Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen.

Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations,

making them the leading tax and legal experts in the nation. Together, they'll unpack the most

complex tax, legal, and financial strategies, crucial for saving more, stressing less,

and building generational wealth.

Today, they're your personal advisors, ready to break it down for you and make the tax and legal

game easier than ever.

Here is Mark and Matt.

I don't want to be running my little bakery, engineering, side hustle, influencer business

in the same LLC that owns my rental property.

This got 200 grand of equity.

That's why there are six types of LLCs.

You might have a type 1 for your rental and this type 2 for your side hustle.

There are 21 million LLCs in existence in 2025.

Babe, it is now time to convert your LLC to an S-Corp.

Those millions of people that we just reported numbers on doing an S-Corp or an LLC

taxes is an S-Corp, the one reason they're doing it is because of this strategy.

Welcome, everybody, to another episode of the Main Street Business Podcast. Excited to be here with you. My name's Mark Kohler. I'm here with my partner, Matt Sorensen, the man I love and look up to. This is such a great topic. You've been shooting some videos on LLCs. You kind of got my juices flowing. Oh, yeah. You know, I've been all over the LLC topic like White on Rice. So I did like my master class. So Mark's like, let's talk about the six types of LLCs. I'm like, hmm, bring me up to speed on six. I got to know what he's talking about here. And the nice thing is I did know what he's talking about. Oh, of course you did. Yeah. But I think it's really important because everybody hears LLCs. Yeah, but like, how do you structure it for you? What type of LLC works for you? We're not just talking about what state you're going to set it up in. That's another consideration, but like, how am I structuring this LLC from a tax and asset protection and it comes down to six different types? Yeah, and that's the good thing and the bad thing. The good things is LLCs are flexible. The bad thing is so many people are like, oh, I'll just set up an LLC. I'm done.

No. You may have the wrong type of LLC for what you're trying to do. So without any further ado,

let's get into it, a couple little facts. There are 21 million LLCs in existence approximately

in 2025. This is over the stats the last three years

and average growth rates. So we're around 21 million LLCs. Matt, why don't you tell them what

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