How to Form and Operate a Limited Liability Company: A Do-It-Yourself Guide

Midwest Book Review
What is a limited liability company, and how is it set up and maintained? Damman provides plenty of detail on a lesser-known method of organizing a business, extolling the financial and tax benefits of such a structure and telling of the advantages and disadvantages of turning an existing business into an LLC.


Book Description
More and more professionals are forming limited liability companies (LLCs) to take advantage of their many benefits. LLCs provide partners with a corporate-style liability shield, protecting them from personal responsibility for the company's debts and obligations. This book explains LLCs in detail, helping readers to fully understand what an LLC is and how they can benefit from one. Topics covered in this book include: What is an LLC? What types of companies can become an LLC? Advantages and disadvantages of forming an LLC, converting an existing busines to an LLC, the basics of LLC membership, the importance of an opening agreement, conducting and managing an LLC, and special tax considerations.


About the Author
Gregory C. Damman received a BS in Journalism from the University of Kansas in 1985 and a JD from the University of Nebraska in 1989. He owns and operates Damman Legal Research, which provides legal research and writing services to lawyers.


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More and more professionals are forming limited liability companies (LLCs) to take advantage of their many benefits. LLCs provide partners with a corporate-style liability shield, protecting them from personal responsibility for the company's debts and obligations. This book explains LLCs in detail, helping readers to fully understand what an LLC is and how they can benefit from one.


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