Limited Liability Companies (LLCs) are hybrid business structures that provide entrepreneurs and prospective business owners with personal asset protection, plus the tax advantages and operational flexibility of a partnership. It's one of the easiest and most inexpensive forms of ownership to organize, but is it right for everyone?
Limited Liability Companies For Dummies shares insider insight on the specific rules and requirements that vary based on location, as well as expert tips on saving on taxes, structuring the partnership, converting an existing company to an LLC, finding professional help when needed, and even dissolving a company when the time is right. The accompanying CD-ROM enables readers to quickly and accurately prepare all the paperwork their state requires, virtually ensuring an LLC starts off on the right foot.