A limited liability company is quite a useful type of business entity, but only under certain circumstances. In the Essentials of Limited Liability Companies manual, we discuss the advantages and disadvantages of an LLC, as well as its capital structure, management alternatives, and related tax issues. The manual also addresses how to form an LLC and how to convert to an LLC from a different legal structure. The manual is designed to give you a good grasp of the essential issues related to limited liability companies.