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 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
August 29, 2023#449 Recession Proof Your Small Business
In this enlightening episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen explore strategies for recession-proofing small businesses. They discuss the importance of financial reviews, debt management, and identifying new revenue sources, among other things.
The emotional and intellectual challenges of recession-proofing a business.
Predicting business reshuffling in a recession and the survival of the fittest theory.
The significance of serving clients effectively during tough times.
The potential of buying out struggling competitors to grow market share.
The importance of conducting a thorough financial review and creating a comprehensive balance sheet and income statement.
Need for a comprehensive legal review, including examining business structures, leases, and relationships with partners, suppliers, and clients.
The critical role of managing debt, particularly high-interest debts like credit cards.
Necessity of increasing efficiency and reassessing pricing and possibly offering more value to customers without changing prices.
Significance of maintaining at least three months of cash reserves, selling unnecessary items, and getting lean to weather potential financial storms.
The potential of identifying new revenue sources, particularly low-hanging fruit, to contribute to business growth.
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
25min
August 18, 2023 #448 How to Crush Your Competition w/ Coach Micheal Burt
In this powerful episode of the Main Street Business podcast, host Mark J Kohler sits down with former Coach Micheal Burt, to discuss how he went from dominating as a basketball coach to crushing his competition in business.

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/

For more opportunities to learn from Coach Micheal Burt, follow the link below to his website and stay connected: https://coachburt.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
35min
August 15, 2023 #447 Strategies for Erasing Credit Card Debt in 2023
In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen shed light on a pressing issue that many Americans face: the staggering $1 trillion credit card debt.

Delving into the nuances of financial disparities, they discuss how the rich are gaining steam with their savings, while the poor might be sinking deeper into debt.

They also challenge Dave Ramsey's advice of cutting up credit cards, emphasizing its potential impact on credit health and business expansion.

However, it's not all gloom and doom. Kohler and Sorensen also discuss the allure of credit card perks and how they are strategically employed by companies...

Join us on the Main Street Business Podcast as we uncover the realities of credit and pave a path toward a brighter financial future.

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/

Get your FREE Debt Snowball Spreadsheet Here: https://www.markjkohler.com/debt-snowball/
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
August 10, 2023#446 The Secrets To Investing Passively in ANY Market w/ Devon Kennard
In this powerful episode of the Main Street Business podcast, host Mark J Kohler sits down with former NFL player, Devon Kennard, to discuss his transition from professional football to becoming an entrepreneurial figure in Main Street America.
Former NFL player, Devon Kennard, shares his journey into the world of real estate investment while maintaining a professional sports career.
Devon elaborates on the significance of financial literacy and how it played a crucial role in his success both on and off the football field.
Mark J Kohler and Devon discuss the concept of "flipping the bag," which involves wisely investing and multiplying your assets, regardless of the initial quantity.
Devon presents his strategy for generating passive income, highlighting the importance of having a core team of a broker, a property manager, a lender, and a contractor.
He details his first real estate investment in Beach Grove, Indiana, emphasizing the value of starting small and learning from each step.
Devon expresses his preference for investing in smaller, turnkey properties before progressing to larger, value-add deals.
He shares his future plans to bootstrap his portfolio, aiming to solely own his properties instead of moving into larger syndicated deals.
Mark and Devon explore the potential of the Phoenix market for short-term and midterm rentals, with Devon revealing his own experiences and strategies in this area.
Devon discusses his book, "It All Adds Up," which encapsulates his experiences and aims to guide others on their financial journey.
He underlines the importance of making small, consistent decisions that compound over time, leading to significant personal and financial growth.
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/

For more opportunities to learn from Devon Kennard, follow the link below to his website and stay connected: https://www.devonkennard.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
28min
August 08, 2023 #445 How to Get the Most Out of Your Trust: Open Forum
In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen tackle a wide range of topics that are crucial for small business owners and entrepreneurs.
Throughout this engaging open forum show, Mark and Mat discuss various areas of interest. They dive into the importance of learning from others' experiences, the significance of correctly allocating purchase price in a business, and the nuances of partnership structures. They also touch on the complexities of opportunity zones, tax strategies, and the intricacies of 1031 exchanges.

With their wealth of knowledge and expertise, Mat and Mark offer practical solutions and teachable moments, ensuring listeners gain valuable takeaways. They provide clarity on topics such as business formation, asset protection, tax implications, and the benefits of real estate syndication.

Whether you're a seasoned entrepreneur seeking fresh insights or a budding business owner looking for guidance, this episode has something for everyone. Gain a deeper understanding of small business challenges and learn how to navigate them effectively.
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
59min

FAQs about Main Street Business:

How many episodes does Main Street Business have?

The podcast currently has 841 episodes available.

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