Nolo's Quick LLC: All You Need to Know About Limited Liability Companies

by Anthony Mancuso

Written by America's leading LLC expert! If you run your own business, you've probably heard about limited liability companies. Business owners who operate LLCs aren't personally liable for business debts. But is an LLC right for you? Nolo's Quick LLC provides essential information for business owners in every state. It explains, in plain English, the advantages and drawbacks of forming an LLC -- including limiting your personal liability. Nolo's Quick LLC covers who should -- and shouldn't -- form an LLC, how to operate an LLC easily, choosing between a member-run or a manager-run LLC, LLCs compared to corporations, partnerships and sole proprietorships, how to keep your tax status simple at the start, how to elect corporate tax treatment when (and if) you're ready and the ongoing legal and tax paperwork that's required. Practical, concise and easy to read, the 4th edition of Nolo's Quick LLC provides the latest facts, figures and tax information you need to know about this valuable business option.

Genres: Business, Nonfiction, Reference

212 pages, Paperback

First published January 1, 2000

Reviews

[Juliana]

I admire a well-written reference series and Nolo Press is always on game.

[Alexandria]

laws change, always make sure you get the newest edition.

[Michael]

Great place to start if you're deliberating on which business structure is right for you. If you're sure an LLC is the way to go, then Form Your Own Limited Liability Company, also from Nolo, is an even better resource that includes downloadable forms.

[Brian]

Some good information and the examples the book gives help with understanding the legalese that only lawyers get.

[J Chad]

Having almost no knowledge of LLCs and how they compare to other business entities, I found this book extremely helpful. It really demonstrated the different ways in which entities are taxed and treated by the federal government.
One drawback for me was the failure to address different types of businesses and the presumption of LLC members providing goods/services. I would have found it particularly helpful to specifically address the role of LLCs (and the taxation) in real estate investment, particularly those types that go on Schedule E on a tax return.

[Patrycja]

It is a good book with tips and explanation of the difference between LLC and other business formats. It wasn't exactly a book for me, but I learnt few things that will definitely help me out in the future. Nono's books in general are always educative and helpful. If you have a law questions, you always should start to look for your answers at their publications.

[Glenn]

I learned a few things I didn't know in this great overview of the Limited Liability Company (LLC). There's a big push throughout for Nolo's other books that tend to interlock and overlap on the general subject.

[Laura]

The first 10 pages were very informative. I haven't had time to get past them, but I already feel more informed after reading them.

[Penny]

Oooo now we're getting somewhere. Quick and LLC in the title. It covered several of the aspects we're most concerned about: protecting our assets and the tax stuff.

[Jeffrey Stalk]

I needed to learn the legal, accounting and tax basics for LLCs and this provided a very readable overview.

[Cate]

Easy to understand this general overview. Glad I picked it up. Need more reading on the subject. But I feel like this explains it well without making it overwhelming. Definitely 5 stars!

[Cate's Book Nut Hut]

Good information about LLC forming. As always Nolo delivers.

[Luke]

Basic and useful