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Main Street Business

#394 Asset Protection Level 2 - LLCs & More

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

🗓️ 11 August 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

In this weeks episode of the Main Street Business Podcast, Mark and Mat break down the basics of level 2 asset protection. This is the second episode in a three part series, covering levels 1-3 in asset protection. Level 2 is full of valuable nuggets! This is a huge topic. These are essential basics that everyone building wealth should know and understand. To learn more or submit a question for our next Open Forum show, visit: https://mainstreetbusiness.com/ Grab my eBook 30 Unique Strategi...

Transcript

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0:00.0

Welcome everyone to the Main Street Business Podcast with Mark Kohler and Matt Sorensen.

0:16.5

We are here for episode two, the asset protection series episode two yeah level two next level two

0:26.3

option two i mean all these good acronyms season one episode two i was trying to keep you know

0:32.6

yeah something people are binge binge listening to this podcast i i think level two is a good way of describing this too as well because it's going to,

0:42.7

we're going to get a little more advanced.

0:44.4

And so I think many of you will find this exciting and interesting as we go next level.

0:51.4

So let me give you just, here's the topic as well. By the way, you know what,

0:55.0

we need to stop and just say this. Hopefully many of you are noticing some improvement in the

1:00.6

audio and video quality here. We're really excited about James Gabriel, our new tech. He's just

1:05.9

really bringing it together. Love him. So we're excited. So hopefully some of you are benefiting from this as well.

1:13.6

We certainly are.

1:14.7

So thanks for your patience,

1:16.7

everybody over the last few podcasts as we worked out some kinks.

1:19.3

So we're trying to do next level there too.

1:24.4

Okay.

1:24.6

So here's what we're going to cover today.

1:26.2

We want to talk about how to protect

1:29.2

you and your assets from your business operations. So if you have rental properties, a side hustle,

1:36.5

a full-time operation, no employees with employees, multiple businesses, whatever,

1:41.9

how do you protect yourself and your home and your wealth that you might

1:47.7

be building in investment accounts, crypto accounts, other assets and businesses from even other

1:56.3

businesses? So that's kind of the big topic. Level one, if you haven't listened to it yet, please go back,

...

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