377: LLC Myths: What You Need to Know!

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

🗓️ 10 March 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark and Mat break down unique LLC Myths as well as the basics of where and when to use an LLC in your business or investing life. More info at Mainstreetbusiness.com Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certifie...

Transcript

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0:00.0	Welcome everybody to this week's episode of the Main Street Business Podcast.
0:09.5	Yours truly Mark Kohler and the amazing Matt Sorensen talking about a topic you all know and love.
0:16.9	Our best friend.
0:17.9	Our close friend.
0:18.9	Our close friend.
0:19.6	Our close friend.
0:21.6	Yeah. Yeah. Close friend. Good friend. Not best friend. Our close friend. Our close friend. Our close friend. Our close friend. Good friend.
0:23.0	Not best friend.
0:24.1	Close friend.
0:24.6	Yeah.
0:25.0	That was a little strong.
0:25.9	Yeah.
0:26.3	Close friend.
0:27.4	And everyone should have an LLC.
0:29.2	Just like the Nikki Minaj song, LLC.
0:33.1	You know, everybody who's anybody has an LLC.
0:35.9	But we want to talk about the myths.
0:38.7	There's so much BS about LLCs.
0:41.5	There's a lot of people that don't know what they're talking about trying to give you advice on them.
0:46.5	I was thinking, I got to say, I was thinking of Lincoln lawyer, you know, when Matthew McConaghanes with his driver.
0:52.9	Yeah.
0:53.4	And he was asking, you really shot your client's mom, you know? He's like, damn right. And he goes. And then he goes, we ain't nobody tell you been shot. Yeah. So I was like, and I thought, you ain't nobody tell you've had an LLC. Okay. That's what you're going with that one. Uh, uh, go with that? I like that. And the driver, I believe, was Earl. Was this Earl? That's right, Earl. Earl was the driver. Yeah, yeah. Earl's good. There's a lot of good lines between Matthew McConaughey and Earl, actually. Yeah, when Earl looks at him and goes, you know, you would have made it on the streets. Yeah. Shit, Earl, what do you think I've been doing?
	...

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