Main Street Business

By 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, a

... more

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about Main Street Business:

How many episodes does Main Street Business have?

The podcast currently has 650 episodes available.

Main Street Business episodes:

October 24, 2023#459 The Real Benefits of S-Corps
Hit your settings and auto download our podcast!
In this episode of the Main Street Business podcast, host Mark J Kohler delves deep into the nitty-gritty of S Corporations, LLCs, and the concept of the Trifecta in business. Here are some of the significant points discussed:
An extensive walkthrough of S Corporations, the misinformation surrounding them, and why they're valuable for business owners.
The comparison between an LLC and an S Corporation
An in-depth explanation of the Trifecta, and how it provides a solid foundation for business owners.
An explanation of how an S Corporation plays a vital role in tax management strategy.
Real-world examples of how transitioning to an S Corporation can result in significant tax savings.
The importance of maintaining compliance with an S Corporation, including managing payroll, ensuring proper legal documentation, and regular meetings with a tax advisor.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
19min
October 19, 2023#458 Charting a Sustainable Path in the Fashion Industry w/ Entrepreneur Allison Boyes
In this episode of the Main Street Business podcast, host Mark J Kohler invites special guest Allison Boyes, a young fashion entrepreneur and designer onto the show. They delve into Allison's journey from selling vintage clothing in high school to launching her own luxury label. Here are some of the topics they cover:
The significance of hands-on experience and learning by doing in entrepreneurship.
Allison's unique venture into creating luxury cowhide coats, discussing her sourcing methods and the challenges of material costs.
The process of finding a manufacturer, with Allison's emphasis on keeping production within the US.
Insights into the development of a brand identity, from selecting a color scheme to conducting photo shoots for marketing.
The concept of a 'core collection' in fashion, and how this helps in brand recognition and consistency.
Allison's plans for future collections, adding new elements to her existing line, and her ongoing efforts in marketing and brand promotion.
The challenges and rewards of balancing entrepreneurship with personal responsibilities like motherhood.
A discussion on the importance of staying true to one's values in business, as exemplified in Allison's decision to keep production local despite potential cost savings overseas.
Check out my daughter Allison's business and website here:
https://www.allimarye.com/
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
21min
October 17, 2023#457 The Reality Check for Small Business Owners Considering QSBS
In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen discuss the complexities and potential pitfalls of the Qualified Small Business Stock (QSBS) tax strategy. Here are some of the key points they discussed:
An explanation of the QSBS strategy, its allure for small businesses, and the role of C Corporations in this strategy.
The three major problems associated with the QSBS strategy - The requirement of having a qualifying business, the need to show significant profit, and issues with potential buyers.
The significance of earnings before interest, taxes, depreciation, and amortization (EBITDA) in determining the value of a business.
The types of businesses that qualify for the QSBS strategy, and the potential roadblocks that could hinder a QSBS.
Real-world examples of situations where the QSBS strategy worked successfully, specifically in venture capital scenarios.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
19min
October 15, 2023#456 How to Unlock Passive Income with Rental Properties w/ Rich Fettke
In this episode of the Main Street Business podcast, host Mark J Kohler welcomes special guest Rich Fettke, co-founder of Real Wealth - an organization that educates and helps individuals with their real estate investments. They discuss Rich's journey from being diagnosed with melanoma skin cancer to becoming a successful real estate investor and coach. Here are some of the topics they cover:
The importance of passive income and how it can ensure financial security during unexpected life events.
A unique 'holistic' approach of Real Wealth to wealth building which integrates living life on your own terms with making money.
Insights on the potential of small multi-family properties like duplexes as a strategic investment move.
How market research and vetting processes are crucial in identifying emerging markets for real estate investments.
Exploring the concept of a self-managing business, empowering team members to run the business, and freeing up time for personal growth and pursuits.
Real Wealth's innovative model of having property teams across the country, ensuring the quality of properties, and understanding localized real estate trends.
Providing advice for potential investors to take action, start small, and consistently grow their real estate portfolio over time.
Importance of making sound investment decisions and not just chasing tax benefits.
The real estate market by debunking fear-mongering headlines and focusing on actual data and trends.
For more opportunities to learn from Rich Fettke, follow the link below to his website and stay connected: https://realwealth.com/
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
25min
October 10, 2023#455 Health Insurance Open Enrollment: Strategies for Individuals and Small Businesses
In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen highlight the significance of healthcare open enrollment for solopreneurs and business owners. They delve into a range of strategies and tips to help manage healthcare expenses and optimize benefits. Here are some of the key points they discussed:
Insights into different healthcare facets and angles, such as the Health Reimbursement Arrangement (HRA), the Qualified Small Employer Health Reimbursement Arrangement (QSEHRA), and the Individual Coverage Health Reimbursement Arrangement (ICHRA).
Benefits of using the Health Savings Account (HSA) strategy for those who are generally healthy, including its tax advantages and potential for future growth.
The role of insurance agents, bankers, and lawyers in providing guidance on healthcare plans, emphasizing the need for individuals to educate themselves on their options.
The concept of 'network' in healthcare plans, highlighting how the choice of network can impact the cost and coverage of your healthcare.
The need for employers to consider healthcare benefits as a tool for retaining and attracting quality employees.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
35min
October 03, 2023#454 What to Do if You Can't Pay Your Taxes by October 16th
In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen provide a comprehensive guide on how to deal with the Internal Revenue Service (IRS) when you owe them money!
Understanding the importance of communicating with the IRS and making a plan to address tax debt.
Resolving tax debt options, such as short-term and long-term payment arrangements.
The process and potential benefits of negotiating a deal with the IRS through an Offer and Compromise.
Examining the implications and potential consequences of ignoring IRS communication about owed taxes.
Analyzing the potential of bankruptcy as a last resort option for resolving overwhelming IRS debt.
Highlighting the necessity of seeking professional help for tax resolution and avoiding costly mistakes.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
35min
September 26, 2023 #453 The People's Show - Open Forum
In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen take questions submitted by listeners!

If you want to submit a question for our once-a-month open forum show, visit: https://podcast.mainstreetbusiness.com/submit-a-question/

For more game-changing financial strategies, be sure to like and subscribe to the podcast, and sign up for our weekly newsletter to get more FREE education every week: https://markjkohler.com/contact-us/
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
42min
September 19, 2023#452 Short Term Rental Tax Loopholes - Year End Rush
In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen delve deep into the tax benefits available through short-term rental properties. They explain how real estate professionals can offset their losses on rentals against their other income sources, thus introducing the concept of a short-term rental loophole.
Understanding the potential tax benefits of utilizing tax write-offs and loopholes.
Exploring the concept of cost segregation and its potential for significant write-offs.
Examining the criteria for material participation in real estate investments and its impact on tax deductions.
Leveraging cost segregation and depreciation to optimize tax benefits in the short term.
Balancing the pursuit of tax deductions with the importance of making sound investment decisions.
Incorporating various tax strategies such as S Corps, LLCs, and self-directed retirement accounts.
Cautioning against making poor investment choices solely to chase tax losses.
Maximizing the tax benefits of short-term rentals through proper structuring and reporting.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
29min
September 12, 2023#451 Entity Formation: Top 5 Mistakes and Effective Fixes
In this episode of the Main Street Business podcast, co-host Mat Sorensen, along with special guest Ashley Burr, discuss the complexities of setting up and managing business entities. They highlight the five common mistakes people make when setting up an entity, such as forming entities in the wrong state and having the incorrect tax classification. Furthermore, they provide strategies on how to fix these errors, emphasizing the importance of asset protection and tax savings. They also underscore the need to have the right business structure for operations and the potential benefits of restructuring an existing entity.
Covering the five common mistakes made when setting up business entities.
Highlighting the importance of forming entities in the correct state for optimal tax benefits and legal compliance.
Explaining the drawbacks of setting up a C corporation and the benefits of opting for an S corporation or an LLC.
The significance of correct tax classification for maximizing tax savings.
Emphasizing the need to separate operations from assets for effective asset protection.
The benefits of using S corporations for partnerships and how to structure them correctly.
Highlighting the need to set up an entity if you own rental properties or run an operational business for asset protection and potential tax savings.
Explaining the potential benefits and steps involved in restructuring an existing entity to fix past mistakes and optimize for future operations.

For more game-changing financial strategies, be sure to like and subscribe to the podcast, and sign up for our weekly newsletter to get more FREE education every week: https://markjkohler.com/contact-us/
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
30min
September 05, 2023#450 The 5 Methods to Build and Grow a Successful Nonprofit
In this episode of the Main Street Business podcast, host Mark J Kohler, along with guest Deven Munns, delve into the complexities of establishing and operating a nonprofit organization. They stress the importance of identifying your purpose, assembling the right team, and meticulous planning. Furthermore, they shed light on the intricacies of fundraising, the necessity to have a precise structure, and budget considerations. They also share their personal experiences and valuable insights into running a successful nonprofit organization.
Importance of a comprehensive plan for starting a nonprofit organization
Steps to set up a nonprofit, including filing articles of incorporation and deciding on a URL/brand
Differences between private foundation and public charity and the corresponding IRS forms to file
Understanding the better tax write-offs available for public charities and the four tiers of write-offs
The complexities of filing the long Form 1023 with the IRS to register a nonprofit
The role of a board of directors and strategic partners in planning and fundraising for a nonprofit
Delegating fundraising avenues to different board members for a comprehensive approach
Addressing legal and tax considerations such as unrelated business income tax (UBIT) and the need for separate organizations for certain activities
For more game-changing financial strategies, be sure to like and subscribe to the podcast, and sign up for our weekly newsletter to get more FREE education every week: https://markjkohler.com/contact-us/
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
41min

FAQs about Main Street Business:

How many episodes does Main Street Business have?

The podcast currently has 650 episodes available.