Edition DescriptionRevised edition
SynopsisLimited liability companies offer both the personal protection from business debts of a corporation and the tax benefits of a partnership. But LLCs also require careful record keeping, regular meetings and formal minutes-without them, the IRS and the courts could hold LLC members personally liable for LLC debts. Your Limited Liability Company provides all the answers, instructions and forms you need to maintain the legal validity of your LLC. Forms include: Call of Meeting, Notice of Meeting, Certification of Mailing, Membership Voting Proxy, Meeting Summary Sheet, Minutes of LLC Meeting, Waiver of Notice of Meeting, Approval of LLC Minutes, and more. Your Limited Liability Company also gives you more than 50 additional resolutions to insert in your minutes or written consents to: declare distributions of LLC profits to members, hire employees and contract with outside firms and businesses, approve the purchase or lease of commercial property, approve LLC contracts, select an LLC tax year, approve salary increases and bonuses, authorize bank loans, authorize an LLC line of credit, elect corporate tax treatment for your LLC to allow income and tax splitting, amend articles and operating agreement, approve additional capital contributions by members, approve the admission of new LLC members, and many more. The 4th edition is completely updated and revised to include the latest laws and forms for all 50 states. Book jacket., Nolo is a pioneer in both consumer and business self-help books and software--- Los Angeles Times----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