The Limited Liability Company


Author: Phillip L. Jelsma,Pamela Everett Nollkamper
Publisher: LexisNexis
ISBN: 1949517128
Category: Law
Page: N.A
View: 6479

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The Limited Liability Company provides authoritative guidance on efficiently forming and expertly advising LLCs. The book and the Digital Access library are filled with practical advice, hundreds of forms, tax considerations, state-by-state analysis, and more. This edition includes state-specific updates pertaining to the Bipartisan Budget Act, which took effect on January 1, 2018 and impacts LLC audit rules. Further, LLCs affected by the Act may need to amend their operating agreements for tax compliance and to insert strategic cash flow provisions. NEW AND UPDATED STATE-SPECIFIC SECTIONS ALSO INCLUDE DISCUSSIONS ON: Arizona – The Arizona Limited Liability Company Act (ALLCA) Delaware – Amendments to the Revised Delaware Limited Liability Company Act Delaware – Series LLcs Delaware – Protected Series LLCs Delaware – Registered Series LLCs Delaware – Dividing (Split) LLCs Delaware – Statutory Public Benefit LLCs Delaware – Mergers Delaware – Conversion Nebraska – The Nebraska Uniform Protected Series Act New Hampshire – Dissolution Oregon – Dissolution Oregon – Articles of Organization Tennessee – Series LLCs Utah – The Utah Benefit Limited Liability Company Act Utah – Benefit LLCs Vermont – Blockchain-Based LLCs Virgin Islands – Local Taxation Wyoming – Series LLCs

How to Form a Limited Liability Company


Author: Margaret C. Jasper
Publisher: Oceana Publications
ISBN: N.A
Category: Law
Page: 155
View: 9708

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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.

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: 9035

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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: 2002

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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.

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: 4382

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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

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: 4488

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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.

Form a Limited Liability Company in Florida


Author: Mark Warda
Publisher: Sphinx Publishing
ISBN: 9781572486218
Category: Business & Economics
Page: 206
View: 1526

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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

With Forms
Author: Mark Warda
Publisher: N.A
ISBN: N.A
Category: Limited partnership
Page: 174
View: 9489

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Limited liability companies combine the protection of a corporation with the tax benefits of a partnership. This book includes all the forms and instructions for forming an LLC in all 50 states, with state-by-state law summaries.

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: 1227

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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.

The LLC and Corporation Start-Up Guide


Author: Mark Warda
Publisher: Sphinx Publishing
ISBN: 9781572486119
Category: Business & Economics
Page: 239
View: 5640

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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.

Laws of Virginia Related to The State Corporation Commission, Corporations, Limited Liability Companies, Business Trusts, Partnerships, Limited Partnerships


Author: Publisher's Editorial Staff
Publisher: LexisNexis
ISBN: 1522158588
Category: Law
Page: N.A
View: 3838

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​LexisNexis brings you Laws of Virginia related to the State Corporation Commission, Corporations, Limited Liability Companies, Business Trusts, Partnerships, Limited Partnerships. Over 60 relevant sections featuring the latest legislation from the Regular Session of the Virginia General Assembly. Content • Laws Related to The State Corporation Commission • Corporations Law • Limited Liability Company Law • Business Trusts Law • Partnerships Law • Limited Partnerships Law

Drafting Delaware Limited Liability Company Agreements

Forms and Practice Manual
Author: John M. Cunningham,Vernon R. Proctor
Publisher: Aspen Publishers Online
ISBN: 9780735582682
Category: Law
Page: 1048
View: 3489

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Drafting Delaware LLC Agreements: Forms and Practice Manual provides a comprehensive and sophisticated analysis of the Delaware Limited Liability Company Act from an entity formation viewpoint and sets forth extensive practical guidelines for lawyers planning, negotiating and drafting Delaware LLC agreements. Among other features: The book exhaustively identifies the definitional, mandatory, default and permissive provisions critical in forming Delaware LLCs, and it addresses in detail the more important of these provisions. It contains detailed criteria and practical examples for use in choosing among Delaware LLCs and other types of Delaware entities, including limited partnerships and corporations, in business entity formations ("non-tax choice of entity"). To the authors' knowledge, it provides the most complete analysis of the series LLC provisions of the Delaware Act currently available in LLC literature. It provides in digital form model LLC agreements that address all of the various ownership structures, management structures and tax structures that Delaware LLC formation clients may need--a total of nine agreements for single-member LLCs and 33 for multi-member LLCs. Finally, the book contains plain-English explanations for lawyers who are not tax specialists concerning all principal federal and state tax issues likely to be important to Delaware entity formation clients. A CD containing customizable agreements, for ease of use, along with the full text of the Delaware Limited Liability Company Act is included with your purchase! SPECIAL OFFER... Get the latest monthly edition of Drafting Delaware LLC Agreements: Forms and Practice Manual E-Newsletter. Download your FREE E-Newsletter NOW! The co-authors of the book and E-Newsletter are John M. Cunningham, the author of Drafting Limited Liability Company Operating Agreements (Aspen Publishers), the leading generic (i.e., non-state specific) LLC form book and practice manual; and Vernon R. Proctor, a partner and co-founder of Proctor Heyman LLP, a Wilmington, Delaware business litigation law firm. Mr. Proctor is a member of the Delaware State Bar Association committee that annually updates the Delaware LLC Act and the other Delaware "alternative entity" statutes.

Georgia Corporation and Limited Liability Company Laws, 2015 Edition


Author: Publisher's Editorial Staff
Publisher: LexisNexis
ISBN: 1632843382
Category: Law
Page: N.A
View: 6439

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This handy reference is a concise, compact compilation of selected Georgia statutes pertaining to business entities. Fully indexed, this manual is perfect for both business owners and the attorneys that represent them. Table of Contents includes selections from: • Business Corporations (Title 14, Chapter 2) • Nonprofit Corporations (Title 14, Chapter 3) • Secretary of State Corporations (Title 14, Chapter 4) • Professional Corporations (Title 14, Chapter 7) • Limited Liability Companies (Title 14, Chapter 11) In addition to the statutory content, this critical reference includes appendices that list contact information for the Georgia Secretary of State Corporations Division, as well as the Division's fee and cost schedules and links to web-based forms. The eBook versions of this title feature links to Lexis Advance for further legal research options.

Limited Liability Company for Group Investments


Author: Fred Crane
Publisher: Zyrus Press
ISBN: 9781933990064
Category: Business & Economics
Page: 190
View: 3021

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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.

Symonds and O'Toole on Delaware Limited Liability Companies


Author: Robert L. Symonds,Robert L. Symonds, Jr.,Matthew J. O'Toole
Publisher: Aspen Publishers Online
ISBN: 0735555982
Category: Law
Page: 1402
View: 5404

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Symonds & O'Toole on Delaware Limited Liability Companies by renowned experts Robert L Symonds, Jr. and Matthew J. O'Toole combines practice-based Delaware LLC insights, completely current coverage, and up-to-date forms presented in logical order, allowing you to confidently represent your clients from start to finish. Everything you need to know about Delaware Limited Liability Companies is included in this one easy-to-use reference, complete with Bonus Delaware LLC Forms CD-ROM. Since the 1988 IRS ruling permitting the advantages of pass-through tax reporting, the number of Delaware Limited Liability Companies formed annually has increased at an explosive rate. Symonds & O'Toole on Delaware Limited Liability Companies provides practical evaluation of the Delaware Limited Liability Company, expertly analyzing the most current Delaware LLC law, as well as the underlying principles and reasoning, allowing you to master the specific issues facing Delaware LLC practitioners today, and to find workable approaches to potentially problematic Delaware LLC situations. Symonds & O'Toole on Delaware Limited Liability Companies is the first resource to include complete coverage of all 2006 statutory changes regarding: Filings of Delaware LLC Documents with the Secretary of State Delaware Limited Liability Company management Fundamental Transactions, including Delaware LLC mergers, conversion and consolidation of other entities into the Delaware LLC (and Delaware LLC into other entities) Everything you need to know about a Delaware Limited Liability Company is found in this one easy-to-use reference: Expert "how to" guidance on drafting Delaware Limited Liability Company agreements Extensive Tables covering changes to the Delaware limited Liability Company Act and Delaware LLC case law Delaware LLC Forms for practitioners drafted by experienced practitioners Reliable In-Depth, Expert Coverage of all 2006 Delaware LLC statutory amendments About Authors Robert L. Symonds Jr. and Matthew J. O'Toole: Robert L. Symonds Jr. and Matthew J. O'Toole are shareholders and directors in the Delaware office of Stevens & Lee P.C. Both have broad experience with the structuring and use of Delaware business entities. Mr. Symonds is one of the original drafters of the Delaware Limited Liability Company Act, and is a member of the Delaware State Bar Association's committee charged with reviewing and proposing amendments to the Delaware Statutory Trust Act. Mr. O'Toole is a member of the Council of the Corporation Law Section of the Delaware State Bar Association. Mr. Symonds and Mr. O'Toole both serve on the Delaware State Bar Association's committee that reviews and proposes amendments to Delaware's Limited Liability Company and Partnership Statutes, and Mr. Symonds is immediate past Chair of that committee.

Limited Liability Companies For Dummies


Author: Jennifer Reuting
Publisher: John Wiley & Sons
ISBN: 1118856597
Category: Business & Economics
Page: 360
View: 4752

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Become a savvy entrepreneur with your own LLC Limited Liability Companies For Dummies, 3rdEdition offers a clear, concise guide that explains the prosand cons of LLCs, and shares insider tips on everything fromchoosing your members and your company name to creating and filingyour Articles of Organization and managing day-to-day operations.You'll find the most current, real-world advice on customizing anLLC for your specific business needs, creating a great operatingagreement,, keeping accurate records, and new information onfederal regulations and fees that are applicable to LLCs, as wellas a link to online tools, forms, and documents Most of the previous drawbacks to forming an LLC have all butdisappeared with the IRS having loosened restrictions andindividual states following suit. Because LLCs are now moreflexible, they remain an attractive option for those launching anew business or reorganizing an existing business. This book showshow 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 toolsthat streamline the processes Get up-to-the minute documents and forms on new filingrequirements Learn how to set-up a real estate LLC or an LLC among familymembers This hands-on guide addresses everything you need to know aboutLLCs, and will help you organize, launch, and run your business asa limited liability company just like the experts do!