Episode Player

#627 Setting Up a Partnership LLC

Main Street Business

Chapters
0:00
Welcome And Why Partnerships Break
0:41
Why DIY Partnership LLCs Fail
2:14
Operating Agreements As Risk Control
3:43
Trust Ownership And Inheritance Problems
7:06
The Four Ds And Buy Sell Planning
10:10
One Lawyer And Fixing Old Deals
12:22
Tax Strategy S Corps Retirement
15:57
Phantom Income And Distribution Fights
17:45
Authority Deadlocks And Voting Rules
20:44
Cash Partner Versus Work Partner Terms
23:39
Manager Managed LLC Roles
25:37
Exit Planning And Written Expectations
29:04
Raising Money Without Securities Trouble
30:38
Consult Offer Subscribe And Wrap Up
Main Street Business
#627 Setting Up a Partnership LLC
Jul 17, 2026
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.

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