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

Skipping LLC minutes could cost you

30 Jan 2026 · 1 min

Watch on YouTube

0:55

This content was created by MARK KOHLER. This content was uploaded by MARK KOHLER. This is a YouTube video titled "Skipping LLC minutes could cost you" (posted 2026-01-30) featuring MARK KOHLER giving a solo, practical advisory talk about LLC compliance. He explains what meeting minutes are, why annual (or more frequent) minutes are important for IRS and courts, how to record attendance and actions (in-person or Zoom), and why banks and loans often require minutes — positioning them as useful for support and tax write-offs rather than an optional chore.

Chapters

This is a great opportunity for support and tax write offs. Annual minutes are not optional and that's okay. It's not a pain in the butt to have annual minutes. See a lot of people are told LLCs don't need to do annual minutes or quarterly minutes or minutes at all. Legally some state statutes don't require them but the IRS and courts absolutely do and expect them. What are minutes, let alone annual minutes? Minutes are the written record that you held a meeting with people in person or even on zoom in your going to write down here's who attended, here's what we talked about, here's what we did and they could sign up virtually or in person. Now I want you to do these minutes at least annually but you could have minutes every month or every quarter. In fact if you go take out a bank loan with your llc, a bank's going to require minutes that authorize you to take out that loan.