and others have used this bestselling book to form their California nonprofit. Your group can, too. Obtaining 501(c)(3) tax-exempt status has just become a lot easier with the new IRS Form 1023-EZ streamlined application. Use this book to form your California nonprofit corporation and obtain your federal and state tax exemptions. We provide step-by-step instructions for both the Form 1023 and the new easier Form 1023-EZ. How to Form a Nonprofit Corporation in California shows you how to: choose a corporate name and structure prepare and file nonprofit articles with the state of California qualify as a 501(c)(3) public charity obtain your federal and California tax exemptions create bylaws set up a corporate records book prepare minutes of your first board meeting and handle postincorporation filings and tasks. This new edition is completely updated to cover changes to the law.

Nolo's Guide to Single-Member LLCs

How to Form & Run Your Single-Member Limited Liability Company
Author: David M. Steingold
Publisher: Nolo
ISBN: 1413323278
Category: Business & Economics
Page: 184
View: 300

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Easy to form and operate, SMLLCs combine some of the most desirable features of older, more traditional business structures like corporations, partnerships, and sole proprietorships. Steingold provides an overview of everything you need to decide whether an SMLLC is the right choice for your business.

Designing Your Life

How to Build a Well-Lived, Joyful Life
Author: Bill Burnett,Dave Evans
Publisher: Knopf
ISBN: 110187533X
Category: Self-Help
Page: 272
View: 6661

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#1 New York Times Bestseller At last, a book that shows you how to build—design—a life you can thrive in, at any age or stage Designers create worlds and solve problems using design thinking. Look around your office or home—at the tablet or smartphone you may be holding or the chair you are sitting in. Everything in our lives was designed by someone. And every design starts with a problem that a designer or team of designers seeks to solve. In this book, Bill Burnett and Dave Evans show us how design thinking can help us create a life that is both meaningful and fulfilling, regardless of who or where we are, what we do or have done for a living, or how young or old we are. The same design thinking responsible for amazing technology, products, and spaces can be used to design and build your career and your life, a life of fulfillment and joy, constantly creative and productive, one that always holds the possibility of surprise. "Designing Your Life walks readers through the process of building a satisfying, meaningful life by approaching the challenge the way a designer would. Experimentation. Wayfinding. Prototyping. Constant iteration. You should read the book. Everyone else will." —Daniel Pink, bestselling author of Drive “This [is] the career book of the next decade and . . . the go-to book that is read as a rite of passage whenever someone is ready to create a life they love.” —David Kelley, Founder of IDEO “An empowering book based on their popular class of the same name at Stanford University . . . Perhaps the book’s most important lesson is that the only failure is settling for a life that makes one unhappy. With useful fact-finding exercises, an empathetic tone, and sensible advice, this book will easily earn a place among career-finding classics.” —Publishers Weekly From the Hardcover edition.

Start Your Own Import/Export Business

Your Step-By-Step Guide to Success
Author: The Staff of Entrepreneur Media
Publisher: Entrepreneur Press
ISBN: 1613083629
Category: Business & Economics
Page: N.A
View: 6730

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Importing and exporting are trillion-dollar industries — but that doesn’t mean they’re just for big business. In fact, small businesses make up about 96 percent of this field. Get your share of an ever-expanding economy with the essential advice in this top-selling guide. As a successful import/export agent, you can net a healthy six-figure income by matching buyers and sellers from around the globe, right from your own home. This book is loaded with valuable insights and practical advice for tapping into highly lucrative global markets. You’ll learn every aspect of the startup process, including: • Choosing the most profitable goods to buy and sell • Setting up and maintaining a trade route • Using the internet to simplify your transactions • How the government can help you find products and customers • Essential trade law information to keep your business in compliance • How to choose a customs broker • The latest government policies • Proven methods for finding contacts in the Unites States and abroad Tricks of the trade from successful importers/exporters and hundreds of valuable resources help you become a player in the lucrative world of international exchange.

Incorporate Your Business

A Step-by-Step Guide to Forming a Corporation in Any State
Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413321585
Category: Business & Economics
Page: 320
View: 4019

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Clear explanations on how to form a corporation in any state in the United States.

Nolo's Quick LLC

All You Need to Know About Limited Liability Companies (Quick & Legal)
Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413323472
Category: Business & Economics
Page: 224
View: 1932

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Our current economic climate has led many people to start their own businesses – by choice, necessity, or a little of each. And since everyone wants to limit their personal liability when starting a business, LLCs have become very popular. This book simplifies LLC concepts and helps the reader decide whether to form an LLC or some other type of business entity.

How to Start and Run Your Own Corporation

S-corporations for Small Business Owners
Author: Peter I. Hupalo
Publisher: H C M Pub
ISBN: 9780967162447
Category: Business & Economics
Page: 208
View: 9177

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"How To Start And Run Your Own Corporation" begins where many incorporation books leave off. Peter Hupalo, author of "Thinking Like An Entrepreneur," teaches you the basics of corporate business structure. "How To Start And Run Your Own Corporation" will help you understand: * Which Business Structure Might Be Best For You * How To Decide Between An S-Corporation And A LLC * How To Choose Your State Of Incorporation * How To Form Your Own Corporation * S-Corporations * Par Value And No Par Value Stock * Issuing Shares * Stock Basis * Valuing A Small Business Corporation * Financing A Corporation Through Equity And Loans * Attracting Angel Investors For Your Corporation * Shareholder S-Corporation Basis And The AAA * Filling Out The 1120S Corporate Income Tax Return * Special Issues For One-Person Corporations * The Role of Bylaws And Corporate Minutes * The Role of Directors And Officers * Withdrawing Money From Your Corporation * Social Security/Unemployment Insurance On Officer Salaries * Qualified Retirement Plans, SIMPLE-IRA, SEP-IRA * The One-Person 401(k) * Worker's Compensation Exemption For Officers * How To Minimize Your Taxes * How To Prevent Your Corporate Shield From Being Pierced * Tax Saving Strategies For Your Corporation

Legal Guide for Starting & Running a Small Business


Author: Fred S. Steingold
Publisher: Nolo
ISBN: 141332407X
Category: Business & Economics
Page: 456
View: 468

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This book is for current and aspiring entrepreneurs, as well as managers and other key small business employees, who want a practical and comprehensive guide to business laws without paying a fortune in legal fees. The book helps owners and managers successfully start and run a small business, from raising startup money to protecting personal assets to negotiating leases and contracts.