#526 So You Just Formed An LLC... Now What?

Main Street Business

Join Mark J. Kohler and Mat Sorensen in this episode of the Main Street Business Podcast for a comprehensive guide on setting up and running LLCs and S Corporations. From crucial legal requirements to strategic financial practices, get equipped with knowledge on new BOI reporting rules and how these could impact your business in 2024.

Here are some of the highlights:

• Mark and Mat stress the importance of properly setting up and maintaining LLCs and S Corps
• Mark and Mat advise opening separate bank accounts for entities.
• Use entity names on contracts, agreements, and property titles.
• How BOI applies to most small businesses, exemptions for large companies.
• Mark and Mat debate the crucial effectiveness of BOI reporting.
• The severity of penalties for non-compliance.
• The significance of maintaining accurate bookkeeping.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
• Craving more content? Check out my Instagram!

Bab

1. Maintaining Your LLC or S-Corp (00:00:00)

2. LLC Maintenance Strategies (00:10:14)

3. Entity Maintenance & Compliance Overview (00:15:17)

4. S-Corp Maintenance and Tax Strategies (00:26:39)

5. Maximizing Benefits of LLC/S Corp (00:33:48)