How to Form a Limited Liability Company


Author: Margaret C. Jasper
Publisher: Oceana Publications
ISBN: N.A
Category: Law
Page: 155
View: 986

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The Limited Liability Company, commonly referred to as a LLC, has become a popular organizational structure for small businesses that want to combine the limited liability advantage of incorporation with the pass-through taxation feature of the sole proprietorship or partnership. This almanac, written in a user-friendly fashion, discusses the nature of the LLC and sets forth the basic requirements for setting up an LLC, which includes naming your business, completing your LLC Articles of Organization, filing your paperwork and paying your fees. This almanac also discusses the creation of an LLC operating agreement which sets forth the financial and managerial rights and responsibilities of the members of the LLC, including capitalization, allocation of losses, distribution of profits, and dissolution of the LLC. Finally, this Almanac also discusses converting an existing business into an LLC, the formation of a professional limited liability company, and the ability of a foreign (out-of state or country) LLC to do business in a particular state. The Legal Almanac series serves to educate the general public on a variety of legal issues pertinent to everyday life and to keep readers informed of their rights and remedies under the law. Each volume in the series presents an explanation of a specific legal issue in simple, clearly written text, making the Almanac a concise and perfect desktop reference tool.

The Limited Liability Company


Author: Phillip L. Jelsma,Pamela Everett Nollkamper
Publisher: LexisNexis
ISBN: 1945421185
Category: Law
Page: N.A
View: 6394

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For guidance on efficiently forming and expertly advising LLCs, turn to The Limited Liability Company. Model formation and operation documents, drafting tips, sample client letters, comparison charts, IRS revenue rulings and more. The authors discuss each state act separately in a detailed state-by-state analysis that includes checklists and forms.

Guide to Limited Liability Companies


Author: Tom Cody,Dem A. Hopkins,Lawrence A. Perlman,Linda L. Kalteux
Publisher: CCH
ISBN: 9780808017844
Category: Business & Economics
Page: 376
View: 9995

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This revised handbook provides a concise discussion of the limited liability company (LLC), the popular alternative business form for small- and medium-sized enterprises that strategically combines the pass-through tax advantages and operational flexibility of the partnership with the limited liability of the corporation. The Guide explains, in clear language, key information about the benefits available within the LLC format, and a synopsis of each state's LLC statute enables you to quickly identify relevant planning opportunities or potential pitfalls. Book jacket.

Limited Liability Companies


Author: Thomas A. Humphreys
Publisher: Law Journal Press
ISBN: 9781588520777
Category: Law
Page: 584
View: 7279

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Liability Partnerships explains why the LLC and LLP are taking the place of Subchapter S and Subchapter C for all but very large, publicly held companies.

The Limited Liability Company in Ohio

1994 Senate Bill 74
Author: Jeanne M. Rickert,John D. Currivan
Publisher: Banks-Baldwin Law Publishing Company (A West Publishing Affiliated Company
ISBN: 9780832205040
Category: Law
Page: 450
View: 750

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Starting a Limited Liability Company


Author: Martin M. Shenkman,Samuel Weiner,Ivan Taback
Publisher: John Wiley & Sons
ISBN: 9780471226642
Category: Business & Economics
Page: 306
View: 3947

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With Starting a Limited Liability Company you?ll learn how an LLC can work for you and exactly what you need to do to set up and operate one. The updated second edition features completely revised and updated planning strategies, and new chapters on the one-member liability company, estate planning, home businesses, and more. You?ll also find: Expert guidance on applying LLCs to operating a business, estate planning, protecting assets, real estate acquisitions, professional practices, avoiding ancillary probate, and venture capital operations Plans and strategies for converting partnerships into LLCs and combining LLCs and trust planning A detailed glossary, along with checklists and loads of sample legal forms that simplify the process

Form a Limited Liability Company in Florida


Author: Mark Warda
Publisher: Sphinx Publishing
ISBN: 9781572486218
Category: Business & Economics
Page: 206
View: 9068

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Let this book guide you through the process of understanding what an LLC is and whether it's right for you, filling out necessary forms, and making smart business decisions to establish your LLC in Florida.

How to Form a Limited Liability Company


Author: Mark Warda
Publisher: Sphinx Publishing
ISBN: 9781572482227
Category: Business & Economics
Page: 179
View: 881

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A guide to forming a limited liability company offers information on start-up procedures, tax regulations, and state-by-state LLC statutes.

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: 9071

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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.

Drafting Limited Liability Company Operating Agreements


Author: John M. Cunningham,Vernon R. Proctor
Publisher: Aspen Publishers Online
ISBN: 1454822341
Category: Business & Economics
Page: 1922
View: 2619

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Aspen Publishers' new Third Edition of Drafting Limited Liability Company Operating Agreements provides crystal-clear analysis and hands-on guidance from John M. Cunningham, one of the acknowledged leaders in the field. You'll find virtually everything you need to negotiate, draft, and fine-tune LLC operating agreements for all basic types of LLCs--member-managed, manager-managed, single-member, and multi-member--in any U.S. jurisdiction! Drafting Limited Liability Company Operating Agreements, Third Edition identifies the 10 main stages of the LLC formation process and gives you detailed, practice-oriented comments on each. In addition, you'll find valuable "red flags" spotlighting common pitfalls and risks; the text of key federal tax materials, including the "Check-the-Box Regulations" and the IRS's guidelines on the application of the Self-Employment Tax to LLC members; and the current text of the Delaware Limited Liability Company Act . Drafting Limited Liability Company Operating Agreements, Third Edition ensures that you're prepared to handle all legal and tax aspects of the LLC formation process including fiduciary issues and other critical business organization law issues facing the managers of multi-member LLCs ; multi-member LLC partnership tax issues; the unique legal and tax issues confronting owners of single-member LLCs; hidden issues in drafting articles of organization; and the complex issues of legal ethics when representing two or more clients in forming multi-member LLCs. To assist in your analysis, you'll find a comprehensive survey of the rapidly expanding body of federal and state LLC case law-- complete with clear summaries of the cases and indexes by both state and subject matter. Newly updated and expanded, Drafting Limited Liability Company Operating Agreements, Third Edition now offers a timely overview of the more than 1,100 significant LLC cases reported to date, and spotlights those specific cases with which every LLC practitioner should have detailed familiarity. Drafting Limited Liability Company Operating Agreements, Third Edition contains comprehensive, authoritative forms for all basic agreements and contract clauses likely to arise in LLC formations. These forms are designed for use in all 50 states and are accompanied by line-by-line instructions telling you exactly how and when to use them.

State Limited Liability

Company & Partnership Laws
Author: Michael A. Bamberger,Arthur J. Jacobson,Elizabeth S. Miller
Publisher: Aspen Publishers
ISBN: 9781567062564
Category: Law
Page: 6500
View: 1217

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Comprehensive and fully current, this newly-updated six-volume work covers the limited liability company and limited liability partnership laws in all states. The state limited liability company material is organized into separate units, one for each state And The District of Columbia. Specifically for each LLC unit, you will find the following features Practice Guides -- Complete instructions for forming, operating, and dissolving an LLC Statutes -- Selected texts of all 51 limited liability acts And The ABA Prototype and Draft Uniform LLC acts Official Forms -- Current copies of relevant forms for each state and the District of Columbia Annotations -- Digests of federal and state cases are included under the applicable pertinent section of the state statutes The set includes A Practical Guide to Limited Liability Company Laws by Allan G. Donn and A Practical Guide to Registered Limited Liability Partnership Laws by Thomas E Rutledge and Elizabeth G. Hester. State Limited Liability Company Partnership Laws is published under the auspices of the ABA Business Law Section's Committee on Partnerships and Unincorporated Business Associations .

Limited Liability Company & Partnership Answer Book


Author: Alson R. Martin
Publisher: Aspen Publishers Online
ISBN: 0735516774
Category: Business & Economics
Page: 512
View: 8334

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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.

The LLC and Corporation Start-Up Guide


Author: Mark Warda
Publisher: Sphinx Publishing
ISBN: 9781572486119
Category: Business & Economics
Page: 239
View: 5195

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Filled with essential forms and advice, The LLC and Corporation Start-Up Guide will help you avoid problems and save you immeasurable amounts of time, effort and money. The LLC and Corporation Start-Up Guide is a must-have resource for the aspiring business owner who needs to know about organizing or incorporating his or her business. While anyone can start a new business venture, the smart proprietor knows that putting the right legal protections in place isthe most important step for the business. - Learn advantages and disadvantages of setting up a corporation or an LLC - Protect yourself from personal liability - Master start-up procedures and tax regulations that you need to know - Discover step-by-step procedures for setting up your business - Learn how to run your business - Find out how to get more information from your state Additional features include: - Anextensive appendix of the rules, fees, forms, and requirements for starting your own business - Specific information on each of the 50 states - Sample start-up forms Start your business ahead of the game! Mark Warda received his law degree from the University of Illinois in Champaign. He has written or co-authored more than seventy-five titles, including Incorporate in Florida and The Complete Nonprofit Corporation Kit.

Limited Liability Company for Group Investments


Author: Fred Crane
Publisher: Zyrus Press
ISBN: 9781933990064
Category: Business & Economics
Page: 190
View: 5111

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Limited Liability Company for Group Investments will guide you through the details of the life of a typical LLC, from its formation, through its management, to its end in a sale of the investment property.This book will lead you through the complexities of forming and managing an LLC for the purpose of investing in income-producing real estate. This syndication vehicle is available to any real estate investor and is a viable way to gather multiple investors together in order to pool funds and invest in properties that produce higher returns than lesser-valued properties. The objective of Limited Liability Company for Group Investments is to provide you with the knowledge needed to use the LLC entity in group investment programs. With this book, you will develop an understanding of syndication activities and their chronology, the laws governing LLCs, a syndicators earnings, profit-sharing among investors, and the use of investment circulars to solicit investors and LLC operating agreements for managing the investment group. You will learn about investment activities that present a risk of loss controlled by securities law, as well as develop an understanding of the differences between LLCs and tenant-in-common co-ownerships.Armed with the profit-making ideas in this comprehensive book, you will be able to put them to work competently and immediately in the world of real estate investments.

Your Limited Liability Company

An Operating Manual
Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413322611
Category: Business & Economics
Page: 456
View: 1158

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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.