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Main Street Business

229: The Power of the S Corporation

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 21 January 2019

⏱️ 56 minutes

🧾️ Download transcript

Summary

Join Mark and Mat as they discuss the benefits of the S Corp, when to use it and how to maintain it. If you own an operational business or flip properties, this entity could save you thousands and give you the protection you need. Learn more at www.refreshyourwealth.com. 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 Lo...

Transcript

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0:00.0

Broadcasting worldwide on Internet Radio.

0:07.0

Refreshing takes on legal strategies.

0:10.0

Straightforward answers to difficult tax questions.

0:13.0

Independent ideas on building wealth.

0:15.0

It's the Refresh Your Wealth Show with Mark Kohler and Matt Sorenson.

0:19.0

Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter

0:24.4

with important tax deadlines and articles at refresh your wealth.com.

0:28.7

Now, here's Mark and Matt.

0:49.9

Yeah. Welcome, everyone to the Refresh Your Wealth podcast with Mark Kohler and Matt Sorensen.

0:51.8

So excited to be here.

1:13.7

You don't sound that excited. Can you throw a little more energy into that? That was my, I mean, that's just my natural voice. What do you want? Come on, you've got to give you a radio voice, you know. Oh, you want a little more like up and down. What do they call that? I don't know. Dude, I'm not a pro, okay? All right, I'm just a lawyer. Boring tax lawyer boring tax lawyer running my IRA business now you know half-time podcaster i'm not like i'm kind of like the waiter slash actor okay

1:19.8

i haven't made it yet okay keep don't quit your day job that's what i'm saying

1:26.6

well welcome everybody i love podcasting and i'm happy to be here. Yeah, yeah, it's good. So on that note, if you're a new listener, you might be thinking this is a couple jokesters here, but welcome. This is going to rock. Okay, Matt, go ahead and finish your introduction. Sorry, go ahead and tell everybody with who we are. Sorry. Okay. I mean, dude, we're, we are two cool dudes talking about taxes and legal stuff. But we're both attorneys. Mark's also got the special distinction of being a CPA as well. So I won, you know, give you that.

2:04.0

But the, but here's what we try to do on the show.

2:09.7

We're all about saving taxes, protecting your assets, helping you build wealth, making it more easier to live the American dream and doing it in a real practical way.

2:12.8

We're not here to hype you up or whatever about, you know, making your next business or being the next,

2:19.0

you know, Jeff Bezos, minus the divorce. But we want to give people in the trenches the real

2:26.5

stuff they need to know, trying to decipher the BS and give you a lot of practical strategies

2:30.4

to help you be successful in your journey. Okay, I only want to amend one item in your

2:34.9

introduction, and that is we do want you to make tons of money, and we do have clients that are making tons of money. I just thought the hype about it. I'm just, a lot of people, you know, I'm on social media now. It's like everybody wants to be a, you know, everybody wants to be an entrepreneur. I want to be an entrepreneur. I want to be, you know, whatever. And cool,

2:52.9

cool. I'm, I'm, I'm, I'm, everybody wants to be an entrepreneur. I want to be an entrepreneur. I want to be,

2:50.9

you know, whatever. And cool, cool. I'm, I'm, I'm, I'm, I'm, I'm, I'm just saying, there's already a lot of that out there. Yeah. It's true. Fair enough. We're, we're, we're hardcore, make sense of it. We'll be here tomorrow. We could do consultations. We're a real law firm or real accounting firm. And we want to welcome you. So if you're a small business owner,

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