Do-It-Yourself Georgia LLC Kit: Economy Edition
Are you ready to set up your own limited liability company? You've got several approaches you can use. You can pay an attorney $1000. You can pay an online paralegal service $200-$300. Or, you can just do the setup yourself using this do-it-yourself kit. You'll save hundreds of dollars. And, as an extra benefit, you also learn more about llcs and their tax benefits in the process.
Tip: Need to learn more about limited liability companies first? Visit the giant FAQ maintained by Stephen L. Nelson at the LLCs Explained website (visit homepage). You may even want to peruse Nelson's related S Corporations Explained website (visit homepage) or the Fast Easy Incorporation Kits website (visit homepage) if you need more information about either of these options.
The Do-It-Yourself Georgia S Corporation Kit is approximately 20pp in length. The document describes a limited liability company’s legal and tax characteristics and then provides step-by-step instructions for preparing the LLC formation documents and submitting the formation documents to the state of Washington.
The document next provides step-by-step instructions for getting a federal tax identification number also known as an employer identification number or EIN. And, finally, the document supplies detailed discussions of and instructions for having the limited liability company treated as an S corporation for federal and state tax purposes. By the way, yes, you just read right! You should use an LLC as the platform for forming an S corp , or S corporation, for the reasons explained in the ebook!
NOTE: The Economy Edition of the Do-It-Yourself LLC Kit does not include the discussions of and instructions for having the limited liability company treated as a C corporation or S corporation federal and state tax purposes. These discussions and instructions appear only in the Premium Edition of the Kit. The Premium Edition of the Kit, however, is also available through the Payloadz.com web site.
About the author:
The Do-It-Yourself LLC Incorporation Kit: Georgia LLC Formation was written by Redmond, Washington CPA Stephen L.Nelson. Nelson, who holds both an MBA in finance from the University of Washington and an MS in taxation from Golden Gate University, is the author of several bestselling books including Quicken for Dummies and QuickBooks for Dummies. He was also an adjunct tax professor at Golden Gate University's graduate school of taxation, where he taught LLC and S Corporation tax law.
The sample operating agreements included in the Do-It-Yourself Limited Liability Formation kits were written by St. Petersburg Florida attorney Carl Baranowski. An attorney for two-plus decades, Baranowski has worked both as an in-house corporate counsel and as practicing attorney, serving both private and public real estate and high technology companies. Baranowski holds an MBA and JD from Stanford University as well as two master's degrees and a bacheloreate degree from Massachusetts Institute of Technology. A member of both the Florida Bar and the Texas Bar, he's also the co-author of the popular legal reference, Representing High-Tech Companies Law Journal Press, 2006.