#577 Which LLC is Right for Your Business

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 FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don"t want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!