This book is a good guide for you to follow if you want to enter into business and you are not sure how to go about it. It indicates the advantages that an LLC has over other forms of businesses like sole proprietorships, partnerships and even corporations. You will also learn how to operate within the law and yet avoid unnecessary expenses through taxation and administrative costs. In a nutshell, this book takes you through the basics of forming an LLC and answers most of the questions that disturb a new investor. The information in the book leaves you feeling confident of being able to initiate your own company, finance it, run it and even distribute profits in a manner that is sustainable.
In this book you will learn:
The basics of forming a limited liability company (LLC)
How to choose a name for your LLC
Where and how to get funding for your LLC
Accounting and bookkeeping of your LLC's financial transactions
The management structure of an LLC
How to run an LLC using the operating agreement
How LLCs are taxed
Your rights as a member of an LLC
Your obligations as a member of an LLC
Things you need to avoid for the success of your LLC
The limitations of an LLC
The simple procedure of changing the LLC's membership
The simple procedure of dissolving an LLC
Reasons that lead to involuntary dissolution and how to handle it
How to get back into business after dissolution of the LLC
The difference between an LLC and a corporation
If you're the owner of a small company that would like to bring in partners or would just like the protection a limited liability company offers, then download today to find out how incorporating can help you!
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A great book, especially for a beginner.