#592 The 10 Biggest LLC Mistakes (And How To Avoid Them!) Main Street Business podcast

Content provided by Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Main Street Business »
#592 The 10 Biggest LLC Mistakes (And How to Avoid Them!)

5d ago 26:03

MP3•Episode home

Why risk your business and hard-earned money with the wrong setup when you could be protecting yourself and saving on taxes? In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen break down the critical steps every small business owner and new LLC owner must take to avoid costly mistakes. From choosing the right entity structure to understanding tax advantages, they reveal the insider strategies that keep more money in your pocket and safeguard your future.
Discover how to set up your LLC the right way, when an S Corp might make sense, and how to keep your business compliant without overspending on fees. Learn practical legal and tax moves that help you reduce liability, maximize deductions, and protect your assets — so you can focus on growing your business with confidence.
If you’re serious about building a strong foundation for your company, this is an episode you can’t afford to miss! Subscribe for more real-world strategies from Mark J. Kohler and Mat Sorensen, and get expert support for your business today through KKOS Lawyers and Main Street Business Services.

You’ll learn:

Why setting up your LLC in the wrong state (like Nevada, Delaware, or Wyoming) can cost you extra fees and headaches — and where you really should file
How to avoid exposing your home address by properly using a registered agent and company address
The critical documents every LLC needs beyond the one-page state filing, including an operating agreement, membership certificates, and minutes
Why your LLC must have its own bank account, tax ID, and records to be treated as a separate legal entity
How the right tax election (like electing S Corp status) can save business owners thousands in self-employment taxes each year
The importance of annual compliance — renewals, meetings, and minutes — and why outsourcing this can save time, stress, and penalties
Real-world “cleanup” strategies for fixing LLCs that were set up wrong or neglected, so you can get back on track

Get a comprehensive tax consultation with one of our Main Street tax lawyers that can build a tax strategy plan with an affordable consultation that will leave you speechless!!

Here’s the link - https://kkoslawyers.com/services/comprehensive-bus-tax-consult/?utm_source=buzzsprout&utm_medium=description&utm_campaign=10-LLC-mistakes

Grab my FREE Ultimate Tax Strategy Guide HERE!
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!
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!

Chapters

1. Top 10 LLC Setup Mistakes (00:00:00)

2. Wrong State & Registered Agent Issues (00:02:14)

3. Missing Documents & Corporate Book (00:08:28)

4. Tax Elections & S-Corp Benefits (00:15:01)

5. State Compliance & Annual Maintenance (00:18:51)

6. Service Offers & Closing Thoughts (00:22:00)

596 episodes

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