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Hi Mark Kohler here with another tax and legal tip Talking about board of directors or board of Advisors now some of you may think this is a big corporate type strategy And youre too small to ever have such a thing but folks This is a fantastic tax strategy legal strategy and business strategy frankly I should have been shooting more videos and writing more blog articles about this topic And I got five tips for you number one this should be used for corporations and Llcs Dont think youre left out in the cold because you dont have an INc. Behind your company name an LLc is fine I call it a board of directors if its a corporation and a board of advisors if its an LLC in the Bylaws of your corporation its going to define the role of the board of directors in an operating agreement for an LLC and in the minutes You should have a definition for your fort of advisors Both companies should have this team of advisors or directors to help you in your business number Two this will help y
