An LLC can be a powerful tool for partnership clarity and tax efficiency! 🤝 Mark and Mat run their law firm as an LLC, employing their team and managing expenses. But to maximize benefits, they each own individual S Corporations that hold a share in the LLC. This structure helps define roles, shares, exit strategies, and scale & sell! Comment "updates" I'll DM you my tax and legal newsletter with more strategies like this. #cpa #lawyers #LLC #scorp #partnership #business #taxes | Mark J. Kohler

This is How I Setup my Partnerships. First you need to form an LLC, taxed as an S-Corp. Then when you want to work together, form a new LLC where each of your companies is a 50-50 partner. This way, when the sales come in, you can pass the money to each other, enjoying your own fringe benefits and tax savings from your own S-Corp. If you want to get rally storng with your business fundamentals checkout my membership. We do weekly calls, host trainings, share our wins, share our struggles, find s