Nolo's Guide to Single-Member Llcs
by David M. Steingold
Learn all you need to know about SMLLCs
Single-member LLCs are the business entity of choice for small businesses with one owner. With an SMLLC, you get personal liability protection, pass-through taxation, and flexibility of management.
Nolo's Guide to Single-Member LLCs has all the essential information you need to decide whether an SMLLC is the right choice for your business. It explains:
- how to form an SMLLC and why it can be a good business entity choice
- the attractive features of an SMLLC, such as pass-through taxation, personal liability protection, and flexibility of management
- how to choose the proper tax treatment for your SMLLC
- the tasks involved in running your SMLLC, like paying taxes, filing annual reports, and keeping proper records.
This edition explains the Tax Cuts and Jobs Act, most importantly the 20% pass-through deduction available to SMLLC owners.
David M. Steingold is a Nolo author and a Michigan attorney. His practice covers multiple areas, including business law.
Paperback
English
Brand New
Author Biography
David M. Steingold is a private attorney currently based in Michigan. His practice covers multiple areas including business law. He has been an author for Nolo since 2012.
Table of Contents
1. LLCs and Business Structure Basics2. Taxation of SMLLCs3. Forming Your SMLLC: An Overview4. Financing, Conversion, and Dissolution5. Liability Concerns for SMLLCs6. Running Your SMLLC: Additional Tasks7- Financial Record Keeping and Written ResolutionsAppendixes A. Sample SMLLC Operating AgreementB. Resolutions for a Single-Member LLCC. Using the Downloadable Forms Index
Review
"In this book, author and attorney David M. Steingold presents readers with a comprehensive guide to forming and running a single-member limited liability corporation (SMLLC). The book covers LLCs and business structure basics; the taxation of SMLLCs; forming an SMLLC; financing, conversion, and dissolution; liability concerns for SMLLCs; running your SMLLC; financial record keeping and written resolutions; resolutions for a single-member LLC; and a wide variety of many other related subjects. The author is a practicing attorney based in Michigan." Eithne O'Leyne Editor, ProtoView
Review Quote
"In this book, author and attorney David M. Steingold presents readers with a comprehensive guide to forming and running a single-member limited liability corporation (SMLLC). The book covers LLCs and business structure basics; the taxation of SMLLCs; forming an SMLLC; financing, conversion, and dissolution; liability concerns for SMLLCs; running your SMLLC; financial record keeping and written resolutions; resolutions for a single-member LLC; and a wide variety of many other related subjects. The author is a practicing attorney based in Michigan." Eithne O'Leyne Editor, ProtoView
Promotional "Headline"
Many soleproprietors are now looking to "legitimize" their businesses by forming asingle-member LLC, which is the popular choice of entity because it is easy toform, simple to manage, and provides personal liability protection. This bookprovides the information business owners need to decide if an SMLLC is the right choice for them, and it walksthem through the process for forming, funding, and maintaining the business.The focus is on single-member LLCs, as opposed to LLCs with more than oneowner, and all of the tips, forms, and issues it discusses relate only tosingle-member LLCs.
Description for Sales People
Audience: Anyone trying to decide whether a single-member LLCs is the right business entity choice for their business. What is new in this edition: *Business formation has soared since the start of the pandemic, especially for LLCs *While there are other books on LLCs, they do not devote much attention to Single-Member LLCs, which have unique challenges and considerations * This book provides information to help the reader decide if an SMLLC is the best choice for their business *Includes helpful tips and forms, including a sample operating agreement, and written consent forms
Description for Press or Other Media
Many sole proprietors are now looking to "legitimize" their businesses by forming a single-member LLC, which is the popular choice of entity because it is easy to form, simple to manage, and provides personal liability protection. This book provides the information business owners need to decide if an SMLLC is the right choice for them, and it walks them through the process for forming, funding, and maintaining the business. The focus is on single-member LLCs, as opposed to LLCs with more than one owner, and all of the tips, forms, and issues it discusses relate only to single-member LLCs.
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