354: 9 Mistakes to Avoid With Your LLC

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 13 September 2021

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

What are you doing! Before you form your LLC you must watch this! So many people make mistakes or simply don't set themselves up correctly to make sure they are protected! Watch and listen to this week's Main Street Business Episode Mark and Mat discuss the 9 ways people make mistakes when forming their LLC. To learn more or listen to previous episodes visit: https://mainstreetbusiness.com/ Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss...

Transcript

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0:00.0	Everybody wants to have like the silver bullet.
0:24.0	I'm going to go to Vegas and Mastermind Group and buy a $10,000 asset protection plan. And oh, it's shiny, it's glossy. You know, really, what is it worth? But people like guarantee on the box. It says it on the box. It says asset protection on the box. I know. It does. And it feels good. but then someone's going to break in there at night and take your box and you're going to be like, what do you got?
0:26.7	You got nothing, you know?
0:28.4	So this is actually going to save so many of you money.
0:32.5	You're going to love this because I bet you, Matt, 90 plus percent of our listeners have an LLC.
0:40.3	Did you take that bet?
0:41.3	Yeah.
0:49.8	Welcome, everyone to the Main Street Business Podcast with Matt Sorensen and Mark Kohler.
0:55.2	We're just delighted to be with you today.
0:57.7	Excited for today's episode.
0:59.2	Yeah, can I just say this is going to be everybody's most fun on a podcast this week and the most educational and the trifecta?
1:10.0	You're talking tax and legal, build, and wealth.
1:12.9	Is that weird?
1:14.6	I think we'll accomplish this.
1:16.1	If you only listen to one podcast this week, we would have nailed that.
1:20.6	Yeah.
1:21.1	Because we have no competition.
1:22.4	This was the best, the most fun.
1:25.0	I mean, I only listen to one podcast, so geez.
1:27.4	We'll see how it goes. So welcome.
1:29.8	Yeah, we've got a good topic. Yeah, we want to talk about mistakes and how to avoid them,
1:36.7	really. Maybe how to fix them if you stepped in them on setting up an LLC. And I think we need to come out of the gate and say, some of you are like, you know what,
	...

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