Overview

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.

Full Product Details

9781413326437

Table of Contents

Reviews

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. New Orleans Times-Picayune Berkeley-based Nolo has been publishing easy-to-read, self-help books on personal finance and law since the early 70s. Forbes Nolo is a pioneer in both consumer and business self-help books and software. Los Angeles Times 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. Eithne O'Leyne, Editor, ProtoView

Author Information

Anthony Mancuso is a corporations and limited liability company expert. A graduate of Hastings College of the Law in San Francisco, Tony is an active member of the California State Bar. Tony writes books and software in the fields of corporate and LLC law and has studied advanced business taxation at Golden Gate University in San Francisco. He also has been a consultant for Silicon Valley EDA (Electronic Design Automation) and other technology companies. He is currently employed at Google in Mountain View, California. Tony is the author of many Nolo books on forming and operating corporations (profit and nonprofit) and LLCs. Among his current books are The Corporate Records Handbook; How to Form a Nonprofit Corporation; Incorporate Your Business; Form Your Own Limited Liability Company; and LLC or Corporation? His books and software have shown over 500,000 businesses and organizations how to form and operate a corporation or an LLC. Tony is a licensed helicopter pilot and guitarist.

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