Nolo's Quick LLC: All You Need to Know about Limited Liability Companies

Mancuso, Anthony

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Condition: New, UPC: 9781413325898, Publication Date: Fri, February 1, 2019, Type: Paperback ,

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5Limit your liability, simplify taxes with an LLC

If you run your own business as a sole proprietorship or partnership, you've probably heard of the advantages of limited liability companies--especially the way an LLC can protect personal assets from business debts.

LLC expert Anthony Mancuso clearly explains how to decide whether an LLC is right for you. Learn:

the unique legal features of LLCs, including limited personal liability for owners
who should--and who shouldn't--form an LLC
how to choose an LLC, corporation, partnership, or other business form
how LLCs are taxed
how to manage multiple-owner LLCs, and
why an LLC can be the right choice even for a debt-troubled business.

What's New? The Tax Cuts and Jobs Act provides LLCs with a 20% deduction on their pass-through business income.

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