Main Street Business
Mark J Kohler and Mat Sorensen
The Main Street Business Podcast, hosted by attorneys Mat Sorensen and Mark J. Kohler, is the go-to resource for entrepreneurs, investors, and business owners who want to build, protect, and manage their wealth. Each episode explores real-world scenarios and offers practical advice on business structuring, tax planning, side hustles, real estate, self-directed retirement accounts, and more.With decades of combined legal and tax experience Mark and Mat make complex financial topics understandable through charismatic discussions and practical education. Their goal is to empower listeners to make smarter legal and financial decisions by turning advanced concepts into clear, actionable strategies for LLCs, corporations, estate planning, tax reduction, raising capital, asset protection, and retirement planning. Mark J. Kohler is a CPA, attorney, best-selling author of six books, and a nationally recognized authority on small business tax and legal strategies. Mark serves as a Senior Partner at KKOS Lawyers and Board Member at Directed IRA Trust Company, which manages over $3 billion in assets. As the founder of the Main Street Certified Tax Advisor Program, Mark has trained thousands of CPAs and Enrolled Agents nationwide, helping millions of small business owners better navigate tax and legal strategies. Mark also co-hosts The Main Street Business Podcast along with Mat Sorensen.Mat Sorensen is an attorney, best-selling author of The Self-Directed IRA Handbook, and CEO of Directed IRA & Directed Trust Company, a leading self-directed IRA custodian with nearly $3 billion under administration. He is a national expert on self-directed retirement strategies and a Senior Partner at KKOS Lawyers. Mat also co-hosts The Main Street Business Podcast along with Mark J. Kohler.
Episodes
Mentioned books
Aug 13, 2024 • 18min
#519 How The Rich Make Their Assets Invisible
Join Mark J. Kohler in this latest episode of the Main Street Business Podcast as he explores the fundamentals of asset protection and privacy. Learn about the essential structures, from LLCs to the advanced "Trifecta Strategy," and how regular reviews and professional advice can boost your financial security.Here are some of the highlights:Mark emphasizes how asset protection is about implementing strategies to protect financial assets.Create entities without personal name/address, use mail forwarding services.Measures to level up security/privacy, such as video inventory of belongings, shredding documents, and fireproof safes.Asset protection and privacy has 3 different levels based on asset amount and risk.Mark maps out the Trifecta and how it can be used to enhance asset protection, tax strategies, and estate planning.Why asset protection and privacy are essential for wealth building and security.Importance of regular maintenance and updates. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
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Aug 9, 2024 • 30min
#518 3 Simple Crypto Tax Hacks The IRS Want You To Ignore
Join the hosts as they unravel the intricacies of cryptocurrency tax strategies. Discover how Charitable Remainder Trusts can reduce capital gains taxes while boosting cash flow. Learn the benefits of using Roth IRAs for tax-free trading and maximizing your crypto investments. They also discuss the massive trading volume in Bitcoin, highlighting the importance of reporting all transactions to the IRS. Get ready to implement these insider tactics and potentially save big on your cryptocurrency taxes!
Aug 8, 2024 • 17min
#517 How The Rich Use S-CORPS To Explode Their Wealth
In this episode of the Main Street Business podcast, host Mark J. Kohler guides you through the strategic advantages of S corporations. Find out how to leverage them for maximum tax savings, secure your retirement, and maintain pristine corporate records, ensuring your business thrives for years to come.Here are some of the highlights:Mark begins by mapping out the 'trifecta' model: operations, assets, and trust/1040 tax returnExplains how S Corporation allow for splitting income into salary and pass-throughHow this strategy works well for various professionals making $50,000 or moreImportance of diversifying wealth building between business operations and retirement account via Solo 401kHow a Board of Advisors generates more legitimate write-offs for the S corporationS corporations have 1500% less chance of audit compared to LLCsHow to take advantage of tax deductions on travel, meals, and equipment for board members Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
Aug 2, 2024 • 41min
#516 Tax Lawyer Q&A: Strategies To Save You THOUSANDS In Taxes
Ashley Burr, an expert in optimizing business structures and tax benefits, shares essential insights on minimizing tax burdens. She discusses the advantages of converting 401Ks to Roth IRAs and emphasizes choosing the right business structure, especially for spouses. The conversation dives into leveraging Health Savings Accounts, tax strategies for real estate professionals, and maintaining a corporate veil. Listeners will find value in tips regarding S Corporations and effective asset protection, making tax savings more accessible.
Jul 30, 2024 • 18min
#515 The Trifecta System: How The Rich Avoid Taxes
Join Mark J. Kohler in this episode of the Main Street Business Podcast as he simplifies saving taxes and building wealth with the Trifecta System. Learn the basics of legal structures and advanced strategies to protect and grow your assets.Here are some highlights:Mark introduces the Trifecta and how it can be used to save taxes, build wealth, and leave a legacy.Mark points how the Trifecta is designed for everyone, not just the top 1%.Emphasizes the importance of starting small and growing.Mark maps out his own personal journey using the Trifecta.How to successfully implement the Trifecta for parents' estate.Encourages self-management with the right professional guidance.Proves how the tax savings and protection strategies work in real-world situations. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
Jul 23, 2024 • 44min
#514 The 3 Ways The Rich Raise Money To DOMINATE Business
In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen explore the fundamentals of funding your business. Join them as they discuss borrowing, partnerships, and SEC-approved strategies, ensuring you understand the legal frameworks that differentiate these options.Here are some highlights:Mark and Mat unpack t three main methods: borrowing, partnering, and raising through SEC-approved mannerMark and Mat discourage blending methods to prevent legal issuesStress the importance of proper documentation for legal protectionSignificance of transparency and proper use of raised fundsImportance of staying in the chosen "lane" (lender, partner, or investor)Caution against relying solely on influencer-provided documents or methodsEnsure proper recording and execution of all legal documents related to raising capital Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
Jul 16, 2024 • 32min
#513 The Smartest Route To Beating Inflation
Join Mark J. Kohler and Mat Sorensen in their newest Main Street Business Podcast episode as they tackle the pressing issue of inflation and how it’s reshaping daily life for Americans. From taking on side gigs to mastering budgeting hacks and debt management strategies, they’ve got you covered during these difficult times.Here are some highlights:Mark and Mat discuss and break down the impact of inflation on average Americans.Mark and Mat map out strategies to combat rising costs.Emphasize the benefits of side hustles to increase income.Solutions like house hacking to reduce housing costs.Examples of low-cost business ideas and starting small.Significance in taking on any available work in order to make ends meet in difficult times.Importance of self-respect and perseverance. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
Jul 9, 2024 • 11min
#512 The Truth About S-Corps: How To ACTUALLY Pay Yourself
In this episode of the Main Street Business Podcast, host Mark J Kohler tells you all you need to know about S Corporations. Learn how to effectively balance your payroll with profit, understand the fundamentals of business structures, and discover tips to optimize your tax benefits.Here are some highlights:Mark points out the confusion around determining the right payroll amount.Introduction to the Kohler Payroll Matrix as a solution.Mark breaks down the trifecta: revocable living trust, operations, and assets.Details on how LLCs and S corporations fit into the trifecta.Importance of taking a salary from the S corporation to save on self-employment tax.How the payroll percentage decreases as profit increases.Emphasis on not overcomplicating the payroll determination process. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
Jul 8, 2024 • 15min
#511 They're LYING To You... You NEED An S-Corp (Here's How)
In this episode of the Main Street Business Podcast, host Mark J Kohler presents simplified tax strategies for business owners beginning their journey. Learn essential tips to safeguard your assets, reduce your taxes, and confidently control your financial path.Here's what you can look forward to:Mark introduces and breaks down the Trifecta concept for tax savings and asset protection.How the Trifecta design can be used as a tool for visualizing and achieving financial goals.Importance of separating business and personal assets for protection.Explanation of the benefits of setting up an S Corporation.Encouragement to invest retirement accounts in non-Wall Street products.Significance of having a tax advisor who understands advanced tax strategies. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
Jul 2, 2024 • 25min
#510 Listen to this Before Putting Your Spouse on Payroll
In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen unpack the advantages and disadvantages of putting your spouse on the payroll. They shed light on potential pitfalls, discuss savvy alternatives such as board roles and Roth IRAs, and highlight the benefits of Solo 401k contributions and HRAs.Here's what you can look forward to:Mark and Mat break down the common misconceptions about paying spouses.Additional payroll costs including FICA, Medicare, and unemployment taxes.The benefits of using board of directors/advisors roles for spouses.Outline of the advantages, including solo 401k contributions for spouses and maximizing retirement savings through payroll.Scenarios where spouses must be on payroll due to material participation.Ensuring compliance with tax laws and regulations. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
