Get everything you need to help your business clients set up and operate LLCs. Owning this book is like having two of Michigan’s foremost LLC experts serve as your mentors. They offer how-to guidance from choice of entity and formation through dissolution.

With their advice, you will:

• Know when to use an LLC as the best business entity for your clients
• Learn how to build in effective buy-sell provisions to cover death, deadlock, disability, or divorce
• Grasp the key tax issues for LLCs even if you aren’t a partnership tax expert
• Save time and avoid mistakes by using the authors’ sample operating agreements and other forms

Highlights of the latest update include:

• Reporting requirements under the federal Corporate Transparency Act
• Court of appeals opinions on agency authority, accounting rights, member oppression, and more
• Insights on naming, member duties, real estate in LLCs, litigation, deductions, foreign LLCs, and more
• Updated operating agreements
• Practice tips on provisions to include in operating agreements
• A new sample assignment and assumption of membership interest form