Main Street Business

#577 Which LLC is Right for Your Business


Listen Later

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 eBook 30 Unique Strategies Every Business Owner Should Know!
  • You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360
  • Looking to connect with a rock star law firm? KKOS is only a click away!
  • 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.
  • Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
  • Craving more content? Check out my Instagram!
...more
View all episodesView all episodes
Download on the App Store

Main Street BusinessBy Mark J Kohler and Mat Sorensen