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Book

Your limited liability company : an operating manual

Call Number

  • 346.0668 M269.1 2022 (CEN, OSH)

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Edition

10th edition.

Publication Information

[Berkeley, California] : Nolo, 2022.

Physical Description

276 pages : forms ; 28 cm

Summary

"A limited liability company can give a small business both tax benefits and protection from personal liability for business debts. But without careful record keeping, regular meetings, and formal minutes, it could lose these advantages. This book provides all the instructions and forms needed to maintain the legal validity of an LLC. Forms include: Call of Meeting; Notice of Meeting; Certification of Mailing of Notice; Membership Voting Proxy; Minutes of LLC Meeting; Waiver of Notice of Meeting; Approval of LLC Minutes; and Written Consents for Single-Member LLCs. This book also includes more than 50 of the most commonly used legal resolutions to insert in your minutes or written consents. These can be used to: declare distributions of LLC profits to members; hire employees and contract with outside firms; approve LLC contracts; approve salary increases and bonuses; authorize bank loans; elect corporate tax treatment for the LLC; and amend the articles and operating agreement"--

Notes

Includes index.

"With downloadable forms"--Cover.

Contents

  • LLC documents
  • Using meetings, minutes, and written consents
  • Steps to take before holding a meeting
  • How to hold an LLC meeting
  • How to prepare written minutes of LLC meetings
  • How to hold a paper LLC meeting
  • How to take action by written consent without an LLC meeting
  • Standard LLC business resolutions
  • LLC tax resolutions
  • Resolutions to amend the LLC articles and operating agreement
  • LLC membership resolutions
  • LLC hiring and compensation resolutions
  • Loans to the LLC
  • Loans by the LLC
  • Self-interested business dealings between the LLC and its members or managers
  • Lawyers, tax specialists, and legal research.

Subjects