358: I'm in a Partnership - What to Know
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 15 October 2021
⏱️ 38 minutes
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| 0:00.0 | Welcome, everyone to the Main Street Business Podcast with Mark Kohler and Matt Sornson. |
| 0:11.2 | We're just delighted to be with you today with another amazing topic, which Mark would like to introduce. |
| 0:18.0 | Yeah. |
| 0:18.6 | The topic is today. |
| 0:20.3 | Some of you may have just fallen upon us and we'll introduce why we're kind of making jokes |
| 0:25.6 | and a little dorky here in a moment. |
| 0:27.1 | But our topic is I'm in a partnership. |
| 0:29.9 | And the reason why I wanted to introduce this topic was last two weeks, I've been on the |
| 0:34.7 | road doing my two day workshop workshop and wonderful, uh, |
| 0:38.9 | experiences, meeting people in Dallas and then in Chicago, uh, so many small business |
| 0:44.3 | owners out there, just anxious to talk about their tax planning, their structure and building |
| 0:50.0 | their business. We had a little of everything. Their tenure plans, their board of director meetings, |
| 0:54.7 | their tax writeoffs that are the most valuable. It was, and Orange County is sold out right now, |
| 1:00.3 | unless we get a new venue. Hawaii, we're waiting to hear on COVID rules for groups. Anyway, |
| 1:08.2 | it was really a great experience. And I said to Matt, do you know what? And he didn't |
| 1:12.9 | know. This was interesting. I didn't expect this either. The number one topic that I think got the most |
| 1:18.5 | hands up in the air and, hey, could you explain this more and in the back of the room at break |
| 1:23.5 | was, what do I do? How do I structure this? Do we do an escort? Do we not? What do I need? Can I do a |
| 1:31.8 | JV? Can I, you know, where can I cut corners to save money? Common question. And where should I not |
| 1:37.5 | cut corners? And then I did an attorney training meeting with our associates. I had all of them |
| 1:43.6 | captive on Monday for a full day. So I went |
| 1:46.0 | from training our clients to training our attorneys, which was a great experience to let them know |
... |
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