Good information about LLC forming. As always Nolo delivers. ( )

I admire a well-written reference series and Nolo Press is always on game. ( )

Good information about LLC forming. As always Nolo delivers. ( )

This book is a GREAT introduction to understanding the issues surrounding Limited Liability Companies (LLCs), and whether, or not, you should set one up yourself.

My wife and two sisters just inherited a house and rather than sell, are deciding to rent it out. An estate lawyer said "you should probably set up as an LLC" to which we all said ... "huh?" Well this book thoroughly answered our "huh?" The author quickly and explicitly states that this work is NOT meant to be used to set up an LLC. What it does do is bring great clarity to those of us at ground zero in understanding and decision making about proceeding to set up an LLC.

As a bonus to explaining the ins and outs of LLC's, chapter 2 (The LLC vs. Other Business Structures) is a veritable introductory text on corporate structures, such as sole proprietorships, general partnerships, S corporations, and RLLP's (I'd never even heard of an RLLP which means "Registered Limited Liability Partnership").

Appendix B consists of a sample operating agreement, the sort of thing I find brings some real world clarity to these kinds of business issues. Appendix C gives a basic "Checklist for forming a basic LLC" which serves to clarify issues as well.

This work is excellent at pointing readers to more appropriate, in-depth resources. Two such are the author's other NOLO works, Form Your Own Limited Liability Company and Your Limited Liability Company: An Operating Manual. I confess to not having seen either of these works, but intend to seek them out based on this book.

Disclaimer: The author of this review received a free review copy of this book via the Amazon Vine program. ( )