9 Mistakes to Avoid With an LLC 

Non stuffy Lawyers with a sense of humor and desire to help people, love it.

This channel is the best business, legal, tax and asset protection information anywhere, bar none.

Channel has great info but my god... get to the effing point!! 6 minutes in until it begins!

Simply phenomenal. Professionalism of both attorneys is awesome!!! You Rock! Peace and blessings.

4. Set up LLC with one sheet of paper. EIN needed. Cut corners for Asset Protection. Annual minutes. Annual board meeting. Operating Agreement. Bank Loan. SS4 (Application EIN). Clean up LLC

Yay Matt. You got me with a knock out punch 🥊 on #1! Regret using Legal Zoom which seemed to come up on each answer. Also took the DIY route. Listen everyone! just go with KKOS and get it done right in the first round. Please. No regrets

I was told it’s $390-450 for consultation, $800 for LLC or SCorp setup and $825 for registered agent, and no appointments available until November?

Just in the first couple of minutes your video are welcoming the music show your level of professionalism, it's fun listening to you both. Every time I watch the videos from you guys I learn every time. This is always worth my time

contact your firm twice leaving messages with contact info over 2 weeks ago apparently no interest

I love listening to you all, extremely helpful guidance. Thank you.

2. Register LLC where property (business) is in. Rental property. Set entity up where rental property is. Less paperwork.

Perfect Timing with this one brother im tuned in

Thanks for the info with humor. Enjoy the LLC JUA group! Surely a great fun group learning what is working. We don’t know what we don’t know. Thank you both.

Thanks for the advice, I took notes.

Thank you so much for this valuable info! I’m just starting to plan my business and how to set it up. You guys rock 👏🏼👏🏼👏🏼

I called kkos and didn't sign uo for services yet but have to say some of the nicest people! Mark and team is the real deal

Just in the process of setting up my first LLC. I have found this information germaine and succinct to building my understanding of asset protection. Enjoyed the humor between you two also. What a great channel Mark. thank you for developing it...and even a deeper sense of gratitude for sharing decades of your life building education, experience, and countless interactions with people who got their fingers caught in the grinder (lawsuits) and call on guys like you to save their sorry arses....great job

Spot on on the proper LLC setup and good books.

Content - very good and useful. Eating - No No not done Too much banter - take it off line it’s getting annoying.

You guys are very funny . I love your show. Very educational

How to take a 15 minute video and turn it into 48 minutes. Watch this video at 1.5X speed.

I find you guys most interesting. You are really great together.

These guys are great. Please take a 5-10 minute break to eat. Fir the advice you are giving, I have no problem waiting. Keep up the great work!

6:40 Don't make your LLC member managed, make it *manager managed* instead. There's a lot more privacy in that, and folks can't get access to your info right away. 10:20 Manager managed is also better for banks / bankers. If you do member managed, there's a chance the bank is going to want more crap. 11:20 Setting up the LLC in the wrong state. 41:05 Open an LLC bank account, separate asset protection from personal acct.

Thanks Mark, you motivate me to stick it to the man.

Great show!!

You guys rock love your content I always learn something that’s worth taking notes.

I’m so impressed with you guys! Haven’t even started with my American dream but plan to come to you when we do 👍🏻

A greatest strength of a tribe/country is it has a lot of people, citizens, members; but at the same time, it can also be a greatest weakness because it has to take care and feed all those people.

Thanks for all the great lessons

You often make what could be a boring topic interesting!

good information. but way too much time wasting small talk

Great content 👍🏽👍🏽👍🏽

Thank you so much great information and very valuable too.

😂 love you guys!

Thank you for this valuable info

The algorithm lead me to this video. First time I've heard of you or listened to your podcast. You had me when one of you is thinkin' about Ford and the other is thinking about women. 🤣🤣🤣 Hooked. Thank you.

I'm only 5 minutes in, you guys are great!!

I am buying some recording studio equip and I rent a rehearsal studio in which to operate. I will create band projects and do live personal performances on streaming platforms.I hope to operate as a recording studio service as well. Basically I want to get my feet wet in all kinds of music business as well as just have a super cool man cave as my sanctuary to rock out anytime 24 hrs a day 365 whenever I choose to do so. I've just become a "trader" officially this year and I need to figure out a strat for taxes from trading and using my studio as my main tax right off plus the insanely long trip to that studio from my remote location 150 miles away. I'm in Colorado. I know it would be a good idea to get all my ducks in a row. It might be a good idea to have a chat about it with you guys.

I am just getting my LLC set up. I was not able to get a business loan. All expenses have come from my personal account. Do I ever recover any of the set up expenses. Up to about a 1,000.00 so far. Still don't have business account set up, or domain, or Shopify and Amazon account. They all come with a price tag...first time watching you guys... I like you and have subscribed...

6. LLC purchased off the shelf. One size fits all. Instead need to customize it. Not the same thing for everyone.

I didn't know Stephen Colbert was also a CPA lawyer

I know you said if I am starting an operational business, an S-Corp is best if you net $40K a year. But is starting with an S-Corp best? Or should I create an LLC and convert it later?

I cannot stop laughing. You guys are so funny. Love the education and happy uplifting vibes!

Thank you I am an Enrolled Agent and Financial Advisor. I always learn something new. I would love to attend any seminars or webinars if you hold. I am in Socal. You are awesome!!

Great information

As informative as this content is, I really want some FRIES NOW! 😭😭😭!

1. Go Manager Managed LLC. Instead of Member Managed. Member Managed too convoluted for banking too. Financing

7. Thinking LLC does more than it intends too. LLC protects you from what’s the LLC is doing.

Thanks for your video. Would like to ask some questions. I would like to form a Wyoming corporation for anonymity purpose. I also would like to build credit for both and use tax strategies with S Corp and pay myself a salary. Should I form an LLC in Wyoming and file a foreign S corp in California? Does it have to have exact business name? Should I buy property, car and other assets with Wyoming or California company for asset protection? Should I pay myself from which Wyoming or California company?

I don't have an LLC...this will help me ty

I am starting a krypto mining business using GPUs from the ground. Do I need to set up an LLC for it and file sole propriertorship on the county level?

8. Set up LLC, don’t use it right. Rental property not in LLC. Lease not in name of LLC. Bank not name in LLC. Money in personal bank account; needs to be in LLC. Open LLC bank account. Pierce corporate vail.

Love the Tommy Boy reference.

Good information but man this could’ve been a 15 min video

Great info ,When ready I will call you.

Can't I just have one LLC form another member-managed LLC for the paperwork and sell it back to myself? Or is that going to interfere with the new law from January about disclosure?

3. Set up LLC instead of S Corp. not applicable rental property. Applicable real estate profession

🤣you guys are great!

Don’t show your asset when it comes to Protection

What is the best phone and email to sign up as a client for series LLC?

Could you do a video explaining how to set up your llc if you know you plan on leaving the US full time, to get FEIE, in the near future. I'm just starting online ecommerce business, I know this is my goal, but because of that idk what to do now.

5. Sometimes more isn’t better. Too many LLCs.

I really need to get a hold of either one of you. Attempted the 800 nbr once and got to a voice mail. Any other way to connect with you?

Can the series LLC in Wash DC do both own real estate and have small business also?

How does doing annual minutes work if you're the only person in the LLC? Also, do member certificates apply if you're manager-managed?

1. I revoked my s-Corp so I could get the QBI deduction. The 20% reduction on full income seemed better than the 7.65% of just the first 147k of my income… What do you think about that? Income about 350k married filing jointly. And I’m not having to pay for the payroll / direct deposit fees and worry about all the hassle … 2. Do you need minutes and a board meeting if I’m a single member LLC? I’d look schizophrenic if I sit in a board room taking to myself 😂 3. Does single member need an operating agreement? I always agree with myself..

Too much Catsup? Try animal style on that double-double from In-n-Out. Not on the fries though....

I always sign as managing member.

I do have an LLC and set it up in MA. I have a small business in which I work as a contractor for various companies. I also a landlord. I am learning so much from this channel.

is it an 800 flat rate for helping me on setting up an LLC, or do you offer to do it for clients?

Do you suggest to get an LLC for each member of my family?

What about an LLC business owner (contractor) who acts with deceit, malevolence, and weaponizes time in the way of extensive delays to force his customers into concessions that always financially favor him? He hides behind the LLC to conduct business (build homes), but requires the customer to agree to grant him lien of 1/2 the property and home under construction until completed. However, while under construction the home appears in the county records under his personal name with no mention of an LLC. Does that completely insulate him from severe construction failures, faults and incomplete structures of the home? Again, he weaponizes time and forces concessions, including taking delivery before the home is complete. In this case, the building permit had expired for 6 months before being forced to take ownership. The home was 2-1/2 years late from the promised completion date. 4 years later, issues have still never been addressed. The LLR is only interested in keeping business going, and does not favor victims of such malfeasance. As an example, the home needs ~$250,000 in concrete, structure, and finish repairs and completion.

About the sauce?! Are you ok? LOL!!! I couldn't hold myself...I mean TV Show is missing a LOT! Pls, do the foreigners LLC podcast and it should be your next bros! As I'm waiting for your legally detailed input, looking forward to doing biz with you Gents! Solon,

I can't find any videos on LLCs taxed as an S Corp, and the difference from actual S Corps. Need more detail.

Thank you for this very insightful video; however, I would like to know is my "Managing Member" the same as "Member Managed"?

In wash dc if LLC in the operating agreement that say no regular meetings is that ok? Member manager series LLC?

Great information. To much joking around for me.

Don’t forget if your running a escort service to claim home office.

You should definitely be concerned with your online reviews and get your office and staff organized and maybe get lawyers with better experience. The reviews are scary and makes sense. Like to hear yourself talk more than like to listen.

Your right we can’t get a loan and our personal taxes gets taken every year. I don’t want to close but I just don’t know what to do

Hey y’all talked about what banks do to screw up the loan process can I get that video first video am watching of y’all

I started real estate investing in 2023. I created an LLC in the state I live but do not invest in my home state. I bought 2 properties in another state using the LLC of my home state. I then had a company- PCS set up my holding LLC and I have a sub LLC in ILL. where I bought property in IL and in OH. Am I messed up with my LLCs? Is it really necessary to have an LLC for each property I buy?

What is the cost to have your services on establishing an LLC in Florida?

Can you put time stamps in description please?

What is your schedule for Live streams?

Mark, I have a rental property in Virginia, but live and operate my property from California - What would be a business structure in this case? Where should I register my LLC? Should I register my LLC as S-corp?

You guys are hella funny.

How do you suggest starting a trucking company as a subsidiary of a holding company for asset protection? The holding company is supposed to own or lease the trucks and have all the financial backing and the trucking company just pulls the loads. What should the holding company’s NAICS number be?

Mark, If I have a single LLC, that when paying taxes is paying self employed taxes, isn't the same as a sole proprietorship when it comes to asset protection or it is not?. I just have this side business that i started recently to do bookkeeping work... someone said to me that advantage to form the LLC was because i have better protection. I just started and I have net income in this side business of $6k

I'm totally a minivan guy.

How many businesses can I set up as a dba under 1 llc?

For #7 what's the solution in order to protect from that situation? Thank you in advance.

So a buddy of mine and I are going to be partners in a hotshot hauling business. How could we set that up to optimally protect our privacy and our assets. We have a business name in mind we would like to operate under but would like to have a holding company as well that owns our vehicles, trademarks, trailers, etc. How should we set it up?

bless..for clarifying WHEN you should elect as an s corp..folks will run out and do it and are making no money or 1000 a year

Mark, question! online business ( i.e Affiliate marketer, Dropshipping) S-Corp or LLC?

Damn I can almost SMELL that tension it's so strong.

do i need an Scorp for daytrading? i recently had an LLC created as a daytrader. Thanks

Can't I purchase property with my RLT first and then create the LLC owned by my trust and then transfer the property to the LLC from the Trust? Issue is the time it takes to create an LLC, not knowing if you will truly acquire property in another state until the bid is accepted/contracts signed/auction won.

Hi Mark, I need to get my taxes caught up and set up a business structure for my real estate investment goals. Who should I schedule first? The accounting side or the legal entity formation side?