Your Limited Liability Company

Running your LLC, step by step

A limited liability company can give your small business both tax benefits and protection from personal liability for business debts.

But without careful record keeping, regular meetings, and formal minutes, you could lose these advantages.

Your Limited Liability Company provides all the instructions and forms you need to maintain the legal validity of your LLC. Forms include:

• Minutes of LLC Meeting

• Waiver of Notice of Meeting

• Approval of LLC Minutes

• Written Consents for Single-Member LLCs

You'll also find more than 50 of the most commonly used legal resolutions to insert in your minutes or written consents.

Use them to:

• declare distributions of LLC profits to members

• hire employees and contract with outside firms

• approve LLC contracts

• approve salary increases and bonuses

• authorize bank loans

• elect corporate tax treatment for your LLC, and

• amend the articles and operating agreement.

With Downloadable Forms

Provides 70 minutes and resolution forms with step-by-step instructions on how to document important LLC decisions, votes, and transactions. All forms are included in the book and are available for download.

“"I have a special place in my heart for Nolo... [Its goal] has always been to give the public enough information so that they can make informed decisions". New Orleans Times-Picayune "Berkeley-based Nolo has been publishing easy-to-read, self-help books on personal finance and law since the early 70s." Forbes "Nolo is a pioneer in both consumer and business self-help books and software." Los Angeles Times "Mancuso presents this eighth edition which explains step-by-step how to document important Limited Liability Company (LLC) decisions, votes, and transactions, explains how to hold meetings and create the minutes, written consent forms, and resolutions necessary to record LLC business. Everything is included on Nolo's website on the companion page for this book. It is not necessary to read the book from cover to cover; he suggests reading chapters 1 and 2, which explain some basics about LLCs and the options you have for making decisions, then, armed with this information, the reader can decide whether to document the particular decision to be faced by (1) holding an actual meeting of your members and/or managers, (2) preparing minutes for a meeting that doesn't actually occur (paper meeting), or (3) obtaining the written consent of your members and/or managers to the action or decision at hand. The members and managers of smaller LLCs that are privately owned and have a manageable number of members (up to about 35) with employees (up to about 50) can work together without a great deal of controversy." Eithne O'Leyne, Editor, ProtoView Author comments: There are now over 2,500,000 LLCs in the United States. But many new LLC owners form their LLC and then have no idea how to vote on resolutions or document decisions, or even know what decisions they need to make. LLCs need to keep minutes of important decisions just like corporations. Without recording important business and tax decisions in minutes forms, owners risk paying out of their own pocket for business debts and losses. This book has minutes forms and resolutions for any decision an LLC will have to make, and explains how to use them. Every form a new LLC could need to record a decision is in this book.”

"I have a special place in my heart for Nolo... [Its goal] has always been to give the public enough information so that they can make informed decisions". New Orleans Times-Picayune

"Berkeley-based Nolo has been publishing easy-to-read, self-help books on personal finance and law since the early 70s." Forbes

"Nolo is a pioneer in both consumer and business self-help books and software." Los Angeles Times

"Mancuso presents this eighth edition which explains step-by-step how to document important Limited Liability Company (LLC) decisions, votes, and transactions, explains how to hold meetings and create the minutes, written consent forms, and resolutions necessary to record LLC business. Everything is included on Nolo's website on the companion page for this book. It is not necessary to read the book from cover to cover; he suggests reading chapters 1 and 2, which explain some basics about LLCs and the options you have for making decisions, then, armed with this information, the reader can decide whether to document the particular decision to be faced by (1) holding an actual meeting of your members and/or managers, (2) preparing minutes for a meeting that doesn't actually occur (paper meeting), or (3) obtaining the written consent of your members and/or managers to the action or decision at hand. The members and managers of smaller LLCs that are privately owned and have a manageable number of members (up to about 35) with employees (up to about 50) can work together without a great deal of controversy." Eithne O'Leyne, Editor, ProtoView

Author comments: There are now over 2,500,000 LLCs in the United States. But many new LLC owners form their LLC and then have no idea how to vote on resolutions or document decisions, or even know what decisions they need to make. LLCs need to keep minutes of important decisions just like corporations. Without recording important business and tax decisions in minutes forms, owners risk paying out of their own pocket for business debts and losses. This book has minutes forms and resolutions for any decision an LLC will have to make, and explains how to use them. Every form a new LLC could need to record a decision is in this book.

Anthony Mancuso is a corporations and limited liability company expert. A graduate of Hastings College of the Law in San Francisco, Tony is an active member of the California State Bar. Tony writes books and software in the fields of corporate and LLC law and has studied advanced business taxation at Golden Gate University in San Francisco. He also has been a consultant for Silicon Valley EDA (Electronic Design Automation) and other technology companies. He is currently employed at Google in Mountain View, California. Tony is the author of many Nolo books on forming and operating corporations (profit and nonprofit) and LLCs. Among his current books are The Corporate Records Handbook; How to Form a Nonprofit Corporation; Incorporate Your Business; Form Your Own Limited Liability Company; and LLC or Corporation? His books and software have shown over 500,000 businesses and organizations how to form and operate a corporation or an LLC. Tony is a licensed helicopter pilot and guitarist.

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