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Jul 17, 2026 31 min

#627 Setting Up a Partnership LLC

from Main Street Business Hosted by Mark J Kohler and Mat Sorensen

Operating a partnership LLC? Don’t wait for problems to arise. We discuss how to structure your LLC for tax optimization, asset protection, and partner alignment—helping prevent common pitfalls and keep operations running smoothly. For a limited time, save $200 on our Comprehensive Tax and Business Consult. Book a call with our Law Firm KKOS Lawyers Client Advisor Team... Click Here to get started. Ready to Take the Next Step? Work With Mat & Mark’s Law Firm Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers. [Book a Call with KKOS Lawyers] Take Control of Your Retirement Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA. [Learn More About Directed IRA] Free Resources Mat Sorensen’s Optimal Order of Investing Guide Learn how to prioritize where your money should go and build a smarter investing strategy. [Download the Free Guide] Mark J. Kohler’s 30-Point Tax Guide Discover practical tax strategies and planning opportunities every business owner and investor should know. [Download the Free Guide] Get More From Mat & Mark Watch on YouTube Tax strategies, business planning, investing, asset protection, and more. [Visit the YouTube Channel...

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What this episode covers

Operating a partnership LLC? Don’t wait for problems to arise. We discuss how to structure your LLC for tax optimization, asset protection, and partner alignment—helping prevent common pitfalls and keep operations running smoothly. For a limited time, save $200 on our Comprehensive Tax and Business Consult. Book a call with our Law Firm KKOS Lawyers Client Advisor Team... Click Here to get started. Ready to Take the Next Step? Work With Mat & Mark’s Law Firm Get strategic legal guidance f...

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#627 Setting Up a Partnership LLC

0:00 31:49

Chapters

  1. 0:00 Welcome And Why Partnerships Break
  2. 0:41 Why DIY Partnership LLCs Fail
  3. 2:14 Operating Agreements As Risk Control
  4. 3:43 Trust Ownership And Inheritance Problems
  5. 7:06 The Four Ds And Buy Sell Planning
  6. 10:10 One Lawyer And Fixing Old Deals
  7. 12:22 Tax Strategy S Corps Retirement
  8. 15:57 Phantom Income And Distribution Fights
  9. 17:45 Authority Deadlocks And Voting Rules
  10. 20:44 Cash Partner Versus Work Partner Terms
  11. 23:39 Manager Managed LLC Roles
  12. 25:37 Exit Planning And Written Expectations
  13. 29:04 Raising Money Without Securities Trouble
  14. 30:38 Consult Offer Subscribe And Wrap Up

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How long is this episode of Main Street Business?

This episode is 31 minutes long.

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This episode was published on July 17, 2026.

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