Your Limited Liability Company: An Operating Manual - Softcover

Mancuso Attorney, Anthony

Softcover

ISBN 10: 1413326439 ISBN 13: 9781413326437

Publisher: NOLO, 2019

Synopsis

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:

• 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.

With Downloadable Forms Provides 70 minutes and resolution forms with step-by-step instructions on how to document important LLC decisions, votes, and transactions. All forms are included in the book and are available for download on nolo.com.

About this title

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.

From the Author

There are now over 2,500,000 LLCs in the United States. But many new LLC owners form their LLC and then have no idea how to vote on resolutions or document decisions, or even know what decisions they need to make. LLCs need to keep minutes of important decisions just like corporations. Without recording important business and tax decisions in minutes forms, owners risk paying out of their own pocket for business debts and losses.

This book has minutes forms and resolutions for any decision an LLC will have to make, and explains how to use them. Every form a new LLC could need to record a decision is in this book.

Edition details

• Publisher: NOLO
• Publication date: 2019
• ISBN 10: 1413326439
• ISBN 13: 9781413326437
• Binding: Paperback
• Language: English
• Number of pages: 440