MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Business Owners - Avoid a Personal Lawsuit with an LLC

16 Sept 2025 · 1 min

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0:34

In this concise advisory segment, Mark Kohler stresses that merely forming an LLC on paper is insufficient to shield a business owner from personal liability. He outlines the essential practical steps to preserve limited liability: establishing separate bank and checking accounts, transferring ownership titles of assets to the LLC, and rigorously observing LLC formalities. Kohler lists the concrete documents and records required— a corporate book, a written operating agreement, membership or stock certificates, and meeting minutes— and insists these must be physical, mailed documents rather than solely digital or AI‑generated files. The overall message is a cautionary, instructional call to treat the LLC as a real, separate legal entity to avoid personal lawsuits.

Chapters

I don't want to be sued personally. So I set up an llc. I got my one sheet of paper. Do you have a separate bank account? Do you have a separate checking? Has the title been transferred? Oh, big one. What are we doing to show that we are respecting the llc? We set up the guts? Do you have a corporate book? Do you have an operating agreement? Do you have membership certificates or stock certificates? Do you have minutes? Do you have all those things that go into the setup of the llc? And you can't just chatgpt that. You've got to actually get something mailed to you from a company that's going to create that book. It's an actual piece of paper. I'm sorry, it's just not digital yet.