Every week, hundreds of thousands of people start
businesses in America. A very large number of them
do it wrong from a legal and financial structure
standpoint ? not because they are careless, but
because nobody explained the basics before they
got going.
The Plain English Guide to Forming an LLC covers:
- What an LLC actually is and what it does for you
- LLC vs. sole proprietor, S corporation, and C
corporation ? which structure is right for you
- The liability shield ? what it covers and what
it does not
- How to choose your state of formation
- The Articles of Organization, Operating Agreement,
and EIN ? what each one does
- Why the Operating Agreement is the most important
document your LLC will ever have
- How LLCs are taxed and the S corporation election
that saves profitable businesses thousands annually
- The business bank account and why commingling
funds destroys the liability protection
- Contracts, intellectual property, and independent
contractor classification
- Bringing in partners, investors, and employees
- When to add a second LLC or restructure
Includes 6 ready-to-use forms and templates in the
appendix.
This book is for educational purposes only and does
not constitute legal or tax advice.
Nathan Cross ? The Plain English Legal & Financial
Library ? Cross Legal Press
