Your Limited Liability Company: An Operating Manual

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9781413322613: Your Limited Liability Company: An Operating Manual
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Running your LLC, step by step

A limited liability company can give your small business both tax benefits and protection from personal liability for business debts. But without careful record keeping, regular meetings, and formal minutes, you could lose these advantages.

Your Limited Liability Company provides all the instructions and forms you need to maintain the legal validity of your LLC. Forms include:

    · Call of Meeting
    · Notice of Meeting
    · Certification of Mailing of Notice
    · Membership Voting Proxy
    · Minutes of LLC Meeting
    · Waiver of Notice of Meeting
    · Approval of LLC Minutes
    · Written Consents for Single-Member LLCs
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 members
    · hire employees and contract with outside firms
    · approve LLC contracts
    · approve salary increases and bonuses
    · authorize bank loans
    · elect corporate tax treatment for your LLC, and
    · amend the articles and operating agreement.

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Book Description:

Many small businesses are now becoming LLCs, meaning that people who aren’t used to dealing with entity rules need the step-by-step guidance provided in this book to help them follow legal requirements when conducting business. Without recording official minutes and resolutions or using written consent forms to finalize important business decisions, owners risk paying out of their own pocket for business debts and losses.

About the Author:

Anthony Mancuso is a corporations and limited liability company expert. He graduated from Hastings College of Law in San Francisco, is a member of the California State Bar, and studied advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) companies. He is the author of several Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. His titles include Incorporate Your Business, How to Form a Nonprofit Corporation (national and California editions), Form Your Own Limited Liability Company, The Corporate Records Handbook, and LLC or Corporation? His books have shown over a quarter of a million businesses and organizations how to form a corporation or LLC.

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