Nolo's Quick LLC: All You Need to Know about Limited Liability Companies

Limit your liability, simplify taxes with an LLCIf you run your own business as a sole proprietorship or partnership, you've probably heard of the advantages of limited liability companies--especially the way an LLC can protect personal assets from business debts. LLC expert Anthony Mancuso clearly explains how to decide whether an LLC is right for you. Learn: the unique legal features of LLCs, including limited personal liability for owners who should--and who shouldn't--form an LLC when to choose an LLC instead of a corporation, partnership, or other business formhow LLCs are taxedhow to manage multiple-owner LLCs, andwhy an LLC can be the right choice even for a debt-troubled business.Attorney Anthony Mancuso is an LLC and corporations expert and author of many Nolo books, including Form Your Own Limited Liability Company, Incorporate Your Business, and How to Form a Nonprofit Corporation. Mancuso's books and software have helped more than 500,000 businesses and organizations get started and keep running.