Get LLC answers and learn the basics of limited liability companiesIf you run your own business, you've probably heard about limited liability companies. Business owners who operate LLCs aren't personally liable for business debts, so their personal assets are generally not at risk. B... ut is forming an LLC right for you?Nolo's Quick LLC provides essential information for business owners in every state. In plain English, it explains the advantages and drawbacks of forming an LLC -- including limiting your personal liability. Find out about:the unique legal features of LLCs, including limited personal liability for ownerswho should and shouldn't -- form an LLChow to choose among an LLC, corporation, partnership or other business formchoosing between a member-run or a manager-run LLChow LLCs are taxedhow to manage multiple-owner LLCs, andthe ongoing legal and tax paperwork that's required. Practical, concise and easy to read, this edition of Nolo's Quick LLC provides the latest facts, figures and updated tax information you'll need to know about this structure for your small business
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