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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.
- Sales Rank: #69514 in Books
- Published on: 2014
- Original language: English
- Number of items: 1
- Dimensions: 8.00" h x .30" w x 5.00" l, .29 pounds
- Binding: Paperback
- 120 pages
From the Author
This book is a part of the�in 100 Pages or Less�series.
About the Author
Mike Piper is the author of 7 personal finance books and the popular blog Oblivious Investor (obliviousinvestor.com). He is a Missouri Licensed CPA.
Most helpful customer reviews
31 of 33 people found the following review helpful.
Clear, Authoritative, On Point -- Meets Its Objectives and Delivers Some Extras
By Darrow Kirkpatrick
Another edition in CPA Piper's "100 Pages or Less" series, this book focuses on the common business structures, exploring the formation, liability, and taxation issues for each. (Note that Sole Proprietorships and Partnerships are covered as well.) The unique selling point of Piper's books is that they offer explanations in as concise a manner as possible. He truly does have a gift for clarity and brevity. If you follow his blog you'll know that he excels at crafting short but meaningful explanations. This economical book is no exception. If you're new to the topic and want to assess the various business structures quickly, you'll be rewarded. The book has everything you need for a basic understanding, and possibly the final decision. Beyond the essential financial and legal implications, Piper also assesses the paperwork overhead and professional costs (accounting/attorney fees) for the different structures, which I especially appreciated.
17 of 17 people found the following review helpful.
Short course on company organization types
By Mark Smallwood
If you're trying to figure out just which legal organization type you need to choose to start your business, this is the book for you. It's short, to the point, and details the major pros and cons to starting your business in each business type. I bought and read half a dozen books (Ok, maybe I didn't finish them all, because some of them are so detailed, they actually overwhelmed me with info) on the subject before finding these little 100 page books. I was leaning toward starting an LLC, which I've started before (as well as an S-corp), but by the time I finished this book, much to my relief, I decided to start off as a sole proprietor using contractors, rather than setting up a complex structure that requires a LOT of paperwork each quarter (especially the S-corp). The author helps you think about your needs and gives you the salient details about what's useful and not so useful in each organization type. The book is written in a very conversational tone which I found comforting. I went through the entire book in 2 sittings of about 1-2 hours each sitting.
16 of 16 people found the following review helpful.
Impressive review
By P. Hurwitz
As a lawyer, I have all of the necessary books which cover these topics, but what makes this title valuable is that it offers a quick and concise review. This book is full of practical advice, which is what my clients look for.
See all 112 customer reviews...
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