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ISBN: 1551804034Издательство: Self-Counsel Press
More and more professionals are forming limited liability companies (LLCs) to take advantage of their many benefits. LLCs provide partners with a corporate-style liability shield, protecting them from personal responsibility for the company's debts and obligations. This book explains LLCs in detail, helping readers to fully understand what an LLC is and how they can benefit from one. Topics covered in this book include: What is an LLC? What types of companies can become an LLC? Advantages and disadvantages of forming an LLC, converting an existing busines to an LLC, the basics of LLC membership, the importance of an opening agreement, conducting and managing an LLC, and special tax considerations.