Limited Liability Companies For Dummies, 3rd Edition

Introduction

Individuals are now, more than ever, realizing the power of the limited liability company (LLC). If you’re like many people, you probably understand that an LLC can benefit you in one way or another; you just don’t know the next steps to take. Maybe you’ve just purchased a piece of real estate and know that it should be protected in some way; you just don’t know how to form the LLC and do the transfer. Or, on a whim, you created an LLC for your current business and can’t get any answers on what to do now. How do you transfer assets? What do you do at tax time? How can you take on a partner?

You now hold in your hands the key to some of the most powerful strategies of the rich and successful. This book was written to make your life easier and eliminate the guesswork on forming and owning an LLC. After all, your LLC should work for you, not the other way around.

After I get into the basics on LLCs in this book, I go into some more-complex strategies. This info sets this book apart from all the others. The rich have used a lot of these strategies for decades to operate their businesses, protect their assets, and pass on their estates. Now, I’m putting the power in your hands. When you find a strategy that may work for you, I encourage you to sit down with your team (your attorney, accountant, and/or corporate consultant) and figure out how to build on it and how to customize it to your specific situation. Use this book as your starting point. Your possibilities are ...