Let me state for the record, I run an LLC and have Nolo's other book on LLC's "Your Limited Liability Company: An Operating Manual" (I can't even begin to count how many times that book has come in handy - I don't think my calculator goes that high).
If I'd gotten this book - Form Your Own Limited Liability Company - I would've easily saved $750 in legal fees when I started up. That right there should be enough for you to stop reading this review, and just rush out and get this book if you're thinking about starting up an LLC.
I'm not saying you can do completely without a lawyer, but I suspect you can certainly save at least $750 of legal fees using the information, the forms, templates, and all the tips and advice in this book. If I had to do it all over again, I'd use this book to craft all the basic stuff, then bring that to my attorney to tweak, and voila - instant LLC for less.
Here are some key items you'll find in this book that are incredibly helpful (in addition to the CD with all the forms):
* Comparing LLCs to other forms of business incorporation (including the "doing business as ____" and tax benefits / risks)
* Basics of LLCs components you need to have vs. nice-to-have's
* Key tax items to keep in mind (this is also good to help you weed out accountants - any of them that look at you blankly when you start discussing pass-through versus corporate tax returns is not for you)
* Step-by-step walk-throughs of various documents you need to prepare
* What not to do and what to do when it comes to selecting company names - and why
* Basics operating elements (high-level summary of the other Nolo LLC Operating Manual I mentioned above)
* Advice on finding good lawyers and accountants
* State-specific information (oh, that I had this information 3 years ago)
* Tearout versions of some of the forms, letters and templates so you can start to make notes and jot down ideas right away as you read through the book
And like all Nolo books, you don't need to read through - you just skip around to the parts you need or want. Frankly, even just for the forms and templates, with the rest of the 259 pages just "padding" I think this book is well worth it.
If you're thinking of forming an LLC, this is one resource you should not do without. After all, why throw away $750...?