Learn about SMLLCs—the new popular business entity choice for one-owner small businesses. From SMLLC formation to liability protection to dissolution, this book provides all the essential information you need to decide whether an SMLLC is the right choice for you and your business.
The book explains:
how to form an SMLLC, including choosing a name and management structure, filing articles of organization, and preparing an operating agreement
how SMLLCs report and pay taxes
the initial capital contribution and distributions of profit from an SMLLC
how to convert a preexisting business to an SMLLC
limited liability protection issues with an SMLLC
financial record keeping and minutes and resolutions for an SMLLC, and dissolving and winding up an SMLLC.
The book includes a sample operating agreement in the appendix.
