Publisher's Synopsis
Learn all you need to know about SMLLCs
Single-member LLCs are the popular business entity of choice for small businesses with one owner. Easy to form and operate, single member LLCs combine some of the most desirable features of older, more traditional business structures like corporations, partnerships, and sole proprietorships. With a single member LLC, you get personal liability protection, pass-through taxation, and flexibility of management.
This book provides an overview of everything you need to know about single member LLCs, including:
whether an SMLLC is right for you
what forms and documents you need to create an SMLLC
how to initially fund an SMLLC
how to prepare taxes for an SMLLC
what kinds of records you need to maintain for your SMLLC, and
liability issues specific to SMLLCs.
The book includes a sample operating agreement and written consent forms to open a bank account, purchase real estate, and more. Throughout the book, you will find tips and examples to help clarify the most important points.
