Description: Now legal in 48 states, LLCs are considerably cheaper, simpler, and easier to maintain than alternative organizational forms, including Subchapter S corporations and limited family partnerships. LLCs can own subsidiary companies; have greater flexibility in allocating profits; and can have an unlimited number of investors. LLCs are even better than limited partnerships for protecting assets. Now you can find out how a limited liability company can work for you and exactly what you need to do to set up and operate one in the first complete guide, Starting a Limited Liability Company. Leading tax and estate planning attorney and best-selling business author Martin M. Shenkman and his coauthors explain how to apply LLCs to operating a business, estate planning, protecting assets, real estate acquisitions, professional practices, avoiding ancillary probate, and venture capital operations; describe how to convert partnerships and various corporate forms into LLCs; and include a detailed glossary, along with checklists and loads of sample legal forms you can use.

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