#572 LLC Masterclass: Everything Every Business Owner Should Know!

Main Street Business

In this episode of the Mainstreet Business podcast, host Mat Sorensen kicks off the LLC Masterclass series with the questions every entrepreneur, investor, and side hustler needs answered:

Do you actually need an LLC?
How do you set one up the right way?
What about paying yourself?
How many LLCs should you have?
And which state should you form it in?

With over 20 years of experience and 10,000+ LLCs formed for clients across all 50 states, Mat breaks down the four main reasons why forming an LLC might be a smart move for your business or real estate investments. He covers asset protection, business legitimacy, partnerships and investors, and how to properly structure rental properties and estate planning.

Whether you're just starting your first business or growing a real estate portfolio, this episode will give you a solid foundation on how LLCs work—and why they matter.

✅ For tax and legal planning with your LLC, visit kkoslawyers.com
✅ For LLC compliance support, go to mainstreetbusiness.com

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Chapters

1. Introduction to LLC Masterclass (00:00:00)

2. Four Primary Reasons for LLCs (00:00:49)

3. Proper LLC Setup Process (00:08:26)

4. How to Pay Yourself from an LLC (00:17:32)

5. Multiple LLCs for Rental Properties (00:25:21)

6. Multi-State LLC Registration Requirements (00:31:16)

7. Conclusion and Disclaimer (00:35:01)