LLC Or Corporation?

Choose the Right Form for Your Business

Author: Anthony Mancuso

Publisher: Nolo

ISBN: 1413323170

Category: Business & Economics

Page: 288

View: 4476

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"Whether you are starting a new business or thinking about an existing one, the big question is "Which legal structure is best?" The answer has important legal and tax consequences, "--Page 4 of cover.
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Choosing the Right Legal Form of Business

The Complete Guide to Becoming a Sole Proprietor, Partnership, LLC, Or Corporation

Author: P. K. Fontana

Publisher: Atlantic Publishing Company

ISBN: 1601383010

Category: Business & Economics

Page: 288

View: 5194

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According the United States Small Business Administrationâe(tm)s most recently released date, there are more than 9 million small businesses in the United States and almost 250,000 new ones started every year. Of those new businesses, half will fail in the first 12 months and part of that failure is due to the lack of information about how to start and develop that business. Without the right legal form of business, you may end up paying too much in taxes, failing to comply with certain laws, or miss out on certain breaks that you deserve. This book provides you with a complete guide, discussing all four major forms of business, which one is right for you, and how your decision may affect you in the future. The first thing you will read about is the list of non-legal issues you need to deal with before you start the business creation process. In addition, you will learn which form of business is ideal for your particular situation with a short overview of each type, a comparison of what each offers, and how the legal implications of each might apply to you. You will learn specifically how to choose between an LLC and a corporation in instances where it might not be immediately clear which is best for you. You will also learn which special business structures are best suited to your needs if you do not fit into any of the four primary categories. The process of structuring a partnership is outlined, along with how to create a written agreement and how to change a partnership after the business has been created. You will also learn how to create a corporation, including the structure you will use, how to establish financing, the compensation you will provide yourself, whether you need a lawyer, the 13 step process of starting and filing your corporation, and what you need to do immediately afterwards. The number of members needed to create an LLC is provided as well, along with how to structure management and determine financing and compensation. Hours of careful interviews were conducted with successful small business owners and legal experts to help create a comprehensive collection of materials that will guide you through the processes above, as well as how to handle transition of ownership and the extended process of naming your business âe" including the legal implications of this process, what you need to know about trademarks and service marks, how to protect your own trademarks, and where to do name searches. The licensing and permit processes, as well as the tax structures for each business type, are included for federal, state, and local laws, while additional information is provided on how to build your home-based business as opposed to one in a physical location. If you are looking to create a new business and do not know which format is best for your needs, this book will walk you through each step of the selection process, making sure your new business meets all applicable laws and regulations.
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The Small Business Start-Up Kit

A Step-by-Step Legal Guide

Author: Peri Pakroo

Publisher: Nolo

ISBN: 1413324754

Category: Business & Economics

Page: 360

View: 8270

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Start your business with confidence using the best step-by-step guide available! Many people dream of running a business of their own -- but often don't know how or where to start. Sound familiar? This is the book you need. User-friendly and loaded with tips, The Small Business Start-Up Kit shows you how to launch a business quickly, easily, and with confidence. It explains in plain English how to choose between an LLC and other business structures, manage finances and taxes, market your business effectively online and off, and much more.
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Deduct It!

Lower Your Small Business Taxes

Author: Stephen Fishman

Publisher: Nolo

ISBN: 141332682X

Category: Business & Economics

Page: 406

View: 574

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Reduce your taxes Deduct It! shows you how to maximize your business deductions—quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. It covers deductions for: start-up and operating expenses travel and meals home offices medical expenses equipment and inventory and more. Learn about the new tax law and how it affects small business owners, including the new 20% pass-through deduction and changes to entertainment and other business deductions and credits. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over. This edition is completely updated to cover the new Tax Cuts and Jobs Act.
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Nolo's Quick LLC

All You Need to Know About Limited Liability Companies (Quick & Legal)

Author: Anthony Mancuso

Publisher: Nolo

ISBN: 1413325904

Category: Business & Economics

Page: 224

View: 3733

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Limit your liability, simplify taxes with an LLC If you run your own business as a sole proprietorship or partnership, you’ve probably heard of the advantages of limited liability companies—especially the way an LLC can protect personal assets from business debts. But LLCs aren’t the best structure for every business. LLC expert Anthony Mancuso clearly explains how to decide whether an LLC is right for you. Learn: the unique legal features of LLCs, including limited personal liability for owners who should—and who shouldn’t—form an LLC how to choose among an LLC, corporation, partnership, or other business form how LLCs are taxed how to manage multiple-owner LLCs, and why an LLC can be the right choice even for a debt-troubled business. Practical, concise and easy to read, this edition of Nolo's Quick LLC provides the latest facts, figures and updated tax information you'll need to know about this structure for your small business
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Make Your Life Tax Deductible: Easy Techniques to Reduce Your Taxes and Start Building Wealth Immediately

Author: David W. Meier

Publisher: McGraw Hill Professional

ISBN: 0071467629

Category: Business & Economics

Page: 256

View: 9557

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More than 150 deductions small business owners can implement to lower taxes and boost profits immediately If you are a small business owner, missing out on important deductions can mean receiving a tax bill that puts you deep into debt. In Make Your Life Tax Deductible, tax specialist David Meier presents quick and easy tips on understanding what deductions can be legally taken and implementing them in your tax strategies. He provides more than 150 deductions in several areas, from home, car, and travel to entertainment, equipment, and more.
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Drafting Delaware Limited Liability Company Agreements

Forms and Practice Manual

Author: John M. Cunningham,Vernon R. Proctor

Publisher: Aspen Publishers Online

ISBN: 9780735582682

Category: Law

Page: 1048

View: 3553

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Drafting Delaware LLC Agreements: Forms and Practice Manual provides a comprehensive and sophisticated analysis of the Delaware Limited Liability Company Act from an entity formation viewpoint and sets forth extensive practical guidelines for lawyers planning, negotiating and drafting Delaware LLC agreements. Among other features: The book exhaustively identifies the definitional, mandatory, default and permissive provisions critical in forming Delaware LLCs, and it addresses in detail the more important of these provisions. It contains detailed criteria and practical examples for use in choosing among Delaware LLCs and other types of Delaware entities, including limited partnerships and corporations, in business entity formations ("non-tax choice of entity"). To the authors' knowledge, it provides the most complete analysis of the series LLC provisions of the Delaware Act currently available in LLC literature. It provides in digital form model LLC agreements that address all of the various ownership structures, management structures and tax structures that Delaware LLC formation clients may need--a total of nine agreements for single-member LLCs and 33 for multi-member LLCs. Finally, the book contains plain-English explanations for lawyers who are not tax specialists concerning all principal federal and state tax issues likely to be important to Delaware entity formation clients. A CD containing customizable agreements, for ease of use, along with the full text of the Delaware Limited Liability Company Act is included with your purchase! SPECIAL OFFER... Get the latest monthly edition of Drafting Delaware LLC Agreements: Forms and Practice Manual E-Newsletter. Download your FREE E-Newsletter NOW! The co-authors of the book and E-Newsletter are John M. Cunningham, the author of Drafting Limited Liability Company Operating Agreements (Aspen Publishers), the leading generic (i.e., non-state specific) LLC form book and practice manual; and Vernon R. Proctor, a partner and co-founder of Proctor Heyman LLP, a Wilmington, Delaware business litigation law firm. Mr. Proctor is a member of the Delaware State Bar Association committee that annually updates the Delaware LLC Act and the other Delaware "alternative entity" statutes.
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Start Your Own Fashion Accessories Business

Your Step-By-Step Guide to Success

Author: Entrepreneur Press,Eileen Figure Sandlin

Publisher: Entrepreneur Press

ISBN: 1613082355

Category: Business & Economics

Page: 224

View: 8112

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Basic updating of resources and interviews with successful owners in the fashion accessories business. Trendy entrepreneurs learn how to create and sell their own accessories, buy wholesale accessories for resale or establish their own online or traditional store. Our experts take them step by step from creating a business plan, to setting up a home workshop and office, exploring the market, managing finances, publicizing and advertising the business and much more. Industry professionals and practicing home-based business owners provide unique insights, tips and tricks to ensure success. This step-by-step guide gives aspiring entrepreneurs everything they need to know to turn their passion for fashion into a successful business.
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