Mary Miles

Beginners Guide to Limited Liability Companies Mary Miles

Limited Liability Companies (LLCs) have increased in popularity over the last few decades. Entrepreneurs across the world learn about the numerous liability and tax advantages of LLCs and are quick to start the paperwork to form their own entity and get their business off the ground. You might be asking yourself, can't I read a few articles about LLCs and be all set to start my business? What's important to realize here is that LLCs are a relatively new type of business structure - dating back only 40 years ago in Wyoming. Since then, states have adopted and dealt with LLCs as they see fit. Our goal in this book is to provide the broad strokes of the LLC that are true in every state while also bringing to your attention and directing you to the proper resources for the state by state differences. You will find all what You Need to Know About Starting a Limited Liability Company along with Tips for Dealing with Bookkeeping, Accounting, and Taxes as a Small Business. You'll also find more than 50 of the most commonly used legal resolutions to insert in your minutes or written consents. Use them to: declare distributions of LLC profits to membershire employees and contract with outside firmsapprove LLC contractsapprove salary increases and bonusesauthorize bank loanselect corporate tax treatment for your LLC, andamend the articles and operating agreement