Mark Kohler tells small-business owners to dissolve dormant LLCs before year-end to stop paying state filing fees and registered-agent charges. Set up any new entities by January 1 so they're ready for next year's tax plan. A consultation with a tax lawyer under $2,000 can map out a strategy for your state and business.
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Dissolve or set up any entities you might have laying around. For example, an LLC that you set up two or three years ago and it's just still sitting on the shelf. You may be paying state fees, registered agent fees, maybe even some state taxes called the franchise tax in the state of California is just one example. All the states can have a different rule with this and it could be costing you clean house. Dissolve any of these entities before year end so that you're not carrying that cost into next year. And number two, any of you that are restructuring right now, let's get any entities set up that you need by January 1st. So you're dialing in for next year's tax planning. This is a perfect time of year. Get a consult, set up with one of our tax lawyers for a comprehensive tax plan under two grand with a real lawyer on the phone helping you around the country in any state.