MAKE AN APPOINTMENT TODAY! https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=10-llc-mistakes&utm_campaign=main-street-business-podcast
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.
CHAPTERS:
0:00 Teaser
2:30 Mistake #1: Setting Up Your Entity in the Wrong State
5:23 Mistake #2: Listing Yourself as Your Registered Agent
6:58 Mistake #3: Choosing the Wrong Registered Agent
8:17 Mistake #4: Using Your Home Address as Your Company Address
11:46 Mistake #5: Messing Up the “Guts” of Your LLC
15:00 Mistake #6: EIN and Banking
15:51 Mistake #7: Your Tax ID
16:31 Mistake #8: Not Making an S Election
18:48 Mistake #9: Neglecting Your Company Maintenance
21:43 Mistake #10: Not Holding Company Board Meetings
23:02 Recap
24:35 Outro
Resources:
Interview a Main Street Tax Pro that Speaks like Mark: https://taxadvisornetwork.markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=10-llc-mistakes&utm_campaign=main-street-business-podcast
Meet with a Real Lawyer on Zoom: https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=10-llc-mistakes&utm_campaign=main-street-business-podcast
Self-Direct Your IRA or 401k- Buy a Business or Real Estate with Your Retirement Account (Directed IRA): https://directedira.com/appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=10-llc-mistakes&utm_campaign=main-street-business-podcast
Keep Your LLC or Corp in good standing and Hide Your Address (Main Street Business Services): https://mainstreetbusiness.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=10-llc-mistakes&utm_campaign=main-street-business-podcast
Become a Certified Tax Advisor in Mark’s Program – https://mainstreetpros.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=10-llc-mistakes&utm_campaign=main-street-business-podcast
Connect:
Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=10-llc-mistakes&utm_campaign=main-street-business-podcast
LinkedIn: https://www.linkedin.com/in/markjkohler/?utm_source=youtube&utm_medium=description&utm_campaign=msbp003_10_llc_mistakes
Facebook: https://www.facebook.com/markkohler/?utm_source=youtube&utm_medium=description&utm_campaign=msbp003_10_llc_mistakes
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TikTok: https://www.tiktok.com/@markjkohler/?utm_source=youtube&utm_medium=description&utm_campaign=msbp003_10_llc_mistakes
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