Aug
08
2010
Limited Liability Company: Small Business Start-Up Kit
Posted by Blogmaster in Start Up Business Books, tags: Business, Company, Liability, Limited, Small, StartUp
- ISBN13: 9781892949547
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
Product Description
This revised and updated 4th Edition includes everything necessary to set up a limited liability company in any state or Washington DC. The enclosed CD includes all of the required forms in both PDF and text formats as well as Adobe Acrobat Reader software. This new edition also includes all available state-required forms in fillable PDF format. Also included is a detailed appendix of state LLC laws for all 50 states and Washington DC.
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I loved this book. It is basically a small business startup guide that focuses on choosing the LLC company structure. It could be used as a workbook to start your own business as an LLC. Even if you are planning to start a sole proprietorship or a corporation, this book still has substantial value for you. It is comprised of 18 chapters:
* List of forms on CD
* Introduction
1. Deciding to start business as an LLC
2. Business startup checklist
3. Developing a business plan
4. Developing a marketing plan
5. Developing a financial plan
6. Operating an LLC
7. LLC paperwork
8. Pre-organization activities
9. Articles of Organization
10. Operating Agreement
11. Members meetings
12. Amendments to Articles of Organization
13. Termination of LLC
14. Employee documents
15. Business financial recordkeeping
16. Business accounts
17. Business payroll
18. Taxation of LLC
* State LLC information
* Glossary of Terms
The things I liked the most about the book include: (1) the business plan material included in chapters 2 through 4, (2) the Articles of Organization and Operating Agreement material in chapters 9, 10, and 12, (3) the coverage of Taxation of LLC in Chapter 18, (4) the State LLC information, and (5) the Glossary. All these areas were covered well, but more research should be pursued on each topic in order to fully understand them. A call to your local SCORE chapter would probably prove to be helpful to you to learn more. Also, you may want to visit the free law library at your county courthouse and ask the law librarian to show you the form book regarding LLCs.
Regarding the Business Startup Checklist, I would recommend that the preparation of your Operating Agreement, employee contracts, and Chart of Accounts should be done during the creation of your business plan. Doing these three tasks when the author suggests is a little late in the game in my humble opinion.
Also, at page 62 I would have said that an Operating Agreement is only important if the LLC is going to have more than one member. And I found it a little confusing when the author describes and discusses business plans when he talks of an overall business plan that includes three plans: business, marketing and financial. Maybe the sub-plan should have been called an operations plan?
I would have liked the book better if when financial plans for the business plan were discussed that there had been some coverage on cash flow statements. Cash flow is critically important for a small business – both in the planning stages and in the actual operating stages. 5 stars!
Rating: 5 / 5