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

RESPECT THE ENTITY!!!

15 Mar 2023 · 1 min

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0:51

Mark Kohler walks through five steps to set up and protect an LLC or corporation: form it properly, open a business bank account, and then respect the entity by using its legal name everywhere. Business cards, contracts, websites, and payment platforms should all show the company name, not yours. Use the entity's EIN on W-9s so payments go to the business, not your personal account.

Chapters

So, number one, get an entity. Number two, set it up properly. Number three, open your bank account. Number four, maintain it. Get right on the system. If some of you haven't done a cleanup, we can do that system immediately. Even if you've had your entity for five to 10 years. Let's tidy it up. Number five, I'm going to call respect. And here's what I mean by that. If you're going to hire someone, they should get a business card with your company name on it. They should know that you're the manager of this LLC or the president of the corporation. There should be a contract. Your website should reflect the name of the company. Your email should reflect the name of the company. It's not much to get your own company. Gmail platform, maybe 20 bucks a month. And now I'm Mark at Marc J. Kohler Inc. I want to have that respect. Your email, your website, your business card, Your Venmo, your PayPal, your merchant account, all going to your company.
Hey, guys, W9. So many people put their personal social on a W9. Use
the EIN.
If the business that you're working for is paying you personal, they're not paying the company.
Yeah,