Mark Kohler shows business owners how to deduct family vacations by holding documented board meetings during trips. If you create meeting minutes discussing business strategy during Thanksgiving dinner or a mountain getaway, the travel becomes a legitimate write-off. Main Street Business Services offers a portal to generate and sign minutes for $200 a year.
Chapters
People, you want to maintain the LLC by having your annual meeting minutes, and it's a great tax write-off opportunity. You want to make special tax elections in those minutes. You want to have a board meeting with your family when you're having Thanksgiving dinner. I want to write that trip off. I want to go on an annual trip with my family and talk about business, leaving a legacy, talking about business. The board meeting, it should be one of your most special times. Literally, Patty and I, my wife and I, we love to have our board meeting with our kids, and we have a company for this, Main Street Business Services. We have a portal where you could actually do your meeting minutes online on your laptop or on your iPad at your board meeting in the mountains, looking out the window and, oh, how did the business do? Check, check, check, check, check. And then your minutes are printed for you. They're organized. It's super expensive though, I'm sorry. Buckle up, it's $200 a year. I know, highway robbery.