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LLC or Corporation? How to Choose the Right Form for Your Business, by Anthony Mancuso Attorney
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The only book devoted to the most important business decision you'll make. Your company has grown -- now it's time to upgrade your legal structure to something that will protect you and your assets, as well as provide other benefits. In other words, your business is ready to become either a corporation or a limited liability company. The question is, "Which one?" The answer isn't always clear -- but because your choice will affect the legal and tax status of your business, it's the most important question you'll answer. LLC or Corporation? will help you make the right choice with plain-English explanations of the basics of business entities, how each business entity protects you from personal liability, profits, losses and tax treatment, converting from one type of business entity to another and what to do if you conduct business out of state. Making the right choice will affect your bottom line in many ways -- from what you pay for taxes, to your ability to seek money from investors. The book also provides conversion and formation scenarios that provide a real-world look at all the options available to you. The 2nd edition is completely updated with the latest laws regarding business structures and taxes.
- Sales Rank: #3075529 in Books
- Published on: 2006-11-17
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .75" w x 7.00" l,
- Binding: Paperback
- 250 pages
Review
"An in-depth guide [which] covers all aspects of this decision." -- The Midwest Book Review
"Outstanding. Crystal clear, rock-solid, no-nonsense, accessible information. Great 'real life' examples without any fluff." -- Small Business Opportunities
About the Author
Anthony Mancuso is a corporations and limited liability company expert. He graduated from Hastings College of Law in San Francisco, is a member of the California State Bar, writes books and software in the fields of corporate and LLC law, and studies advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) companies, most recently working on a C++ open-source integrated circuit database project team. He is the author of several Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. His titles include Incorporate Your Business, How to Form a Nonprofit Corporation (national and California editions), Form Your Own Limited Liability Company, The Corporate Records Handbook, and LLC or Corporation?. He wrote and programmed Nolo's LLC Maker and Incorporator Pro software programs, which generate state-by-state articles and other forms for organizing corporations and LLCs. His books and software have shown over a quarter of a million businesses and organizations how to form a corporation or LLC. He also is a licensed helicopter pilot and has performed for years as a guitarist in many musical idioms.
Most helpful customer reviews
17 of 18 people found the following review helpful.
Average
By Terry Smith
I've read several books on this topic, and I can't rank this one very high on the list. The first half of the book is pretty decent, not bad at all; however, the last half of the book, four whole chapters, is focused on converting one entity to another. This material should be in another book devoted to that topic, not here. That said, you are paying for fifty percent of a book that is very readable. It is not dense at all, and the "real-world" examples illustrating when one company entity is preferable over another entity are good, though few and far between. The inclusion of MANY more example scenarios would have made this an extremely informative book.
1 of 1 people found the following review helpful.
Facilitates the crucial decision of LLC versus corporation
By A dad
I've been a Mancuso fan since the 90s, having purchased most of his books. This is in my view an almost ideal book for those contemplating the decision of whether to form an LLC or a corporation.
I've actually read this book cover to cover, and it truly deals with the main question addressed in its title. It is the only book I've seen that shows in such a user-friendly way how to convert from one type of entity to another, for all the entity types.
What I would have like to make this a more perfect book is expanded treatment on S corporations, although the basics are included here. I recommend this book.
2 of 3 people found the following review helpful.
Excellent
By Young Investor
You must read the entire book. After reading this book I had lined up for a paid consultation with a well known small business accountant. I made sure I had my few questions worked out. He was so impressed that he waived his fee. You'll know 95% of the in's and outs in no time.
This is not about taxes and what is a write off. This is about business formation and tax planning for that business and for transfers. Wouldn't be nice to know what would happen to an LLC that went to a C or S corp? Well it tells you mostly everything you might want to know.
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