Mark Kohler shows how to use LLC board meetings as tax-deductible travel. Hold annual meetings in places like Cabo, document everything carefully, and deduct the trip as a business expense while strengthening your asset protection and audit defense.
When you set up an llc, you should be setting up your own board of directors, your own board of advisors. You now get to have. You don't have to. You get to have an annual meeting. You get to have a meeting with your family, your friends, the people that you mastermind with. This LLC is now your crucible for building your American dream. And so when you go have those meetings, it's a tax write off. You get to go to dinner, go on a trip, go to Cabo, I don't care, have your juggernaut for your company meeting. That is a process that actually solidifies the asset protection of your entity. It gives you audit protection with the irs, us. It makes your entity more legitimate. So you may look at it as a have to. I look at company maintenance as an opportunity, an opportunity to engage with your family. Have this amazing board meeting and we will give you the list of questions to discuss. We will do the minutes, we will make them look pretty, and at the same time, double check with the state that you're clean and organized and you're off to the races.
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