Updated to contain information on Limited Liability Companies. Takes the mysteries out of corporate formalities and shows owners what they must do and what they may do with their corporations. A comprehensive reference book of the types of small business corporations appropriate anywhere in the U.S. It explains the legal requirements for maintaining a corporation in good standing. Features sample corporate documents, which are annotated by the author to show what the reader should look for. Tells how to avoid personal liability as an officer, director, or shareholder.