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Surprisingly Simple: LLC vs. S-Corp vs. C-Corp Explained in 100 Pages or Less, by Mike Piper
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The "LLC, S-Corp, or C-Corp" question is one of essential importance:
Make the right decision, and you'll be paying less tax; you'll know your personal assets are protected from lawsuits against your business; and you might even save yourself some money on accounting and legal fees.
Make the wrong decision, and you'll be throwing away money to Uncle Sam; you'll be wasting money on legal bills; and you'll be only a lawsuit away from losing your home and other personal assets.
Find the following, explained in plain-English with no legal jargon:
The basics of sole proprietorship, partnership, LLC, S-Corp, and C-Corp taxation.
How to protect your personal assets from lawsuits against your business.
When the protection offered by an LLC will work. (And more importantly, when it will not!)
Which business structures could reduce your Federal income tax or Self-Employment Tax.
Which structures can reduce your chances of getting audited.
Why LLCs are so popular recently (and why-perhaps-they shouldn't be).
- Sales Rank: #1342107 in Books
- Brand: Brand: Simple Subjects, LLC
- Published on: 2009-07
- Original language: English
- Number of items: 1
- Dimensions: 8.00" h x .29" w x 5.00" l, .28 pounds
- Binding: Paperback
- 100 pages
- Used Book in Good Condition
From the Author
A newer edition of this book is available. The new edition's title is: LLC vs. S-Corp vs. C-Corp Explained in 100 Pages or Less
Most helpful customer reviews
26 of 28 people found the following review helpful.
A simple, yet thorough, examination
By J. Headley
It's tough to find a decent, simple, easy-to-follow examination of the differences between an LLC, S-Corp, and C-Corp. When my accountant started telling me about this stuff, my head nearly imploded. Further research on making the right choice wasn't helpful at all. In fact, in some cases, it only made things worse. But this book was as illuminating as the big, shiny lightbulb on its cover. I even uncovered a key item that my accountant had forgotten to mention. Can't recommend this book enough.
16 of 17 people found the following review helpful.
A basic overview - just what I needed
By Ken Florian
Mr. Piper's book provides an excellent introduction to the major ways a business can legally organize in the United States. I acquired this book to prepare myself to meet with my tax attorney to discuss whether and how I ought to incorporate. Based on what I learned from this book, I was able to approach my attorney with sufficient knowledge to ask him more in-depth questions that pertained to my specific situation. This saved me time and money.
The only major improvement I would make to the book is to illustrate, in table form, the key characteristics of each major incorporation structure.
I will refer to this book again in the future and do not plan to supplement it or replace it with another book of its type.
Ken Florian
12 of 12 people found the following review helpful.
Clear, concise summary of business entities
By Stephen M. Orth
This book couldn't have come at a better time-- I'm in the process of starting my own software consulting business and I have spent weeks agonizing over which type of entity to create for my new company. Mike's book was an invaluable resource in helping me to understand the pros and cons, from both the tax and legal perspective, of each entity. A must read if you're about to take the plunge into the world of small business!
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