#419 Your LLC May Be Useless: Mark's First Day In Court

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

🗓️ 4 March 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week's podcast, Mark is joined by a special guest who will discuss the significance of understanding why forming a limited liability company (LLC) may not be beneficial for you. Throughout the episode, Mark and his guest delve into the intricacies of LLCs, exploring the potential drawbacks and limitations of this business structure. By listening in, you will gain valuable insights into the factors that should be considered before deciding to form an LLC, and learn why this option may ...

Transcript

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0:00.0	Welcome everybody to this week's episode of the Main Street Business Podcast.
0:04.4	Excited to be here with you.
0:05.9	And I don't have my normal illustrious partner.
0:08.4	I have the pleasant, intelligent, witty, smart, and beautiful Katie Nentwick.
0:15.0	She is, there you go.
0:16.7	You're making, you've been on the podcast before, though.
0:19.9	Yeah.
0:20.5	Okay. So that's good. Let's see podcast before, though. Yeah. Okay.
0:21.0	So that's good.
0:22.0	Let's see.
0:22.9	This thing on. Yeah. You got to be like, what was his name, Will Ferrell and, you know, Dalladega Nights. What do I do with this microphone? Okay. Yeah. Glad you have you. Okay. We're starting over. You say something like, hey, I'm excited to be here. I'm excited to be here.
0:35.6	Okay, all right.
0:35.9	We're starting over.
0:36.5	I was running through SNL skits and thinking the sweaty balls episode.
0:40.6	Thank you. I'm like, hey, I'm excited to be here. I'm excited to be here. Okay, all right. We're starting over. I was running through SNL skits and thinking the sweaty balls.
0:40.4	I can go ahead. Thank you. I'm like, you're, where are you? Okay, we're starting. All right. Welcome everybody to this week's episode of the Main Street Business Podcast. My name is Mark Kohler, and I'm not here with the usual illustrious mass.
0:55.2	Orinson, I'm here with the pleasant, intelligent, is Mark Kohler, and I'm not here with the usual illustrious mask.
0:55.2	So, and I'm here with the pleasant, intelligent, smart, witty, and beautiful Katie Nintwitt.
1:00.4	Well, thank you. It's a pleasure to be here.
1:02.3	Is this your first time on the show?
1:04.2	I've answered questions in the background, but this is my first time on camera.
1:07.7	So how do I look?
	...

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