#586 When Should I Register My LLC in a Different State?

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

🗓️ 8 July 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mark J Kohler and Mat Sorensen dive deep into the world of LLC registration, revealing must-know strategies for small business owners and real estate investors. Learn how to: Properly register your business across state linesProtect your assets with the right LLC structureAvoid expensive penalties and legal pitfallsMaximize tax benefits for multi-state operationsWhether you're a rental property owner, remote business operator, or entrepreneur looking to expand, this episode is your ultimate g...

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen.
0:05.3	Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations,
0:12.1	making them the leading tax and legal experts in the nation. Together, they'll unpack the most
0:17.0	complex tax, legal, and financial strategies, crucial for saving more, stressing less,
0:22.2	and building generational wealth. Today, they're your personal advisors, ready to break it down
0:28.5	for you and make the tax and legal game easier than ever. Here is Mark and Matt.
0:33.8	There's a number of problems if you don't register in the right state.
0:37.8	You will not be recognized in a court if you need to sue someone or you get sued.
0:41.8	Secondly, most states charge a penalty for failure to register in the state you're actually conducting business in.
0:47.4	There's over 10 million of you out in the country that have set up an LLC for your small business.
0:52.5	And let me just say this.
0:53.7	Do not get sucked into the stupid Wyoming thing, which we love in the right instance,
0:58.1	set up in your state, leave it there, do it right, get it compliant,
1:01.5	and don't worry about this other state crap.
1:06.8	Welcome, everyone to the Main Street Business Podcast.
1:09.0	This is Matt Sorensen, joined by the incredible Mark J. Kohler. We're excited to be here talking about LLCs and what you should be doing to do it right.
1:17.8	Yeah. I mean, that one sheet of paper may not be your ticket out of a lawsuit or an IRS audit. There's more to an LLC than that little thing you file with the state.
1:28.7	Yeah. And what state do you file it with is critically important? Many of you might be
1:33.1	setting up LLCs in a particular state, but you own real estate in another state or you do business
1:38.0	and multiple states. And we want to talk about when do I register that LLC into another state. We'll talk about some of the
1:45.8	drawbacks if you don't do it, which we're going to say, don't screw this up. There's four
1:50.7	reasons why you get jacked up if you do this wrong. We're going to go over those. Then also talk
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Mark J Kohler and Mat Sorensen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Mark J Kohler and Mat Sorensen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.