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I like your life to be simple and efficient and year end is the best time to close stuff down set up or dissolve any entities by January 1st why dont I just call you January 1st because then youre paying another year of fees you dont want to have a partial year tax return next year you dont want to be a sole proprietor for proprietor for four weeks of or three weeks of January get it set up so its ready to go you start paying your kids to pay for their own things dont you pay taxes and give them money to pay for their things or pay for their stuff just change the way youre doing it and it can that but thousands of dollars of savings on your bottom Lane welcome everybody to this weeks episode of The Main Street business podcast and as the resident nerd of your Two Hosts Mark Kohler I am so excited about the Tax Strategies yeah baby were both tax lawyers but markets resident nerd because he also happens to be a CPA yeah so yes youre listening to a podcast by two tax lawyers yo