DiscoverMain Street Business#524 How The Rich Use LLCs To Hide Their Assets And Avoid Taxes
#524 How The Rich Use LLCs To Hide Their Assets And Avoid Taxes

#524 How The Rich Use LLCs To Hide Their Assets And Avoid Taxes

Update: 2024-08-30
Share

Description

In this episode of the Main Street Business Podcast, Mark J Kohler dives deep into the world of LLCs and their critical role in business success. He breaks down the concept of the trifecta and how it can empower entrepreneurs to build their American dream.

Here's what you can look forward to in this episode:

  • Mark explains the importance of understanding what an LLC is and how it can be effectively utilized to protect assets and enhance business operations. 
  • He introduces the trifecta concept, highlighting its significance in wealth building and asset protection for business owners. 
  • Listeners will learn about the five different types of LLCs and who they are best suited for, along with practical examples to illustrate their uses. 
  • Mark discusses common mistakes business owners make when forming LLCs and how to avoid them to ensure a successful setup. 
  • The episode covers the transition from a standard LLC to an S Corp and the tax benefits associated with this shift, providing valuable insights for growing businesses. 
  • Mark shares his personal journey as an entrepreneur, offering inspiration and actionable steps for listeners looking to navigate their own business paths.
Comments 
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

#524 How The Rich Use LLCs To Hide Their Assets And Avoid Taxes

#524 How The Rich Use LLCs To Hide Their Assets And Avoid Taxes

Mark J Kohler and Mat Sorensen