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LLC Beginner’s Guide: How to Successfully Start and Maintain a Limited Liability Company Even if You’ve Got Zero Experience (A Complete Up-to-Date & Easy-to-Follow Guide) Kindle Edition

by Walter Grant (Author) Format: Kindle Edition
4.7 4.7 out of 5 stars 544 ratings
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Planning to start an LLC of your own? Don’t begin until you know about these costly mistakes.

Do you know what makes banks less likely to give you a business loan?

Or what kind of information your state will penalize you for if you don’t report it each year?

What about the risks to your personal assets if you don’t properly structure your company?

These are just a few examples of the innocent mistakes many people make when starting an LLC.

But they’re peanuts next to what’s possibly the most common mistake among business owners — not knowing the ins and outs of LLCs before forming one.

Without a basic understanding of what goes into launching and running an LLC, you could end up wasting thousands of dollars fixing even the smallest mistakes.

What specifically should you know before you start?

This is just one of the key questions covered in this book.

Based on the author’s own experience starting his own businesses, it shows you not only which mistakes to avoid but also tips for managing your LLC successfully once it’s up and running.

Here’s a small fraction of what you’ll find inside this book:

  • How to start your LLC in just 6 easy steps, and what to know before you begin the process
  • An all-too-common pitfall among owners that chokes business growth (plus, 4 other first-timer mistakes to avoid when forming your LLC)
  • How to know whether you really need an LLC, and 5 alternative routes you can take to forming a business
  • The 9 key documents every LLC owner needs to keep track of to stay out of trouble with the law
  • A simple method for finding strangers to invest in your business without meeting face-to-face (you might be surprised just how easy this is to do on your own)
  • 5 deciding questions to ask yourself before you form an LLC (and the very first thing you should do immediately after you’ve formed your LLC)
  • Why it might be better to have your business taxed as a corporation, and two different types of corporations to consider based on your situation
  • How to choose the right structure for your business — it all depends on these 9 factors
  • The one condition that allows you to skip paying taxes as an LLC (most other business entities don’t offer this special tax benefit)

And much more!

Specifically written for beginners, this book clears out a simple and easy-to-follow roadmap for starting and managing your LLC completely from scratch.

By the end, you’ll know how to choose the right type of LLC… what kinds of paperwork you need to file… and which first steps to take after forming your LLC.

So even if you’ve never started a business before, you can launch your LLC smoothly the first time around.

If you’re ready to map out your path to becoming an LLC owner, then scroll up and click the “Add to Cart” button right now.

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  1. Print length
    154 pages
  2. Language
    English
  3. Sticky notes
    On Kindle Scribe
  4. Publication date
    April 18, 2023
  5. File size
    616 KB
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From the Publisher

the costly mistakes to avoid and ways to save money
protect your business from dreaded financial ruin and ensure a secure legal future for your business

what to know before opening an llc

The most common beginner’s mistakes to avoid

The alternatives to forming an LLC

The documents every LLC owner needs to keep track of

What to know before opening an LLC

Before opening an LLC, it is essential to understand the business structure, the tax implications, and the formation process.

That's why in this book you will understand what essentials you need to know, such as start-up and maintenance costs or your legal responsibilities as an owner, thanks to a detailed overview of these and other topics!

The most common beginner’s mistakes to avoid

Lack of a proper operating agreement, failure to separate personal and business assets, and ignorance of tax laws are mistakes that can cost a beginner very dearly.

In the book you will discover how to avoid these mistakes, saving thousands of dollars and ensuring the success of your LLC!

The alternatives to forming an LLC

If an LLC is not the right option for you, there are other alternatives to choose from.

You'll learn how proprietorships, partnerships, S Corporations and C Corporations work, choosing the best options for you and your business!

The documents every LLC owner needs to keep track of

Every LLC owner must keep perfect track of specific documents, such as the operating agreement, LLC formation documents, business licenses and permits, and tax returns.

In the book you will find a detailed list and tips on how to manage these documents, saving time and resources and keeping your LLC organized.

dont give up tax benefits that 70% of llc owners dont know about
take the first step towards starting your llc today

Product details

  • ASIN ‏ : ‎ B0C2ZJRJPJ
  • Publication date ‏ : ‎ April 18, 2023
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 616 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Sticky notes ‏ : ‎ On Kindle Scribe
  • Print length ‏ : ‎ 154 pages
  • Page numbers source ISBN ‏ : ‎ B0C2RRNYJD
  • Customer Reviews:
    4.7 4.7 out of 5 stars 544 ratings

About the author

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Walter Grant

Walter Grant

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Walter Grant is an American entrepreneur and author. His specialty and expertise lie in business startups.

As a child, Walter was considered a creative type and was often "in his own world" with his vivid imagination. He kept building random things and designing the most unique creations with the materials he had around him. That creativity never left him, and so growing up, he knew he wanted to build his own business one day. His dream did not come to realization easily or quickly. After graduation, Walter landed a corporate job and worked there for five years until one day when he decided to quit.

Shortly thereafter, he went out on his own and started a business. After two years of hard work, the company still hadn't taken off as he had first expected. Eventually, things got worse, and he had to file for bankruptcy. Even though this was a major setback, he did not quit. After a short break, he got back on his feet and decided to start from zero. This time, after learning from his previous mistakes, he made quick progress, and after a few years, he moved on to selling his second company for multiple 8 figures.

Today, Walter Grant partners with industry experts to create educational resources such as books. Together they share their wisdom to help small business owners and beginner entrepreneurs achieve their business goals and become financially independent.

Customer reviews

4.7 out of 5 stars
4.7 out of 5
544 global ratings
Believe in Yourself
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I got my LLC online and need help which they provide but it's nothing like having a book.
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Top reviews from the United States

Lisa M Ehli
5.0 out of 5 stars Save Money, Save Time, Save Yourself: A Review of "LLC Beginner's Guide" by Walter Grant
Reviewed in the United States on February 19, 2024
Verified Purchase
Dreaming of starting your own business but worried about making expensive blunders? This book is your financial guardian angel.

I'm not exaggerating. As a first-time entrepreneur myself, I dove into this book with a healthy dose of skepticism and emerged a believer. Author Walter Grant, seasoned entrepreneur himself, doesn't just warn you about pitfalls, he equips you with a shovel and a map to navigate them.

Here's what I loved:

* **Actionable advice:** No fluff, just clear, step-by-step instructions on forming and managing your LLC. It's like having a personal consultant whispering sage advice in your ear (without the hefty hourly rate).
* **Real-world examples:** Grant doesn't just tell you what to avoid, he shares his own entrepreneurial stumbles, making the lessons relatable and impactful. It's like learning from a friend's mistakes, not a dusty textbook.
* **Comprehensive coverage:** This book goes beyond the basics, covering everything from tax implications to investor strategies. It's your one-stop shop for LLC knowledge, saving you time and money searching elsewhere.

But be warned, this book isn't a magic wand. It requires effort, but the rewards are substantial. If you're serious about starting an LLC and avoiding costly missteps, this book is an investment, not an expense.

Here's who would benefit most:

* **Total newbies:** This book is your LLC kindergarten, holding your hand and guiding you through the alphabet soup of legalese and paperwork.
* **Side hustlers:** Even if your business is small, the financial implications of an LLC are important. This book ensures you're making informed decisions.
* **Anyone considering alternative business structures:** The book explores options beyond LLCs, helping you choose the right fit for your venture.

Overall, "Planning to start an LLC of your own?" is a must-read for anyone embarking on the exciting, yet potentially perilous, journey of entrepreneurship. It's a clear, concise, and valuable resource that could save you time, money, and a whole lot of headaches. So, grab your copy, buckle up, and get ready to launch your LLC with confidence!
16 people found this helpful
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Ttaylor721
5.0 out of 5 stars Good Basic Info and Refresher for Do's & Dont's
Reviewed in the United States on February 22, 2024
Verified Purchase
Overall this is a good book to learn basic steps, what to do, and what is needed as a beginner. I personally knew much of this information however it was a great refresher to know what I need to do, what not to do, and how to do it as I jump back into starting a LLC. I recommend this book to everyone who is looking at starting an LLC or wants to understand what it means and how things are done. Adding knowledge of basic business start-ups is important knowledge regardless of your field of interest or prior experiences.
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Ttaylor721
5.0 out of 5 stars Good Basic Info and Refresher for Do's & Dont's
Reviewed in the United States on February 22, 2024
Overall this is a good book to learn basic steps, what to do, and what is needed as a beginner. I personally knew much of this information however it was a great refresher to know what I need to do, what not to do, and how to do it as I jump back into starting a LLC. I recommend this book to everyone who is looking at starting an LLC or wants to understand what it means and how things are done. Adding knowledge of basic business start-ups is important knowledge regardless of your field of interest or prior experiences.
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One person found this helpful
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R. N.
5.0 out of 5 stars Saved us right when we needed it most
Reviewed in the United States on April 12, 2024
Verified Purchase
My mother, who runs her own business, finally encountered the need to start her own LLC, for a handful of reasons. But she was about to go into it blind, not sure at all where to begin or how one should be managed.

Fortunately, I discovered this book at that time and ordered it for her. Since she's read it, she has felt a lot more comfortable with the process of setting one up and now knows what she needs to be running that LLC! Her LLC has now been created and is in a good state. This book literally came into our lives at just the right time to save us.

The book itself is nice quality and big, with even a large enough font that kept it easy to read for my mother who requires reading glasses most of the time. It's structured in a clear way that is easy to reference as well. I like the cover design too.
One person found this helpful
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Andrea Cercado
4.0 out of 5 stars Great job providing the basics!
Reviewed in the United States on November 21, 2023
Verified Purchase
While I originally found this topic intimidating, this book really helped simplify such a broad subject. The clarity with which it outlines an easy 6-step process for starting an LLC is commendable. It not only demystifies the formation process but also highlights potential stumbling blocks any person intimated by this matter can encounter. Lucky for me, it addresses first-timer mistakes, which helps providing some insight to steer clear of unnecessary setbacks that I could expect as a novice of this subject.

What sets this book apart for me is its proactive approach. I liked how after all said and done, it didn’t shy away either of acknowledging that an LLC might not be the right fit for everyone. Also, the emphasis on taxation options adds a layer of depth of an otherwise boring matter, providing valuable information I often see overlooked in introductory guides.

It's certainly a must-read for anyone considering starting their own business, ensuring a smooth and informed journey into the world of entrepreneurship.
One person found this helpful
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Mariah James
5.0 out of 5 stars An Incredible Guide for Everything Surrounding LLCs!
Reviewed in the United States on December 2, 2023
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5⭐️

If you’re wanting to know anything at all about LLCs, and specifically, starting one, this is the ultimate guide for you. I really loved how this book had so much information and knowledge, but also explained everything in a thorough and easy-to-understand way. Starting an LLC can feel very intimidating and scary, and so I loved how the author created this guide with beginners in mind and gave answers to important questions, which really helped to ease a lot of my apprehension surrounding the topic of starting an LLC. From explaining how to form and structure an LLC to the taxes and risks of LLCs, this book gives you all the advice and dos and don’ts when forming your own LLC. Also, at times when I was confused on certain vocabulary, I really appreciated the glossary the author placed in the back of the book; it helped a lot with my understanding. This was an informative and invaluable read, and I’ll definitely be keeping this one in mind.
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Jeffie Jeff
5.0 out of 5 stars Don't get a lawyer, get this book
Reviewed in the United States on March 14, 2024
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The idea of starting a business is exciting but all the paperwork to get started is not. This book is a great start to forming your LLC. I am a beginner and doesn't know much about forming an LLC. I thought about paying a lawyer to do it for me - the quote - $1,500. Save your money and get this book instead.
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lawrence neely
5.0 out of 5 stars The laws and tax info
Reviewed in the United States on March 22, 2024
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I liked all the info that you gave it was very important and helpful
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Jaydon
5.0 out of 5 stars Easy guide to understand with invaluable Information
Reviewed in the United States on March 6, 2024
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I have heard a lot about LLC’s, however this book really brought it all together and added so much structure and value to the foundation of my business ventures. This is a must read if you are starting a business for the first time.
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Top reviews from other countries

Jimmy K Brown
4.0 out of 5 stars A good guide for beginners
Reviewed in Australia on November 11, 2023
Verified Purchase
This beginner's guide on starting an LLC is a good resource for those new to businesses. It simplifies the process and highlights the advantages of LLCs, making it a great starting point for those concidering a new business venture.
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