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

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FAQs about Main Street Business:

How many episodes does Main Street Business have?

The podcast currently has 841 episodes available.

Main Street Business episodes:

October 04, 2024#533 How ANY Finance Professional Can Explode Their Wealth
In this episode of the Main Street Business Podcast, host Mark J. Kohler shares actionable strategies to help tax professionals expand their services into advisory. From developing dynamic pricing models to pinpointing your ideal clients, this episode is full of insights to help you enhance your advisory offerings and attract more clients with confidence.
Here's what you can look forward to:
Mark introduces the concept of transitioning to tax advisory services.
Mark highlights the need to overcome imposter syndrome and self-doubt.
A full breakdown of specific areas to focus on: reasonable comp, family payroll, self-directed retirement accounts, creative write-offs.
Emphasizes the importance of finding clients where advisors can make a significant impact.
Introduces the concept of a community for learning cutting-edge strategies
Explanation of the two-step process for discovery calls and comprehensive consultation.
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
28min
October 02, 2024#532 The Side Hustle System: How To Make Money In Your Free Time
In this episode of the Main Street Business Podcast, host Mark J. Kohler breaks down the roadmap to turn your side hustle into a powerful income stream. Learn how to form an LLC, develop a solid marketing strategy, and implement seven key principles that will set your business up for sustainable success.
Here are some of the highlights:
Mark emphasizes the need to turn side hustles into sustainable wealth-building opportunities.
Mark introduces and unpacks seven crucial points for impacting side hustles.
Importance of clearly stating your business purpose in one sentence.
The significance of setting up an LLC for legitimacy and potential tax benefits.
How to develop a marketing plan focused on identifying and reaching your target audience.
Establishing a board of advisors for support and accountability.
Building relationships with potential customers through value provision.
Reminder to set aside 10% of revenue for taxes.
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
28min
September 27, 2024#531 Tax Advisor Playbook: The Tax Secret To Save Your Clients Thousands
In this episode of the Main Street Business Podcast, host Mark J. Kohler explores tax-smart strategies for hiring family members. Learn about hiring children under age 18 without complex tax forms, managing finances through a Family Management Company, and leveraging tax deductions for adult children’s education and healthcare. Mark also provides insights on creating bank accounts for family members and making strategic real estate investments.
Here are some of the highlights:
Mark unpacks the benefits of bringing family members and children into the business, including tax savings, teaching kids about work and business.
How kids can do legitimate jobs like shredding paper, cleaning, marketing, etc
Mark maps out and breaks down the different rules for kids who are 18+ and under 18.
Use the 'Trifecta' structure: Operations, Assets, Family Management Company.
Tax write-off for college tuition by paying kids to manage properties
Pay kids from LLC, Sole Proprietorship, or S Corp via Family Management Company
Health insurance strategy: Kids can qualify for own insurance if earning enough
Potential for significant savings on family health insurance premiums
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
27min
September 24, 2024#530 Tax Lawyers Breakdown Harris vs Trump Tax Plan (FULL DETAILS)
In this episode of the Main Street Business podcast, hosts Mark J. Kohler and Mat Sorensen analyze the potential tax changes as the Tax Cuts and Jobs Act nears expiration. They discuss Kamala Harris's proposal to increase capital gains taxes and enhance child tax credits versus Donald Trump's plan to maintain lower rates and extend business deductions. They also cover strategies for family tax planning and corporate tax management, offering tips for adapting financial strategies to these upcoming changes.
Here are some of the highlights:
Mark and Mat begin by pointing out how individual tax brackets will increase, while standard deduction will decrease.
A breakdown of how Harris will increase child tax credit ($6000 for first year, $3600 for ages 3-5, $3000 for older)
Trump’s plan to reduce corporate tax rate to 20%, 15% for US-made products.
In-depth look at Harris’ proposal of a $50,000 startup cost deduction for new businesses.
How Trump will go about increasing tariffs on foreign corporations and eliminating tax on Social Security benefits.
How both candidates support removing tax on tips for workers.
Mark and Mat discuss the potential economic impacts of each plan.
Importance of focusing on personal financial goals regardless of the election outcome.
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
43min
September 20, 2024#529 Tax Advisor Playbook: Help Your Clients Establish A Family Board
In this episode of the Main Street Business podcast, host Mark J. Kohler focuses on the transformative role of family board meetings in a business context. He discusses how these meetings are crucial for asset protection, tax planning, and promoting family unity, offering a blueprint for implementing these strategies effectively in any business environment.
Here are some of the highlights:
Mark introduces the concept of family board meetings and how it can be used for LLCs (board of advisors) or corporations (board of directors).
Mark breaks down how to establish a board: document the meeting, discuss business plans.
The importance of maintaining corporate veil for asset protection.
Mark shares personal experience of organizing a family board meeting in Jackson Hole, Wyoming.
Emphasis on teaching clients to build and maintain family board meetings.
The significance of creating a professional atmosphere with conference rooms, name tags, and agendas.
Positive impact on family relationships and business understanding.
Importance of creating the right ambiance for effective meetings.

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
26min
September 17, 2024#528 All Things Solo 401k
In this latest episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen explore the Solo 401(k), detailing how self-employed professionals and small business owners can benefit from its substantial contribution caps and diverse investment opportunities, such as real estate and cryptocurrencies.
Here are some of the highlights:
Mark and Mat breakdown how a solo 401(k) is key to building retirement wealth.
Mark and Mat unpack the optimal order of investing: Company match, Roth IRA, HSA, then solo 401(k).
Why the Solo 401(k) is ideal for high-income self-employed individuals.
Cannot have solo 401(k) with full-time employees (1000+ hours/year)
Spouse can have separate solo 401(k) if they have their own business
Self-directing investments: Not limited to stocks, can invest in real estate, private companies, crypto
Importance of maintenance and requirements: Track contributions, file Form 5500 when assets exceed $250,000
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
53min
September 10, 2024#527 Tax Advisors Playbook: Moving Your Client From An LLC To an S-Corp
In this latest episode of the Main Street Business Podcast, Mark J. Kohler explores the benefits and processes involved in converting to an S Corporation. Learn how making the switch can save your clients money, the critical timelines for filing, and how the Kohler Payroll Matrix can guide setting reasonable compensation.
Here are some of the highlights:
Mark recommends converting to S Corporations when net income reaches $40,000-$50,000.
Mark advises and breaks down how to convert an LLC to S Corp using Forms 8832 and 2553.
How tax professionals can present the S Corporation strategy as a new tax-saving opportunity to clients.
The significance of implementing payroll before year-end for retroactive elections.
How to use the Kohler Payroll Matrix as a tool for determining reasonable compensation.
Using retroactive S election with Rev. Rule 2013-30 for mid-year conversions
After-the-fact quarterly payroll recommended for flexibility.
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
27min
September 06, 2024#526 So You Just Formed An LLC... Now What?
Join Mark J. Kohler and Mat Sorensen in this episode of the Main Street Business Podcast for a comprehensive guide on setting up and running LLCs and S Corporations. From crucial legal requirements to strategic financial practices, get equipped with knowledge on new BOI reporting rules and how these could impact your business in 2024.
Here are some of the highlights:
Mark and Mat stress the importance of properly setting up and maintaining LLCs and S Corps
Mark and Mat advise opening separate bank accounts for entities.
Use entity names on contracts, agreements, and property titles.
How BOI applies to most small businesses, exemptions for large companies.
Mark and Mat debate the crucial effectiveness of BOI reporting.
The severity of penalties for non-compliance.
The significance of maintaining accurate bookkeeping.
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 03, 2024#525 3X Your HSA: The Secret To Supercharging Your Wealth
In this latest episode of the Main Street Business Podcast, host Mark J. Kohler explains the strategic benefits and mechanics of Health Savings Accounts (HSAs). Unpack the tax advantages, flexible contributions, and the array of investment opportunities available through HSAs. From cryptocurrencies to real estate, learn how to maximize your HSA for both health and wealth.
Here are some of the highlights:
Mark explains how an HSA is portable and can be set up with any employer or as an entrepreneur.
Mark breaks down the 2024 contribution limits: $4,150 for singles, $8,300 for married filing jointly.
Users have the ability to invest HSA funds in various assets (e.g., cows, crypto, rental property)
How HSAs can be used for retirement at age 59.5 if not used for medical expenses.
Two investment options: Traditional HSA with limited investment choices and Self-directed HSA with broader investment options.
The importance of reimbursing yourself for past medical expenses.
Potential for higher returns compared to traditional investments
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
34min
August 30, 2024#524 How The Rich Use LLCs To Hide Their Assets And Avoid Taxes
In this episode of the Main Street Business Podcast, Mark J Kohler dives deep into the world of LLCs and their critical role in business success. He breaks down the concept of the trifecta and how it can empower entrepreneurs to build their American dream.

Here's what you can look forward to in this episode:

Mark explains the importance of understanding what an LLC is and how it can be effectively utilized to protect assets and enhance business operations.
He introduces the trifecta concept, highlighting its significance in wealth building and asset protection for business owners.
Listeners will learn about the five different types of LLCs and who they are best suited for, along with practical examples to illustrate their uses.
Mark discusses common mistakes business owners make when forming LLCs and how to avoid them to ensure a successful setup.
The episode covers the transition from a standard LLC to an S Corp and the tax benefits associated with this shift, providing valuable insights for growing businesses.
Mark shares his personal journey as an entrepreneur, offering inspiration and actionable steps for listeners looking to navigate their own business paths.
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
37min

FAQs about Main Street Business:

How many episodes does Main Street Business have?

The podcast currently has 841 episodes available.

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