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The LLC and Corporation Start-Up Guide: Your Complete Guide to Launching the Right Business (Quick Start Your Business)

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About The LLC And Corporation Start-Up Guide: Your

Product Description Filled with essential forms and advice, The LLC and Corporation Start-Up Guide will help you avoid problems and save you immeasurable amounts of time, effort, and money. The LLC and Corporation Start-Up Guide is a must-have resource for the aspiring business owner who needs to know about organizing or incorporating his or her business. While anyone can start a new business venture, the smart proprietor knows that putting the right legal protections in place is the most important step for the business. Learn advantages and disadvantages of setting up a corporation or an LLC Protect yourself from personal liability Master start-up procedures and tax regulations that you need to know Discover step-by-step procedures for setting up your business Learn how to run your business Find out how to get more information from your state Additional features include: An extensive appendix of the rules, fees, forms, and requirements for starting your own business Specific information on each of the 50 states Sample start-up forms Start your business ahead of the game! Mark Warda received his law degree from the University of Illinois in Champaign. He has written or co-authored more than seventy-five titles, including Incorporate in Florida and The Complete Nonprofit Corporation Kit. From the Back Cover Filled with essential forms and advice, The LLC and Corporation Start-Up Guide will help you avoid problems and save you immeasurable amounts of time, effort and money. The LLC and Corporation Start-Up Guide is a must-have resource for the aspiring business owner who needs to know about organizing or incorporating his or her business. While anyone can start a new business venture, the smart proprietor knows that putting the right legal protections in place is the most important step for the business. --Learn advantages and disadvantages of setting up a corporation or an LLC --Protect yourself from personal liability --Master start-up procedures and tax regulations that you need to know --Discover step-by-step procedures for setting up your business --Learn how to run your business --Find out how to get more information from your state Additional features include: --An extensive appendix of the rules, fees, forms, and requirements for starting your own business --Specific information on each of the 50 states --Sample start-up forms Start your business ahead of the game! Mark Warda received his law degree from the University of Illinois in Champaign. He has written or co-authored more than seventy-five titles, including Incorporate in Florida and The Complete Nonprofit Corporation Kit. About the Author Mark Warda has been a Florida attorney for over thirty years. He received his BA with Honors from the University of Illinois in Chicago and his JD from the University of Illinois in Champaign. He is the author of over seventy self-help law books. Today Mark is continuing to update his books and running Land Trust Service Corporation. He lives in Lake Wales, Florida with his wife Alexandra and his three year old son, Mark David. Excerpt. © Reprinted by permission. All rights reserved. Excerpt from Chapter 1 What a Limited Liability Company Is A limited liability company (LLC) is a relatively recent invention. For hundreds of years, the three choices for a business entity were sole proprietorship, partnership, or corporation. However, in 1977, the LLC was invented by the state of Wyoming to fill a new need―businesses that wanted to be taxed and managed like partnerships but protected from liability like corporations. Once the Internal Revenue Service (IRS) accepted this arrangement, every state in the union followed suit and passed laws allowing LLCs. The laws, however, were not identical and the effectiveness of the LLCs varied from state to state. In the beginning, singleperson businesses could not use them because the law stated that a sole person could not be taxed as a partnership. However, the IRS late