Book Description
This user friendly manual is a complete home study course for establishing and effectly administering your Corporation, Limited Liability Company or Limited Partnership.
Compiled by corporate strategists, this manual provides complete details addressing why you should incorporate your business, how to totally maximize corporate advantages, and maintain critical elements of the ongoing corporation.
Customer Reviews:
Very informative, a little pricey........2007-08-08
If you are just starting a business, this is a great read BEFORE you get started. Lots of info on which "status" is best for your company - LLC, S Corp, etc.
Awesome Business Advise.......2007-07-11
This book helped me to restructure my business for the next year. My accountant was amazed by the ideas I presented during our last meeting. This book gave excellant illustrations showing the financial statements of businesses before and after they restructured using the methods in the book. I recommend it for anyone in business (or thinking of one day going into business).
Inc. & Grow Rich Review.......2007-02-08
This book is very informative. The book is written so that anyone that reads it can understand it. Anything you've ever wanted to know about taxes to get better returns this is a must read. I like the way the book is broken down into categories. If you're looking for something in particular, it's not hard to find. Anyone who has their own business should definitely read this book and also keep it as reference at all times. This book has so much useful information in it, one would be amazed. This helped me to be able to cut my tax expenses by a lot. I highly recommend this book to anyone with their own business or those who plan to start their own business.
Great for the new President.......2007-01-06
This book was recommended to me by my C.P.A. For those who are new to the corporation game, this is a great book! Inc. & Grow Rich! will open your eyes to the full potential of being incorporated. The more seasoned business owner will still find interesting tidbits in this book.
Ludicrous.......2006-07-29
I didn't read the passage that the other reviewer did, who stated: "Did you know that if you start a business from your home, everything you currently own and use for the corporation (tables, computers, chairs, etc.) can be considered a donation to the corporation, resulting in a write off on your individual tax return? You can even write off your rent if you operate from there!" But assuming his citation of the book is accurate the book is flat wrong. A contribution by a shareholder to a corporation in a 26 USC 351 transaction is NOT A CHARITABLE CONTRIBUTION and IS NOT DEDUCTIBLE by the contributing shareholder. Moreover, one cannot contribute assets to a corporation in exchange for stock, and then cause the corporation to make a 26 USC 179 election with respect to the contributed assets.
Merely operating a business inside corporate solution is not a silver bullet for tax savings. Nor, as some will claim, is forming a NV corporation.
Book Description
Create a nonprofit in your state without a lawyer!
The process of becoming a tax-exempt organization may appear intimidating, but with How to Form a Nonprofit Corporation, you can do it quickly, easily and with confidence.
This bestselling book includes complete instructions for obtaining federal 501(c)(3) tax exemption and for qualifying for public charity status with the IRS. It will help you
*complete an IRS tax-exemption application
*prepare articles of incorporation
*write the bylaws of your nonprofit
*fill in minutes of the organizational meeting
*understand your state & specific nonprofit requirements
The 7th edition is completely updated to provide the latest federal and state rules. It also provides the latest forms you need, including the new IRS Form 1023, Application for Recognition of Exemption Under Section 501(3)(c).
What are you waiting for? Incorporate your nonprofit without a lawyer and save the money for your worthy cause!
Customer Reviews:
Very helpful for starting a new non-profit.......2007-06-09
Really helped a client of mine in starting up a new non-profit. Clear instructions, lots of advice and online help.
Great book for Starting a Non/not for profit.......2007-05-12
This is a great book!! He tracks the langauges of the required statutes and it has everything you need!! It is "The Bible" of how to books for starting a Non-profit. The only draw back is that it does not give a lot of advice for starting a church. However, that does not diminish its potency.
TOPS!.......2007-01-06
After reading this book, I found it to contain everything I was hoping for. I don't feel I'll have any trouble now in starting my corporation. Thanks for such a well written educational tool.
A Wonderful Resource.......2006-11-06
This book's title says it all. It gives you the nuts and bolts of how to form a nonprofit corporation. The CD includes many useful documents including the federal tax forms and sample bylaws. If you are planning to found a nonprofit, this step-by-step guide is just what you need.
Setting up a Non-Profit is Easy.......2006-11-05
Book was very valuable in setting up a non profit for selling fair trade Honduran coffee in the US. Guided me through all the initial steps of setting up a board and application for tax free status (in progress).
Book Description
If you’re a business owner, incorporation can help you protect your personal assets and cut down your tax bill. But all the paperwork and legalese can make incorporation seem like more trouble than it’s worth. Incorporating Your Business For Dummies offers all the savvy tips you need to get incorporated — starting today!
Whether your business is big or small, incorporating isn’t as simple as it could be. This handy reference makes incorporation make sense, and guides you through the process step by step. From handling the mountain of paperwork to getting back to business once you’re finished, Incorporating Your Business For Dummies offers a wealth of helpful advice on these and many more topics:
- Knowing whether or not incorporation can help you
- Choosing the type of entity that will work best for your business
- Dealing with shareholders and shareholder agreements
- Transferring money and assets in or out of the corporation
- Documenting corporate actions and maintaining compliance
- Finding the right attorney, accountant, tax advisor, and other professionals
Written by the experts at The Company Corporation, who handle more than 100,000 incorporations every year, this helpful book offers the kind of advice you can only get from professionals — but in a user-friendly, lingo-free format. Whether you just want a little help with the paperwork, or don’t even know what a corporation is, you’ll find everything you need to know:
- What limited liability means
- Corporate statutes, bylaws, and articles
- Choosing directors and assigning duties
- The benefits of S corporation status
- Deciding where to incorporate
- Registering corporate names and domain names
- Balancing equity versus debt
- Understanding shareholder rights
- Getting your financial information in order
- Hiring a professional to help with corporate compliance
If you want step-by-step help on setting up your corporation, dealing with the paperwork, and getting off on the right foot, Incorporating Your Business For Dummies is the only resource you need. Packed with the kind of tips and advice you’ll find nowhere else, it’s the uncomplicated way to get incorporated.
Customer Reviews:
Incorporating your Business for Dummies.......2006-03-18
The book gave a good review of the different types of Incorporation. The type that might be best for any business desired with different requirements and tax advantages of each type. Whether one has partners makes a difference in type needed or whether one wants to sell stock in their company or not.
For a primer it is good but one needs a more in depth knowledge or a tax expert to really get more out of the type of incorporation wanted.
Good as a starter, but you will need more........2004-03-07
Inc for Dummies is not just for dummies, it is a good book on How To Incorporate, but you will need more.
Some additional books icnlude How To Incorporate: A Handbook for Entrpreneurs and Professionals by Michael R. Diamond. How To Incorporate in Any State: Everything You Need to Form a Corporation by W. Dean Brown. S- Corporations by Robert Cooke.
Form Your Own Corporation and Launch a Business in Any State and The Small Business Kit by J.W. Dicks.
Use the dummies book as a starter guide. Use the other books for the real meaty information. Be careful what you buy, the marketplace is proliferated with books by self proclaimed experts who read a lot but have no real world experience.
just the tip of the iceberg.......2004-02-27
In order to maintain the legal status of your corporation, you need to pass very specific resolutions and keep very specific records. I had hoped for a "cookbook" for the legal steps required to set up and operate my corporation, but this is not it.
The info on corporate structures is very basic and general - you could easily find this level of detail on the web. That's my primary complaint with this book... it mentions what you must do, but doesn't give you the specifics of how.
Instead of this book, I recommend you:
(1) Get the *basics* from your lawyer or accountant (or even doing some research on the web)
(2) buy The Corporate Minutes Book by Anothony Mancuso instead of this book!
Good book for those contemplating a corporation.......2004-02-23
If you are contemplating starting a business and therefore a corporation, this book is a great first start. As with all of the dummy series books, the authors feel that people reading these books are brand new and know nothing. So this gives even the most naive a good start on how to incorporate.
So much of the information is basic and since the book was written awhile ago, some of the material may be dated. Nonetheless, good first start for business people.
Other good books include How To Start a S-Corporation by Robert Cooke and Brilliant Deductions by Wade Cook. The latter shows a way to drop out of the social security system and offers a good section on Nevada Corporations.
Okay, but not enough meat.......2003-12-01
I thought that this book was an okay read but left some very important information out especially regarding S-Corporations.
The best book I have found on S-Corporations is How to Form a S-Corporation by Robert Cooke.
Book Description
How To Start And Run Your Own Corporation: S-Corporations For Small Business Owners begins where many incorporation books leave off. Peter Hupalo, author of Thinking Like An Entrepreneur, teaches you the basics of corporate business structure. How To Start And Run Your Own Corporation: S-Corporations For Small Business Owners will help you understand:
* Which Business Structure Might Be Best For You
* How To Decide Between An S-Corporation And A LLC
* How To Choose Your State Of Incorporation
* How To Form Your Own Corporation
* S-Corporations
* Par Value And No Par Value Stock
* Issuing Shares
* Valuing A Small Business Corporation
* Financing A Corporation Through Equity And Loans
* Attracting Angel Investors For Your Corporation
* Shareholder S-Corporation Basis
* The Accumulated Adjustments Account (AAA) And Schedule M-2
* Filling Out The 1120S Corporate Income Tax Return
* Special Issues For One-Person Corporations
* The Role of Bylaws And Corporate Minutes
* The Role of Directors And Officers
* Withdrawing Money From Your Corporation
* Social Security/Unemployment Insurance On Officer Salaries
* Workers' Compensation Issues For Officers
* Fringe Benefits And Employment Issues
* Qualified Retirement Plans, SIMPLE-IRA, SEP-IRA
* The One-Person 401(k) Retirement Plan
* How To Determine If Your Retirement Plan Is Safe From Bankruptcy
* How To Minimize Your Taxes
* The Tax Difference Between Pretax Purchases And After-Tax Purchases
* How To Prevent Your Corporate Shield From Being Pierced
Customer Reviews:
Informative, hard to plod through in places.......2005-03-02
The book has a lot of useful information about setting up and running small corporations.
Never Judge a Book by its Cover.......2005-01-23
This book provides vital information not usually covered in most self-publishing books and is a solid resource guide. Another confirmation that you need to read many books on your subject to familiarize yourself with the business. Areas such as how to protect your inventory by filing a UCC in the state the distributor is based, understanding the ins and outs of how distributors work, how to establish discounts and payment schedules that protect your financial structure, how to properly set-up your Accounts Receivable, Accounts Payable,taxes, LLC's, S Corporations,etc. Peter Hupalo's only weak area is his cover design. Anyone this intelligent should know their strengths and weakness's, and graphic design/layout is his. His book deserves better and would appeal to more buyers if it was redesigned.
Focus.......2004-12-30
I found the book focused more on C Corporations. A few of the chapters did focus on S Corps and it answered a lot of questions I had, and also raised more questions in the process. I found it did not go into real detail on S Corp deductions, or how to handle tax liability for an owner/employee.
The Book Saved Me Money.......2004-11-25
This book is, to me, misnamed. It's really about how taxes are collected on various types of business structures. It discusses the various business organizations such as sole proprietorships, limited liability companies (LLCs), and corporations. Under corporations both C and S corporations are covered. (I can't think of a catchy title to say that, so I guess the book can stay named as it is.)
Most of the book is on the S corporation. This makes sense as most small business should probably be S corporations. The small business isn't going to attract large numbers of investors. By shifting the income of the business to an S you can often save several thousand dollars in taxes by shifting between salary and dividends or what the IRS calls earned income and passive income.
When I got the book I had a couple of questions in mind like "how much salary should I pay myself." These questions aren't answered in most "how to incorporate" type books. What I wanted was two answers, what does the law say, and what are the real rules. I got both answers quickly and easily.
For me, the information I wanted was covered in about 10% of the book, the rest of the material I either knew or didn't care about. That 10% that I needed saved me many, many times the cost of the book.
Buy it with pre-tax dollars!.......2003-08-24
This is a great read for anybody considering incorporation or investing in an existing business. The author employs dozens of examples to illustrate the key decisions involved in choosing a business structure and how to manage it. Potential downside is given equal weight with potential savings, and often neglected issues affecting minority shareholders like "dilution" and "freeze out" are given a fair hearing.
The section on pre-tax vs. post tax purchases was particularly well illustrated. Find out why a $0.37 stamp may cost you $0.25 when you buy it through your business and $0.56 when you steal it from your personal stationary drawer. The author's conservative approach to accounting was refreshing in a world of books that profess to tell you how to beat the IRS. The strategies for maximizing shareholder income in this book are based on solid, legitimate planning.
The only fault I found with the book is that the number of examples led the author to be a little too imaginative with made-up business names. However, that wasn't enough to stop me from reading it from cover to cover in less than 24 hours.
Book Description
"One of the best business books of the year!" -Library Journal
Includes the Limited Liability Company
The Bestselling Guide to Incorporating Your Business-Updated and Expanded for the New Millennium
- Should I Incorporate?
- Which Form of Corporation Is Best for My Business and Long-term Goals?
- What Additional Legal Liabilities Do I Assume When I Incorporate?
- What Are the Tax Laws Concerning Corporations and How Do I Take Full Advantage of Them?
- How Do I Form a Corporation?
Get detailed answers to these and every other question you have about incorporating your business in How to Incorporate, Fourth Edition. Attorneys Michael Diamond and Julie Williams weigh the pros and cons of incorporating and help you choose the form of corporation that's best for you. They tell you how to structure your corporation for maximum legal, tax, and business advantage. And they supply you with a gold mine of sample forms-including tax forms and preincorporation, shareholder, and voting trust agreements-along with step-by-step instructions on how to fill them out.
Covering all the latest changes in the laws regarding corporations and partnerships, and featuring a critical new chapter on the limited liability company, How to Incorporate, Fourth Edition gives you the most up-to-the-minute information, advice, and guidance on:
- When to form a standard incorporation and when to go with an alternative, such as Subchapter S, partnerships, limited liability companies, and proprietorships
- How to make statutory requirements work to your advantage
- Executive compensation and how to take tax-free benefits out of your corporation
- How to handle special agreements, securities laws, forms of incorporation, stockholders, dividends, and more
- How to complete IRS forms, take minutes, create bylaws, and post notices of meetings
- How to use incorporation forms for many different states as well as forms for general use based on the Model Business Corporation Act
. . . and much more to give you the how, why, and when of incorporating in today's fast-paced business world.
Customer Reviews:
Good book on incorporating your business.......2003-12-01
How to Incorporate is an excellent book to show the average guy how to incorporate. It is an easy read and packed with good information.
Some other books you will want to read are Form Your Own Corporation and Launch a Business In Any State by J.W. Dicks, Inc. Yourself by Judith McQuown and Incorporating Your Business for Dummies by The Company Corporation. For more information on S-Corporations, How To Form A S-Corporation by Robert Cooke is the best book that I have found and the one most recommended by successfult business people.
Technical and Well Rounded.......2001-03-16
This book is basically a textbook, as it contains a lot of the details that are common to incorporation in any state. While the authors have stayed general enough to remain in an interstate appeal, they have still covered almost every legal aspect of incorporating, WITHOUT giving advice as to what you should do. Also covered are: sole proprietorships and limited liability coporations/partnerships and more. Good buy if you want a good cursory understanding of business vehicles. I recommend it. Please vote if this did help you.
An excellent addition to any entrepreneurýs library.......2000-07-06
This book is excellent! I have a Ph.D. and an MBA and have taken a lot of courses and read lots of books, business and otherwise. This text summarizes a lot of important information into a small book. This is not for simpletons, rather it gives important information for anyone wishing to incorporate.
Covers important topics, a little confusingly written.......1999-04-15
It's really helpful in that it covers a bunch of the basic points. Ironically, I wish it focused on the tax implications of losses (to be expected in startups) as much profits :). I also found some of the writing confusing -- like in covering LLCs, it compares some facets of them to other corporate before really explaining how they work. But I liked the book, thinking it basically helps me have a more informed conversation with a lawyer, which I think is essential (since regulations change so fast, and can be state-specific).
Gave me some basic ideas on incorporating our small business.......1997-06-04
It answered a lot of questions I had about incorporating our small business. However, it would be an even better book had there been a chapter dedicated to what can be written off along with what percentage of the total cost or value of things. This always seems to be a gray area. Overall, it was a very informative book
Book Description
Entrepreneur's Notebook propels you on a whirlwind tour of the start-up process. It is an invaluable reference for new and experienced entrepreneurs that includes chapters on a wide range of topics, from entrepreneurial team building to business plans to financing. This excellent book provides an incredible amount of practical information that will help you make smarter decisions and avoid costly mistakes. The author, Steven K. Gold, is an accomplished entrepreneur who has co-founded and led five early-stage ventures. As an investor and mentor, he also advises many entrepreneurs and young companies. He earned his B.S.E. in Entrepreneurial Management from the Wharton School of the University of Pennsylvania, and his M.D. from Brown University Medical School.
Customer Reviews:
Nice Guide for Beginners.......2007-06-16
The author writes a nice overview of the entrepreneurial process. It's basically for novices but it does a good job for this audience. The only problem I have with this book is that it is too basic and is therefore non-unique because it is so low-level. Regardless, I must say that for the right audience, it does a fine job over giving the big picture.
If you are advanced or aspire to become advanced, I would recommend "The Startup Company Bible for Entrepreneurs" but only for high-tech entrepreneurs. Even this author has recommended it.
A Must-Have for Entrepreneurs.......2007-05-14
Steven gives great illustrations to drive home his insightful advice for entrepreneurs. As he's "been there, done that," we can take his advice to heart in the hopes of becoming a success like him!
Exellent Book.......2007-05-11
Great book for getting ready to open a new business. Would refer to anyone thinking about opening a business.
Brief and to the point.......2007-04-27
This is a delightful little book that contains a wealth of useful and helpful information and ideas on starting a small business and ensuring that it is viable and succesful. The book is well written and easy to follow and interesting to read.
This is a must read for entrepreneurs, particularly budding ones as the information the book provides is very practical and can help you avoid making costly errors. The book covers a wide range of topics including the start-up process, marketing the business on a small budget, cash-flow forecasting, among other things.
The book is an excellent companion for the entrepreneur that is well worth having.
Invaluable advice for the budding entrepreneur.......2007-03-04
This book does a terrific job of presenting some of the most important issues entrepreneurs face when embarking on new ventures, touching on topics such as the business plan, funding, team building, and cash flows. Using simple, yet stunningly accurate models of the entrepreneurial process, Steven Gold distills complex subjects into simple, practical, take-away messages. The classification of entrepreneurial personalities (professionals, pragmatists, and inventors) is something I think we can all relate to. I find the metaphor which compares building a new company to making "stone soup" equally compelling. There are countless books out there for budding entrepreneurs, but this one is no fluff. It gets right down to the nuts and bolts so you can concentrate on your business.
Book Description
Set up a corporation, skip the lawyer, save money!
Incorporate Your Business lays out everything you need to know about corporate laws and regulations in your state, clearly explaining:
why and when to incorporate
what you need to know about corporate taxation
whether to elect S corporation tax status
how to incorporate an existing business
Plus, you can save thousands of dollars in attorneys' fees by incorporating a business yourself -- Incorporate Your Business guides you through each step. In the end, your business will enjoy a number of advantages, including:
Limited Liability
Incorporating your business limits personal liability for business debts -- this means owners are not normally financially liable for business debts and court judgments.
Tax Advantages
You can split business income between yourself and your corporation, thereby lowering income taxes.
Access to Capital
Corporations have better access to private venture capital than any other type of business. They are also well positioned to raise capital by selling shares to the public.
Employee Perks
The owners of a corporation who work for the business are treated as employees. They can take advantage of tax-deductible, corporate-paid benefits such as:
pension plans
stock-option and stock bonus plans
medical expense reimbursement
term life insurance coverage
and more
Incorporate Your Business provides the forms you need as tear-outs and on CD-ROM, including articles of incorporation, bylaws, minutes, stock certificates and resolutions.
The 3rd edition provides the latest federal laws, plus the current laws, rules and procedures of your state.
List of Forms
Forms for Incorporating
Request for Reservation of Corporate Name
Cover Letter for Filing Articles
Iowa Articles of Incorporation
Nebraska Articles of Incorporation
Bylaws
Incorporator's Statement
Minutes of First Meeting of Board of Directors
Forms for Issuing Shares of Stock
Stock Certificates
Bill of Sale for Assets of a Business
Receipt for Cash Payment
Bill of Sale for Items of Property
Receipt for Services Rendered
Contract for Future Services
Promissory Note
Cancellation of Debt
Forms for Post-Incorporation Tasks
Notice of Incorporation Letter
General Minutes of Meeting
Download Description
"Set up a corporation, skip the lawyer, save money! Incorporate Your Business lays out everything you need to know about corporate laws and regulations in your state, clearly explaining: why and when to incorporate what you need to know about corporate taxation whether to elect S corporation tax status how to incorporate an existing business Plus, you can save thousands of dollars in attorneys' fees by incorporating a business yourself -- Incorporate Your Business guides you through each step. In the end, your business will enjoy a number of advantages, including: Limited Liability Incorporating your business limits personal liability for business debts -- this means owners are not normally financially liable for business debts and court judgments. Tax Advantages You can split business income between yourself and your corporation, thereby lowering income taxes. Access to Capital Corporations have better access to private venture capital than any other type of business. They are also well positioned to raise capital by selling shares to the public. Employee Perks The owners of a corporation who work for the business are treated as employees. They can take advantage of tax-deductible, corporate-paid benefits such as: pension plans stock-option and stock bonus plans medical expense reimbursement term life insurance coverage and more Incorporate Your Business provides the forms you need as tear-outs and on CD-ROM, including articles of incorporation, bylaws, minutes, stock certificates and resolutions. The 3rd edition provides the latest federal laws, plus the current laws, rules and procedures of your state. "
Customer Reviews:
7 Steps to Incorporate.......2006-01-03
I looked at several books and found this one by Nolo to be COMPLETE, SUPERB, EASY TO FOLLOW. It explains benefits of incorporating then lead you through very clear step-by-step instructions. CD provides samples, save you from typing and there's explicit instructions fro each state. I incorporated in MA successfully using this guide. The author(attorney) has written many related books in similar clear step-by-step fashion. Thank you so much. I couldn't have had the guts to incorporate without this book and it turned out to be so easy.
Book Description
The forms and information you need you need to give back to the community!
Most organizations trying to gain legal nonprofit status don't have the money to pay a lawyer thousands of dollars for help. Fortunately, they don't have to.
How to Form a Nonprofit Corporation in California includes complete instructions for obtaining federal 501(c)(3) tax-exemption and for qualifying for public charity status with the IRS. It also provides:
*line-by-line instructions for completing your application *instructions and completed sample clauses for preparing articles of incorporation *ready-to-use bylaws for membership and non-membership nonprofits *ready-to-use minutes for the organizational meeting *sheets with California's specific legal and tax requirements
The 11th edition is completely updated to provide the latest rules and forms, including the new IRS Form 1023, Application for Recognition of Exemption Under Section 501(3)(c). It also covers the California Nonprofit Integrity Act of 2004.
This is also available as a corporate records binder: The California Nonprofit Corporation Kit.
Customer Reviews:
Starting a Nonprofit.......2007-04-10
I am in the process of forming a nonprofit organization to benefit people with brain injury. An attorney friend suggested that I purchase this book which gives guidelines for setting up a nonprofit organization in California. Being a novice in the field of start up companies I have found this book to be without exception easy to understand and follow and gives you samples of forms and detailed explanations on how to file them with your local, state, and federal government. I would recommend this book to anyone who is in the process of beginning a nonprofit even if you have previous experience. It gave me the assurance that forms would be filed properly and the advise on writing the bylaws to the company.
Excellent!.......2007-02-20
This book has saved my theatre troupe hundreds of dollars. Easy to use and extremely helpful, it explains all of the legalease and other intricacies that go into filing for a 501c(3). A good for instance -
A friend recently filed for a 501c(3) for the same purpose as me (educational). Her filing fees and legal costs have totaled over $800.00. Mine, including the purchase of this book, are estimated at $300.00! That's a huge savings, especially for a small group like mine...
An invaluable resource for starting a non-profit in CA.......2006-07-22
This was an excellent book, very well written for the layperson. The online links to further instruction and the CDROM were fabulous tools. I highly recommend this to an start-up non-profit.
Excellent Step by Step Guide to Forming Your Non-Profit.......2006-04-03
This book is an excellent step by step guide for starting your non-profit corporation in California. The author does a lot of hand holding, which is especially helpful when it comes to filing your 1023 with the IRS which establishes your tax exempt status as a 501(c)(3) organization.
So here is what you will get out of the book:
1)Should you form a non-profit or a regular business?
He discusses the advantages and disadvanges of a non-profit.
2)501(c)(3)- What is it, do you qualify?
He goes in to detail on if your organization's purpose and activities qualifies you as a 501(c)(3) non-profit with all of its tax advantages. This is a key and important consideration. He also goes into the detail about the structure of your organization- the directors, officers, and how officer's/director's salaries and family affliations might affect non-profit status. He gives plenty of examples, which I found very helpful.
(3)Step by Step filing of articles of incorporation with the State of California.
He gives sample articles of incorporation for "public benefit corporations", which a general category as well as religious corporations. He give plenty of information on how to modify these articles to your individual needs.
(4)Step by Step creation of Bylaws. Again, discussion of each point in the bylaws with suggestions for modification to suit your needs.
(5)Filing for tax exempt status with the State of California and the IRS. This is potentially the most daunting part of the process, but I found that he takes you through it slowly, step by step, to make it as painless as possible although I am sure it is still a somewhat painful process.
(6)Finally he takes you through how to keep corporate records, and conducting your first board of directors meetings.
All of the forms, sample bylaws, articles of incorporation, IRS instructions, etc. are found on the CD rom that comes with the book.
What the book doesn't provide:
--Some practical and common questions did remain unanswered. For example, Lets say you pour seed money into a non-profit corporation, from your own pocket, to pay for travel, meetings, conferences and other promotional activity. Is this tax deductable to you?
--Doesn't offer very much guidance of where there are free university and other resources for new non-profits. This would have been very helpful.
Perhaps both of these like that are beyond the scope of the book.
If you are looking for a book that will give you an very good understanding the structure of a non-profit corporation and a practical step by step guide of how to form one and fill out the proper paperwork, I highly recommend this book.
So far so good.......2005-10-09
This book has gotten us through filing papers with the Secretary of State. I haven't gotten into writing bylaws and filing tax forms yet--which should be much more challenging--but from skimming over those sections, I think I should be able to manage. I expect this book will have saved us hundreds, if not thousands of dollars in lawyer and accountant fees by the time our nonprofit is up and running.
Book Description
Incorporate Your Business lays out everything you need to know about corporate laws and regulations in your state, clearly explaining:
*why and when to incorporate
*what you need to know about corporate taxation
*whether to elect S corporation tax status
*how to incorporate an existing business
Plus, you can save thousands of dollars in attorneys' fees by incorporating a business yourself -- Incorporate Your Business guides you through each step. In the end, your business will enjoy a number of advantages, including:
Limited Liability
Incorporating your business limits personal liability for business debts -- this means owners are not normally financially liable for business debts and court judgments.
Tax Advantages
You can split business income between yourself and your corporation, thereby lowering income taxes.
Access to Capital
Corporations have better access to private venture capital than any other type of business. They are also well positioned to raise capital by selling shares to the public.
Employee Perks
The owners of a corporation who work for the business are treated as employees. They can take advantage of tax-deductible, corporate-paid benefits such as:
*pension plans
*stock-option and stock bonus plans
*medical expense reimbursement
*term life insurance coverage
*and more
Incorporate Your Business provides the forms you need as tear-outs and on CD-ROM, including articles of incorporation, bylaws, minutes, stock certificates and resolutions.
The 2nd edition includes a special supplement about the latest federal tax changes that benefit small and large corporations. It also provides the latest corporate laws, rules and procedures for each state.
Download Description
"Incorporate Your Business lays out everything you need to know about corporate laws and regulations in your state, clearly explaining: why and when to incorporate what you need to know about corporate taxation whether to elect S corporation tax status how to incorporate an existing business Plus, you can save thousands of dollars in attorneys' fees by incorporating a business yourself -- Incorporate Your Business guides you through each step. In the end, your business will enjoy a number of advantages, including: Limited Liability Incorporating your business limits personal liability for business debts -- this means owners are not normally financially liable for business debts and court judgments. Tax Advantages You can split business income between yourself and your corporation, thereby lowering income taxes. Access to Capital Corporations have better access to private venture capital than any other type of business. They are also well positioned to raise capital by selling shares to the public. Employee Perks The owners of a corporation who work for the business are treated as employees. They can take advantage of tax-deductible, corporate-paid benefits such as: pension plans stock-option and stock bonus plans medical expense reimbursement term life insurance coverage and more Incorporate Your Business provides the forms you need as tear-outs and on CD-ROM, including articles of incorporation, bylaws, minutes, stock certificates and resolutions. The 2nd edition includes a special supplement about the latest federal tax changes that benefit small and large corporations. It also provides the latest corporate laws, rules and procedures for each state. "
Books:
- Interior Design Portable Handbook : First-Step Rules of Thumb for Interior Architecutre
- International Management: Managing Across Borders and Cultures (5th Edition)
- Lady Friday (The Keys To The Kingdom)
- Lady on the Hill: How Biltmore Became an American Icon
- Leadership for Differentiating Schools and Classrooms
- Light: Science and Magic: An Introduction to Photographic Lighting
- Louis Comfort Tiffany and Laurelton Hall: An Artist's Country Estate (Metropolitan Museum of Art Publications)
- Making Your Move to One of America's Best Small Towns: How to Find a Great Little Place as Your Next Home Base
- Monday Morning Leadership: 8 Mentoring Sessions You Can't Afford to Miss
- Moroccan Interiors: 25th Anniversary edition
Books Index
Books Home
Recommended Books
- Dutch II: Angel's Revenge
- Why Good Girls Don't Get Ahead... But Gutsy Girls Do: Nine Secrets Every Working Woman Must Know
- Spatiotemporal Models of Population and Community Dynamics
- Scan Statistics and Applications
- The Restoration of Paintings
- Win Your Child Custody War: Child Custody Help Source Book--A How-To System for People Serious About
- Three Among the Wolves: A Couple and Their Dog Live a Year with Wolves in the Wild
- Builder's Portable Handbook
- Shower towers: shower systems pack spa-like features into space-efficient, stylish packages.
- Development Of The Cetacean Nasal Skull
General
| Business & Investing
| Subjects
| Books
Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors)
The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates
Beating the Street
Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
Cashflow Quadrant: Rich Dad's Guide to Financial Freedom
