Accounting for Non-Accountants -
Accounting for Non-Accountants is a 20-hour
strictly online accounting course that requires no
textbook or live instructor. It is a self-paced accounting tutorial
that can be taken 24/7 conveniently in your own home, office, or
from any computer that has access to the Internet.
Click here to view more details
LLC - Limited Liability Company
Limited Liability Company LLC Books
A Limited Liability Company (LLC) is sort of a cross
between a partnership and a corporation. A small business formed as an
LLC affords its owners
the advantages of limited
liability (little or no personal liability like corporate shareholders
have) along with pass-through taxation (a
tax saving benefit enjoyed by partnerships and sole proprietorships).
Forming the LLC
Forming a LLC is a little
more complicated than forming a partnership and less complicated than
incorporating. There are several steps that will need to be taken
to make it all legal. The company must be named, articles of
organization need to be filed and fees paid, an LLC operating agreement
must be created, and licenses and permits must be obtained where
required. The book
Nolo's Quick LLC: All You Need to Know About Limited Liability Companies
explains forming an LLC in great detail.
Because a corporation is considered an entity
separate from its owners, it is required to pay federal taxes. An LLC is
different. It's more like a partnership or sole proprietorship in that;
the profits and losses and associated tax responsibilities are divided
up and passed through to the owners.
Nolo's Quick LLC is recommended.
Other Things to Note
LLC owners are also known as members. Single member
LLCs are allowed in most states and there is no maximum number or type
of members allowed. An attorney is not required - you can prepare
the documents and complete the requirements yourself. Though not
required by most States, an Operating Agreement is highly recommended.
Know How Made Easy
Limited Liability Companies
This easy-to-use e-book contains
all the instructions and forms you need to set up and manage
your own Limited Liability Company, which will give you the
tax advantages of a partnership and the liability protection
of a corporation.