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Main Street Business

#453 The People's Show - Open Forum

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

🗓️ 26 September 2023

⏱️ 42 minutes

🧾️ Download transcript

Summary

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/ Grab my eBook 30 Unique S...

Transcript

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0:00.0

want to be focused on is I want to pay her everything I'm going to pay her this year before October 31st because I don't have to withhold FICA. You don't want to withhold the F word. You don't want to worry about Social Security and Medicare, sue to food, all that crap. They slip and fall, something happens, whatever. They're forced to sue the LLC. They can't sue you. They can't sue your other partners. They're forced to sue the LLC. It's the

0:21.6

corporate Vell, which protects the owners from the liabilities of the business. People, we will

0:27.1

lay this out on a silver platter for you. We will line you up with the directed IRA to open up your

0:31.6

Roth and do your rollover and do the whole thing. Don't try to now take this little advice here

0:36.0

on this podcast and knock it out on your own on Google. Welcome everybody to another episode of the Main Street Business Podcast. My name is Mark Kohler here with the infamous Matt Sorensen excited to have our open forum show, the People's Show. Yes, the People's Show. It doesn't matter what Mark and Matt want to talk about. Sometimes they talk about dumb stuff. I know what you're thinking. But you'd ask your questions in the Open Forum podcast. And we're going to give

0:57.3

answers. They're free. And they might be worth that. We do our best here. But thank you for listening.

1:03.5

We love the American dream. We love small business, Main Street, America. And it's so hard to get

1:08.3

clarity. And frankly, frankly, you can get on Google and find the answer you want.

1:13.0

And that's kind of dangerous.

1:14.5

We're going to give you the answer you need the right answer.

1:17.9

Yes.

1:18.7

And if we don't know the answer, we're going to tell you.

1:21.7

So we really do want to be your source for legitimate content on this topic.

1:27.3

We have a law firm, an accounting firm,

1:29.3

a trust company, self-directing over a billion dollars now of IRA account. Well, we're letting

1:34.6

people self-direct their accounts and that account value. It's just been an incredible response.

1:40.7

People want to take control of their future, their retirement, their money, their taxes,

1:45.8

and people are starving for it. So we're grateful to you found us as your source. And

1:50.8

let's get into it. You got the first question for us, I guess. Let's dig into it. All right, cool.

1:55.3

This, I'm going to go, now remember, you go to Masture Business Podcast.com and go into asset protection,

2:03.8

piercing the corporate veil by Lynette.

2:08.3

Okay, Lenet asked question, says, can you explain piercing the corporate veil?

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