The LLC (Limited Liability Company) Bible: Small Business Formation, Taxes, Accounting & Real Estate

by Daniel Miller

Learn how to start and run an LLC.

Genres: Business, Nonfiction

110 pages, Kindle Edition

Published July 13, 2018

About the author

Daniel Miller is Professor of Anthropology at UCL, author/editor of 37 books including Tales from Facebook, Digital Anthropology (Ed. with H. Horst), The Internet: an Ethnographic Approach (with D. Slater), Webcam (with J. Sinanan), The Comfort of Things, A Theory of Shopping, and Stuff.

Reviews

[Peter Schmeltzer · Rating 1 out of 5]

Unhelpful. Would have appreciated some actual business examples. Seems like it was written by a lawyer or accountant vs a entrepreneur.

[Shadow Moon]

Maybe these books are still useful for some people, but I think now it’s easier to learn everything through quick and structured guides on specialized accounting sites, and it’s just way simpler to work straight through platforms like Skrooge. I try to keep everything as simple as possible, and I don’t have time to go through accounting textbooks.

[Nate Lindgren · Rating 3 out of 5]

Mostly info on partnerships.

[Flynn Ryker · Rating 1 out of 5]

Felt like a tree-way tennis match

I hesitate to say that any book is useless, but I’d encourage you to look elsewhere. The content of this book could be effectively summarized in a few pages with a table. The rest of the content are words to fill and fluff. You truly would be better searching the internet (and I think I spent $5 on the audiobook).

I did learn one thing: vesting schedules for new companies. Outside that, we never even got a “This is what an LLC is” paragraph. Instead, this book makes concrete and hypothetical situations and follows the setup with sentences like, “so you could do and LLC”. Then the next sentence will start talking about S-Corporations, and then that’s followed by C-Corporations, and then maybe a PLLC. It was like listening to a story told by a teen with ADHD and an over exuberant fascination with trains.

As for the sub heading, taxes and real estate were technically referenced. However, no specifics were provided beyond general worldly advice like, “talk to an advisor”.

I guess I really expected there to be a whole chapter on “this is an LLC” and “the history of LLCs” and “iconic examples of LLCs”. Then I expected there to be chapter discussing all the ways LLCs differ from S-Corporation’s (etc).