A complete guide to formations for the new business owner. This comprehensive handbook describes the different types of business formations (sole proprietorships, partnerships, "C" corporations, "S" corporations, and limited liability companies), including the advantages and drawbacks of each, to help new small business owners make well-informed decisions. The book offers examples of tax consequences as well as liability scenarios. Also included are sample legal forms, such as articles of incorporation and stockholder's agreements, and relevant IRS forms.

Author Biography

ROBERT A. COOKE, CPA, has had twenty-five years of experience in public accounting. Prior to becoming a CPA, he was the owner and co-owner of three successful small businesses. He has taught numerous seminars on finance and accounting for Pryor Resources, Inc., and is the author of several books, including Doing Business Tax-Free and How to Start Your Own (Subchapter) S Corporation, also published by Wiley.