#577 Which LLC is Right for Your Business

Main Street Business

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2M ago 36:59

MP3•Episode home

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen take a deep dive into the six LLC structures every entrepreneur, investor, and licensed professional should understand. Whether you're starting a business, protecting rental properties, or building wealth with a high-net-worth strategy, this episode breaks down how to choose and use the right LLC to match your goals.

Here are some of the highlights:

Mark and Mat discuss the six types of LLCs, starting with the most common type for rental properties.
Mat explains the benefits of a single-member LLC for asset protection and the flow-through of taxes on personal returns.
The importance of setting up LLCs early for protection and the potential need for multiple LLCs for multiple properties.
Mat breaks down the tax savings from avoiding self-employment taxes and the importance of taking a reasonable salary.
Mark and Mat highlight the advanced planning and asset protection strategies associated with COPE LLCs.
Mark and Mat introduce the series LLC, which allows for separate liability treatment for multiple properties.
How separating different types of LLCs for asset protection and tax planning is crucial.

Grab my FREE Ultimate Tax Strategy Guide HERE!
Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification.
You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360
Looking to connect with a rock star law firm? KKOS is only a click away!
Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
Craving more content? Check out my Instagram!

Chapters

1. Introduction to Main Street Business Podcast (00:00:00)

2. Type One: Rental Property LLCs (00:01:08)

3. Type Two: Small Business LLCs (00:08:30)

4. Type Three: LLCs Taxed as S-Corps (00:13:18)

5. Type Four: Multi-Member Partnership LLCs (00:20:30)

6. Type Five: Series LLCs (00:24:21)

7. Type Six: COPE LLCs for Asset Protection (00:27:00)

8. Bonus Types: IRA LLCs and PLLCs (00:32:21)

697 episodes

#Taxation #Business #Estate Planning #MBA #Entrepreneur #Mark J Kohler #Mat Sorensen #Mark J Kohler And Mat Sorensen #Tax Strategies #Legal Compliance #Business Structure #Tax Tip #Accounting #Irs Updates #Financial Reporting #Tax Prep #Tax Reform

#577 Which LLC is Right for Your Business

Main Street Business

104 subscribers

published 2M ago

MP3•Episode home

Here are some of the highlights:

Mark and Mat discuss the six types of LLCs, starting with the most common type for rental properties.
Mat explains the benefits of a single-member LLC for asset protection and the flow-through of taxes on personal returns.
The importance of setting up LLCs early for protection and the potential need for multiple LLCs for multiple properties.
Mat breaks down the tax savings from avoiding self-employment taxes and the importance of taking a reasonable salary.
Mark and Mat highlight the advanced planning and asset protection strategies associated with COPE LLCs.
Mark and Mat introduce the series LLC, which allows for separate liability treatment for multiple properties.
How separating different types of LLCs for asset protection and tax planning is crucial.

Grab my FREE Ultimate Tax Strategy Guide HERE!
Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification.
You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360
Looking to connect with a rock star law firm? KKOS is only a click away!
Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
Craving more content? Check out my Instagram!

Chapters

1. Introduction to Main Street Business Podcast (00:00:00)

2. Type One: Rental Property LLCs (00:01:08)

3. Type Two: Small Business LLCs (00:08:30)

4. Type Three: LLCs Taxed as S-Corps (00:13:18)

5. Type Four: Multi-Member Partnership LLCs (00:20:30)

6. Type Five: Series LLCs (00:24:21)

7. Type Six: COPE LLCs for Asset Protection (00:27:00)

8. Bonus Types: IRA LLCs and PLLCs (00:32:21)

697 episodes

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Main Street Business « » #577 Which LLC is Right for Your Business

Chapters

1. Introduction to Main Street Business Podcast (00:00:00)

2. Type One: Rental Property LLCs (00:01:08)

3. Type Two: Small Business LLCs (00:08:30)

4. Type Three: LLCs Taxed as S-Corps (00:13:18)

5. Type Four: Multi-Member Partnership LLCs (00:20:30)

6. Type Five: Series LLCs (00:24:21)

7. Type Six: COPE LLCs for Asset Protection (00:27:00)

8. Bonus Types: IRA LLCs and PLLCs (00:32:21)

#577 Which LLC is Right for Your Business

Chapters

1. Introduction to Main Street Business Podcast (00:00:00)

2. Type One: Rental Property LLCs (00:01:08)

3. Type Two: Small Business LLCs (00:08:30)

4. Type Three: LLCs Taxed as S-Corps (00:13:18)

5. Type Four: Multi-Member Partnership LLCs (00:20:30)

6. Type Five: Series LLCs (00:24:21)

7. Type Six: COPE LLCs for Asset Protection (00:27:00)

8. Bonus Types: IRA LLCs and PLLCs (00:32:21)

Podcasts Worth a Listen

Welcome to Player FM!

Similar to Main Street Business

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#577 Which LLC is Right for Your Business