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How to Set Up and Maintain Your Business Entity Don't believe anyone who says an LLC is simple.

By Mark J. Kohler

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Mark Kohler discusses the importance of setting up your business entity properly.

"It's not just one sheet of paper. [It's not just] online, click, click, click, I've got my LLC . . . . You need to have bylaws, or an operating agreement. You need to have minutes and a corporate book -- and that's even with an LLC."

Click play to see how proper financial preparation can save you from headaches later.

Watch more videos from Mark J. Kohler on his YouTube channel.

Related: How to Double Your Desired Income In the Next 6 Months

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical and provides partners with distribution on Entrepreneur.com as well as our apps on Amazon Fire, Roku and Apple TV.

Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney, and CPA

Mark J. Kohler, a certified public accountant in Irvine, Calif., is a partner in the accounting firm Kohler & Eyre, and the law firm Kyler, Kohler, Ostermiller, & Sorensen LLP, specializing in business, estate and tax. He is the author of The Tax & Legal Playbook and What Your CPA Isn't Telling You from Entrepreneur Press.

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