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Main Street Business

50: Everything LLCs: What are My Options and Potential Pitfalls?

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

2.4584 Ratings

🗓️ 3 July 2015

⏱️ 55 minutes

🧾️ Download transcript

Summary

Limited Liability Companies (LLCs) can be pretty amazing, but they aren't the cure for every business owner's structure. In this show, Mark and Mat break down the best places to use an LLC, how to maintain them, what state to register them within, how to design them with a partner and even have an IRA as an owner, including much, much more. They will also discuss the potential problems with LLCs and where NOT to use them protecting yourself from some costly mistakes clicking a button 'online'...

Transcript

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0:00.0

sure going fast is impressive but performing over the long haul is even more impressive and for that

0:10.4

there's STP each bottle of STP complete fuel system cleaner in your tank helps remove power robbing deposits

0:18.3

to restore performance and keep your engine running better longer.

0:22.3

Because greatness isn't just measured in seconds. True greatness is measured in years.

0:28.5

STP. In for the long haul. And now a touching moment while staying in touch with Geico.

0:35.6

Just the other night, as I gazed up into the sky, I saw a shooting star.

0:40.3

In that moment, I made a wish that Geico would be available 24-7, my phone, on the web, or with the Geico app.

0:48.3

After that, I realized my wish had already come true, so basically, I had just wasted a perfectly good wish.

0:55.5

Then I started to think about dolphins and felt better right away.

0:59.1

Geico, anywhere, anytime.

1:06.0

Broadcasting worldwide on Internet radio.

1:09.0

Refreshing takes on legal strategies.

1:11.5

Straightforward answers to difficult tax questions.

1:14.6

Independent ideas on building wealth.

1:17.2

It's the Refresh Your Wealth show with Mark Kohler and Matt Sorensen.

1:21.1

Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter

1:25.8

with important tax deadlines and articles at

1:28.1

refresh your wealth.com.

1:30.0

Now, here's Mark and Matt.

1:37.1

Welcome everyone to the Refresh Your Wealth Radio show.

1:40.2

This is Matt Sorensen.

1:41.9

Excited to be with you today.

...

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