Written by LLC expert Attorney Anthony Mancuso, this book shows you, in plain English, the advantages and drawbacks of forming an LLC, and how the LLC compares with running a business as a corporation, partnership or sole proprietorship.It explains:
*how LLCs are formed by filing Articles of Organization with the state
*the Operating Agreement, which details the legal rights and responsibilities of LLC members and managers
*how you can choose between a member-run or manager-run LLC
*important tax options that qualify an LLC for partnership tax treatment -- an essential benefit of forming an LLC
*the required ongoing legal and tax paperwork
Practical, concise and easy to read, the 2nd edition of Nolo's Quick LLC provides vital; and the latest; information you need to know about this valuable business option.