Starting a Limited Liability Company

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Now legal in 48 states, LLCs are considerably cheaper, simpler, and easier to maintain than alternative organizational forms, including Subchapter S corporations and limited family partnerships. LLCs can own subsidiary companies, have greater flexibility in allocating profits, and can have an unlimited number of investors. LLCs are even better than limited partnerships for protecting assets. Now you can find out how a limited liability company can work for you and exactly what you need to do to set up and operate one in the first complete guide, Starting a Limited Liability Company. Leading tax and estate planning attorney and best-selling business author Martin M. Shenkman and his coauthors explain how to apply LLCs to operating a business, estate planning, protecting assets, real estate acquisitions, professional practices, avoiding ancillary probate, and venture capital operations, describe how to convert partnerships and various corporate forms into LLCs, and include a detailed glossary, along with checklists and loads of sample legal forms you can use.