
#577 Which LLC is Right for Your Business
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About this listen
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 demo to explore the Main Street Tax Pro Certification.
- You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 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!
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