Single-Member LLCs Setup for Beginners: How to Setup and Run a Single Member Limited Liability Company (Unabridged)
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- $7.99
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- $7.99
Publisher Description
Setting up a business requires a lot of research, and rightly so. This is because of the complexity of business structures and how they work, in relation to the operations of the country or state regarding business. Most specifically, this book takes a deep dive into one of the most populous business structures in the United States that is small business owner-friendly and beneficial: the Single-Member Limited Liability Company (SMLLC) business structure.
An LLC is the least complex business structure. Unlike a corporation, an LLC structure is flexible. It also gives you the benefits of pass-through taxes, limited liability, and legal protection for your personal assets. In addition to this, you get the added benefits of looking more legitimate than other businesses, which are not LLCs or Corporations. This book highlights the specific benefits of an LLC, and how you can operate your business as an SMLLC.
Furthermore, this book acts as a guide to businesses run under Sole Proprietorship or Partnership, keen on transitioning to SMLLC. It gives you an expanded view on taxation, personal liability, and tips for protecting your personal assets from your business. The book also highlights additional tasks required to run an SMLLC, as well as the liability concerns that may emanate from setting up your business.
A snippet of the content of this book include:
LLC And Business Structures
Why an LLC?
How LLC protects your Personal Assets and how they are taxed
LLC Formation Service
Novelty of Single Member LLC
Benefits of a Single Member LLC 9
How to Set up Business Banking
How to Set up Business Accounting
How to document Business Decisions
Taxation of Single-Member LLC
Default Pass-Through Tax Treatment
Electing S-Corporation Tax Status
Benefits of S Corporations
Demerits of S Corporations
Choosing an S-Corp as an SMLLC
Benefits of Choosing an S-Corp Status
Drawbacks and Complications of Choosing an S-Corp
Choosing S-Corp Status: How to Decide
Employers/Payroll Taxes
Paying Payroll Taxes
Sales Tax
How are goods taxed?
How Excise Taxes Work
Who pays for an excise tax?
How to form a single-member LLC
What next after forming a single-member LLC?
The Operating Agreement of Single-Member LLCs
How to manage Your Single-Member LLC
How to convert an Existing Business to Single Member LLC
How to dissolve and Wind up a Single-Member LLC
Liability Concerns for Single-Member LLCs
How to File and Pay for Annual Report?
And Lots More information to get you started and run a Single-Member LLC with Ease
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