LLCs are one of the most popular types of entities in the United States today. Offering the flexibility and freedom-from-formality that many business owners crave, they can be structured to serve unique business needs. Since their humble beginning in Wyoming, LLCs have become so popular that nowadays more LLCs are being formed and registered in states than corporations.

Our LLC handbook provides a handy overview of topics related to LLCs for business owners and legal professionals. It provides the fundamentals for understanding the nature of LLCs and their structure. It also includes a glossary of LLC-related terms for quick reference. Equipped with this information, you’ll be better prepared to set up the management control and other features of your LLC.

Table of Contents

• Forms of Business Organizations
• Nature and Characteristics of a Limited Liability Company
• Formation of Limited Liability Companies
• Members
• Management
• Changes in Limited Liability Company Structure
• Tax and Reporting Requirements
• Foreign Limited Liability Companies