Mark J Kohler - How The Rich Use LLCs To Hide Their Assets And Avoid Taxes

Mark J Kohler - How The Rich Use LLCs To Hide Their Assets And Avoid Taxes

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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