#499 Where and How To Set Up an LLC

Main Street Business

In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen delve into how business owners can properly form an LLC. Together, they walk you through everything from selecting the ideal state for your LLC to dispelling misconceptions and providing professional tips on LLC setup, safeguarding assets, tax planning, and beyond!

Here's what you can look forward to:

• Mark and Mat highlight the significance of selecting the appropriate state for setting up your business entity.
• Emphasize the need to consider employment issues and operational locations when deciding on the state.
• Unpack advanced asset protection strategies as your business grows and expands.
• Explore the concept of nonprofit LLCs and their role in charitable events and fundraising.
• List the benefits of focusing on core business activities rather than complex entity structuring.
• The importance of thorough planning, compliance, and avoiding shortcuts in entity setup and structuring processes.

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Chapters

1. #499 Where and How To Set Up an LLC (00:00:00)

2. Choosing LLC Location (00:00:01)

3. State Taxation and LLC Formation (00:07:41)

4. Asset Protection Strategies With Legal Advice (00:12:16)

5. Types of LLC Partnerships and Entities (00:20:55)