Limited Liability Companies For Dummies

by Jennifer Reuting

What is a limited liability company? How is an LLC different from a corporation? Should you form an LLC for your business? Limited Liability Companies For Dummies, answers all of your questions about LLCs and demystifies the formation and management of these increasingly popular business entities. This clear, concise guide explains the pros and cons of LLCs and shares insider insights on everything from choosing your members and your company name to creating and filing your Articles of Organization, to the day-to-day operation of your LLC. You'll also find valuable tips on creating your Operating Agreement, saving on taxes, and avoiding bankruptcy and fraud. You'll discover all the information you need

Genres: Business, Reference, Law, Nonfiction

384 pages, Paperback

First published November 2, 2007

Reviews

[Joe]

Not really uk suitable. But still some good info.

[Chris Maddox]

I thought the book had some good information, but honestly it only creates more research. I understand that the book is introductory in nature, but I found that much if the information wasn’t needed and a lot of what I did need wasn’t included.

[Sandra The Old Woman in a Van]

This did the basics - answered questions, albeit a bit redundently (I did read it cover to cover and it was described as being appropriate for pick and choose reading by subject, thus explaining the re-itition). My main gripe is that much of the valuable information advertised at Amazon and in the book blurbs is supposedly at a website Rundoc.com. Well this web site hasn’t exosted since 2016. Wiley, the publisher, didn’t respond to my questions, and the author’s other business website did, but only to say it was Wiley’s issue. Yet at the back of the book the author claims credit for creating the rundoc website. Soooooo - she has to shoulder some of the responsibility, but I am sure it is nicely sheltered in an LLC. The other issue I had was the author’s constant snark at California. CA is not the only high tax state - not by any means, and she didn’t call out NY or NJ or other staes once. Not sure what her issue with CA is, but she does seem to have film company clients so maybe that is it. Anyway - a useful introduction, but now I have a lot more deeper work to do. Not one stop shopping as I hoped the book would be.

[Fountain Of Chris]

This is the right combination of information-packed, yet written in an accessible and amusing-enough style. I wish my MBA textbooks had been more like this. I will certainly need to refer back to certain sections for some of the legal and tax details, but even a single pass-through was extremely informative, without being the slog that a long book about LLCs could have been. The narrator of the audiobook version did a fabulous job.

[Keith Belvin]

Very informative read. I needed the info to get the info to set up my second LLC, this one will be in Delaware.

[L J Pierson]

A good reference tool for a new small business. Filled with helpful advice.

[Maureen Neylon]

Just used for reference on a couple of issues. Very general, Not a lot of details or tips for my purposes.

[Mark Bunch]

This is a great start on the journey. Gives you the answers you need to begin. I encourage anyone to use this tool.

[Michael]

Exhaustive to the point of tedium. I'm usually a fan of audiobooks, but for this one I'd recommend thumbing through the print edition.

[grundoon]

3.5 I needed to brush up on LLCs, and this first edition was handy. Overall it is a fairly good introduction and touches upon most major topics, though will likely raise more questions than knowledge level for anybody with prior exposure to business operations. Given the broad landscape and myriad situations and "for Dummies" style, I did not expect a thorough treatment, but a few case studies beyond a paragraph or two would have been helpful. As a primer, I'd happily round up to 4 stars, assuming the subsequent edition was revised even just enough to address a couple of noticed omissions and clarify some potentially erroneous information.

[February Four]

Too used-car-salesman for my liking. The "go register your trademark" exhortation was hard enough to swallow, but when the discussion of Nevada and Wyoming trod dangerously close to "incorporate here to give a finger to Uncle Sam" (tone, not actual wording) I dropped the book. I was reading it hoping for some extra information to round out what I get from Nolo's books, but it looks like the For Dummies franchise isn't what it used to be.

[David]

Generally don't care for the "for dummies" books but this one I liked. It explained everything in a non-dry manner and in just the right amount of depth for someone totally new to the concept of LLCs.

[Darrick Mitchell]

I really was a person not familiar when it comes to running a business. Learn, learning and keep learning when it comes to business. If you don't get it at first read it again. Learn from other peoples mistakes. Take notes. This is one of my favorite books when it comes to business.

[Andrew]

A really good overview of the process involved behind starting up a LLC. Also the author does a decent job of laying out the case for choosing LLC vs other business types.

[Paul Ohlson]

Great resource!

[Dustin]

It barely touches on many important topics...which is frustrating.

[Michael]

As usual, a very helpful book.

[Varina Denman]

A very informative book. I learned the basics about LLCs in an easy-to-understand format. I'll probably refer back to it as I start my own LLC.

[Fred Byus]

Useful.

[Sirah]

Suitably informative. A good start. Very repetitive, but it’s designed to be easy to reference. The web links didn’t work tho.

[Megan Markie]

Not everything related to me as I’m from the UK not USA - but did have some good points