Bookkeeping: A Guide to Bookkeeping for Beginners and Basic Accounting Principles along with What You Need to Know About Starting an LLC by Robert McCarthy
Author:Robert McCarthy [McCarthy, Robert]
Language: eng
Format: azw3
Published: 2020-08-13T16:00:00+00:00
Part 2: LLC
What You Need to Know About Starting a Limited Liability Company along with Tips for Dealing with Bookkeeping, Accounting, and Taxes as a Small Business
Introduction
If you are one of the many highly motivated individuals who are looking to achieve the American dream by owning a business, forming a Limited Liability Company can be a great way to organize your company. This form of business structure has become one of the most popular in the U.S. because of its many advantages.
An LLC requires fewer formalities to start, protects you and your personal assets, and above all, offers tax flexibility. But don't take my word for it just yet. I will begin this book with an overview of the various business structures available to you and go over the main reasons an LLC is perhaps the best option. Whether you are just starting out as an entrepreneur or you have your own company established already, this book will help you understand why an LLC business may be the best option for you.
This book is divided into three sections for easy understanding and clarity. Part one contains in-depth information about the essentials of what a Limited Liability Company is and the various forms of LLC business structures available.
In part two, we zoom in on the process of forming a Limited Liability Company. If you are won over already on the idea of establishing your business as an LLC, this chapter contains a handy guide that takes you through the process. It will highlight the process of starting an LLC from scratch or converting an already-existing business to a Limited Liability Company. Part two also contains information about basic LLC formation processes, such as choosing the right name for your business, creating the articles of organization, and the LLC operating agreement, which is a vital document that establishes your business as an LLC.
This book is an A to Z guide on forming and running your own Limited Liability Company. Part three covers in detail the various processes involved in the day to day running of a Limited Liability Company. You will find information about how to do accounting for your LLC, preparing financial statements, and doing taxes for an LLC.
All the information contained in this book is designed to help you to build a Limited Liability Company that thrives and complies with all the regulations and standards. So whether your mind is already made up to start a Limited Liability Company or you still need some convincing, follow along as I show you, step-by-step, how easy creating your own Limited Liability Company can be.
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