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This guide optimizes the flexibility and tax advantages of limited liability companies (LLCs), and helps analyze planning issues. It analyzes planning issues. It includes an expanded discussion comparing LLCs with other types of entities, analysis of the rights and responsiblities of LLC members and managers, and a discussion of the impact of bankruptcy and securities laws on LLCs.
Includes a CD-ROM containing 12 industry-specific operating agreements, plus sample Articles of Organization.