Your Limited Liability Company - 9th Edition by Anthony Mancuso (Paperback)
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<p/><br></br><p><b> About the Book </b></p></br></br>Many small businesses are now becoming LLCs. This book walks them through the process and paperwork requirements that must be followed to maintain LLC status. Without recording official minutes and resolutions or using written consent forms to finalize important business decisions, owners risk loosing LLC status and becoming personally liable for business debts and losses.<p/><br></br><p><b> Book Synopsis </b></p></br></br><b>Running your LLC, step by step</b> <p> 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. <p> <i>Your Limited Liability Company</i> provides all the instructions and forms you need to maintain the legal validity of your LLC. Forms include: <p><ul> <li> Minutes of LLC Meeting <li> Waiver of Notice of Meeting <li> Approval of LLC Minutes <li> Written Consents for Single-Member LLCs </ul><p> 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: <p><ul> <li> declare distributions of LLC profits to members <li> hire employees and contract with outside firms <li> approve LLC contracts <li> approve salary increases and bonuses <li> authorize bank loans <li> elect corporate tax treatment for your LLC, and <li> amend the articles and operating agreement. </ul><p> <b>With Downloadable Forms </b> 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.<p/><br></br><p><b> Review Quotes </b></p></br></br><br>I have a special place in my heart for Nolo... [Its goal] has always been to give the public enough information so that they can make informed decisions. <i>New Orleans Times-Picayune</i> <p> Berkeley-based Nolo has been publishing easy-to-read, self-help books on personal finance and law since the early 70s. <i>Forbes</i> <p> Nolo is a pioneer in both consumer and business self-help books and software. <i>Los Angeles Times</i> <p> Mancuso presents this eighth edition which explains step-by-step how to document important Limited Liability Company (LLC) decisions, votes, and transactions, explains how to hold meetings and create the minutes, written consent forms, and resolutions necessary to record LLC business. Everything is included on Nolo's website on the companion page for this book. It is not necessary to read the book from cover to cover; he suggests reading chapters 1 and 2, which explain some basics about LLCs and the options you have for making decisions, then, armed with this information, the reader can decide whether to document the particular decision to be faced by (1) holding an actual meeting of your members and/or managers, (2) preparing minutes for a meeting that doesn't actually occur (paper meeting), or (3) obtaining the written consent of your members and/or managers to the action or decision at hand. The members and managers of smaller LLCs that are privately owned and have a manageable number of members (up to about 35) with employees (up to about 50) can work together without a great deal of controversy. <i>Eithne O'Leyne, Editor, ProtoView</i><br>
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