How to Form Your Own California LLC (Limited Liability Company) Before the Ink Dries: A Step-By-Step Guide, With Forms (How to Form a Limited liabili

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Summary: Solid, no nonsense advice on forming a California LLC
Review: I found this book helpful and time-saving. In general, it provides an overview of the limited liability company format, making entity comparisons between LLCs, corporations, and partnerships. It also focuses on specific California issues, such as California (as well as federal) tax angles. The appendices furnish an array of useful forms, some not directly related to LLC formation, but important in the larger business context. Included are state of California Articles of Organization for LLC formation, a model operating agreement, sample minutes of the members' first organizational meeting, an application for reservation of name, a preorganization subscription agreement, a bill of sale agreement, and a medical and dental reimbursement plan. Finally, membership certificates are appended as well and will do the job, but since these are photocopies, most people will want to order fancy custom-printed membership certificates from one of the companies supplying them. Almost all of these items can be tracked down by the persistent but prove especially handy in this one-stop format. One exception is the detailed operating agreement provided, which is invaluable and worth the price of the book alone. I could not have created this essential document on my own without this model. The step-by-step instructions, with filled-in forms as examples, and the appended form archives considerably speeded up the process of formation of my California LLC, if not "before the ink dries!" as the title asserts.

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Summary: This book was published before the ink dried...
Review: This is an incomplete book that covers only the basics of "forming" a LLC. Not "maintaining"! I bought this book hoping to learn how to protect my business from lawsuits when litigants try to "pierce the corporate veil". Unfortunately there's NO talk about the formalities of maintaining the LLC. No talk about NOT commingling personal expenses with LLC expenses. No talk about setting up a separate LLC bank account. No talk about having a separate business phone line. No talk about having your web site registered in the name of the LLC. And where's the talk about sufficiently capitalizing the LLC relative to the level of business it generates? Failure to start the LLC with enough capital can make you personally liable to lawsuits. A dime a dozen are agents, lawyers and authors that try to make a buck off of you by getting you incorporated "before the ink dries". Just once I'd like to see someone who goes the whole nine yards by telling the WHOLE story about incorporating. The body of this book is 92 pages long followed by some forms...

Rating:
Summary: LLC California
Review: Very helpful with an LLC in California. Insightful information as to California Codes and structural composition of the limited liability company.

While ongoing affairs are not covered, that is the beauty of the LLC. Resolutions, meetings of shareholders and managers are not required to maintain limited liability characteristics.