Download Limited Liability Companies For Dummies, by Jennifer Reuting
Download Limited Liability Companies For Dummies, by Jennifer Reuting
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Limited Liability Companies For Dummies, by Jennifer Reuting
Download Limited Liability Companies For Dummies, by Jennifer Reuting
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From the Back Cover
Learn to: Flex your entrepreneurial muscles during a time of economic uncertainty Understand the pros and cons of the LLC structure Manage the day-to-day operations of an LLC Grasp updated information on regulations, taxes, and fees for LLCs Start and effectively manage a limited liability company with this easy-to-use guide For many small businesses, an LLC is the perfect structure, but how should you get started, and how do you make sure to stick to regulations? This book answers those questions and more! It provides a fun, detailed approach to creating an LLC, keeping records, putting together an operating agreement, managing your new LLC, and much more. The ABCs of LLCs — find out what a limited liability company is, how it can benefit you, and whether it’s the right structure for your business Take your first steps — get the details on creating articles of organization, choosing a state to organize in, and converting your current business to an LLC The structure of LLCs — put together your operating agreement and choose how you wish to be taxed Run the show — get the details of record keeping, understanding tax filings, and the lowdown on successfully running your LLC The next level — dive into more advanced topics like using LLCs to protect real estate and other assets, and for estate planning One step further — explore the best reasons to form an LLC and how to keep your limited liability protection in place Open the book and find: The details of LLCs and their advantages New information on federal regulations and fees Tips on creating your articles of organization Guidance on making an operating agreement Record-keeping tips to keep you organized How LLCs can benefit independent contractors Tricks to attracting investors with your LLC
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About the Author
Jennifer Reuting founded Incorp Services, a corporate structuring firm specializing in LLCs, in 2001. It currently ranks third in the industry, with thousands of clients nationwide and 52 offices throughout the U.S.
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Product details
Series: For Dummies
Paperback: 360 pages
Publisher: For Dummies; 3 edition (September 2, 2014)
Language: English
ISBN-10: 1118852982
ISBN-13: 978-1118852989
Product Dimensions:
7.3 x 0.9 x 9.1 inches
Shipping Weight: 1 pounds (View shipping rates and policies)
Average Customer Review:
4.1 out of 5 stars
106 customer reviews
Amazon Best Sellers Rank:
#15,040 in Books (See Top 100 in Books)
Reuting's book is a decent introduction to starting and operating an LLC. After reading it, expect that you will either have to 1) hire professionals to help plan your LLC, or 2) do a bunch of online research to supplement the book. This isn't really a criticism of the book itself... I just think it's important to set reader expectations. This book will give you a starting point; you WILL have to do more work to establish your LLC.It's hard for a book to stay on top of all of the state laws and regulations. Like a lot of books, it proposes to fill the gap with online content. Practically speaking, this isn't a practical alternative unless the book is a huge best seller... an author just can't justify the time to keep all that information up to date. In this case, there are a several online articles, and coverage of a few states in the key topic areas.LLCs for Dummies would benefit from more detailed coverage of operating agreements, worksheets to help readers actually plan and run their LLC, and (especially) references to external business resources that will be kept up to date for key topics. (examples include the SBA and IRS at the federal level)
Limited Liability Companies For Dummies, like most of the "Dummies" books, quickly gets down to business and succinctly covers all the basic terms and issues involving forming your own LLC. I found it to be very helpful in understanding the subject of LLC formation. The book promotes MyLLC.Com as a LLC formation service, with discount coupon code. There are a lot of on-line formation services out there but I went ahead and used MyLLC and had a very good experience. If you're setting up a one person LLC or simple service company this book will probably be all you need to get going. If your company plans involve many partners, silent partners, or large amounts of capital then it might be best to consult an attorney. But the book is still worth reading before beginning the process to get you up to speed on topics, issues and terms. For me it was all I needed to form my own LLC. RECOMMENDED.
As far as I can tell the "special online section for Dummies readers" and offers of help throughout the book are a scam. The stuff listed for state specific content and other things listed there just don't seem to be available and when I requested it of the company associated with it I didn't even get a reply. Oh well, the book itself has been very helpful in gaining an understanding of how to create and feed an LLC and that's the point. Everything listed as available for Dummies readers is pretty readily available online from other sources so it's not a major problem. I'd probably recommend this book to a friend if they were starting an LLC.
A major positive aspect of this book is the infectious enthusiasm of the author for her area of expertise. The reason I returned the book is that the Online Resource Center, mentioned profusely throughout the book, promises to provide essential state-specific information, but none of the links work. The author mentions these resources on almost every page, stating that she keeps the resources updated, so they are a big deal and presented as an integral part of the material. I purchased a "New" latest, 3rd edition of this book for full price, and would have only expected this problem had it been an earlier, used edition from a third-party seller.
Covered many basics of LLCs but IMHO, Ms. Reuting's ploy of "Setting up the booby trap" on page 281 is off the mark. She believes that a creditor that receives a charging order from an LLC will have to pay income tax on undistributed profits of the LLCs. She forgets that a charging order is only a lien on the LLC's distributions. (This is the same story told by investment marketers.) A creditor does not pay taxes on the repayment of debt. The debtor will have the tax liability on his LLC share of profits. Page 281 needs to be revised. That is my two cents.
I bought this book along with several others to educate myself on LLCs. In combination with other material it is a well written simple compliment that explains in easily understood terms the benefits of the LLC. I found the chapter on state laws to be especially intriguing. I also discovered that I can file the LLC in a state other than where I live for more benefits and then register to transact business in my home state.Big plus is an optional service the author offers for consultation, etc.
Best book I've ever read...for someone starting a new business with no experience or knowledge regarding such, this book was a huge help! The author is awesome, very intelligent, experienced, funny, and speaks to me on my level. Offers links to gather additional info when necessary, suggests outside sources for more info, and consultations with other professionals ect. if needed. I have a very good basic understanding of how to start the business I've dreamed of and feel confident going forward in doing such, plus I know where to look to get additional support and info. Awesome book.
Really annoyed that the online content and state specific info promised and referred to constantly in the book doesn’t work.
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