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

Are you thinking about Tax Advisory?...Book a FREE discovery call today to explore how the Main Street Tax Pro certification can work for you: https://markjkohler.com/main-street-t... Join me at this year's Tax and Legal 360 Event - https://taxandlegal360.com/?utm_sourc... Free Resources: Ebook & Newsletter: https://markjkohler.com/youtube/ Blog: https://markjkohler.com/blog/ Podcast: https://mainstreetbusinesspodcast.com/ Find A Tax Pro: https://taxadvisornetwork.markjkohler... Services: Call the Main Street Tax Pro Team: (520) 800-0986 KKOS Lawyers (My Law firm): https://kkoslawyers.com/contact-us/ Directed IRA (My Trust Company): https://directedira.com/appointment/ Main Street Business Services: https://mainstreetbusiness.com/ Connect: Website: https://markjkohler.com/ LinkedIn:   / markjkohler   Facebook:   / markkohler   Instagram:   / markjkohler   X:   / markkohler   TikTok:   / markjkohler   If you liked the video, please give it a "Thumbs up!" and subscribe to see more! 00:00 - Introduction to LLCs 00:18 - Importance of LLCs for Success 01:23 - Understanding the Trifecta 04:14 - Overview of the Five LLCs 05:03 - Setting Up the First LLC 08:35 - Common Mistakes in LLC Formation 10:17 - Starting Your Side Hustle with an LLC 12:14 - Tax Benefits of LLCs 14:56 - Comparing LLC Structures 17:14 - Transitioning to LLC Number Three 20:36 - LLCs for Operational Income 23:06 - Importance of Reasonable Compensation 25:05 - Overview of the Main Street Business Podcast 25:54 - Special Purpose LLCs 29:02 - Self-Directed LLCs Explained 31:20 - Personal Journey and Insights 34:26 - Ongoing LLC Management 35:06 - Summary and Action Steps #Taxes #assetprotection #paylesstaxes #wealth #tax #realestateinvestment #Markjkohler #KKOSLawyers #markjkohlerLIVE #Entrepreneur #rentalrealestate #taxplanning #smallbusiness #taxlaw