#517 How The Rich Use S-CORPS To Explode Their Wealth
Main Street Business
Mark J Kohler and Mat Sorensen
4.8 • 584 Ratings
🗓️ 8 August 2024
⏱️ 17 minutes
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| 0:00.0 | Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen. |
| 0:05.5 | Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations, |
| 0:12.3 | making them the leading tax and legal experts in the nation. |
| 0:16.2 | Together, they'll unpack the most complex tax, legal, and financial strategies, |
| 0:20.6 | crucial for saving more, |
| 0:22.2 | stressing less, and building generational wealth. Today, they're your personal advisors. |
| 0:28.2 | Ready to break it down for you and make the tax and legal game easier than ever. Here is Mark and Matt. |
| 0:37.1 | Welcome back, everybody. |
| 0:38.4 | Today I'm going to break down how you can use an S corporation to skyrocket your |
| 0:42.2 | wealth past $100,000 or more. |
| 0:44.4 | Now, I'm a registered CPA attorney, bestselling author, and own multiple companies in |
| 0:49.0 | the tax and legal industry. |
| 0:50.4 | And I kid you not, we help thousands of clients around the country every year squeeze far more at profit out of their company because of the S corporation strategy. |
| 1:00.0 | Unfortunately, too many people either misuse the S corporation or don't understand the full range of investment opportunities and strategies that they can take advantage of with the S corporation. |
| 1:10.0 | Well, today we're going to solve this. |
| 1:11.6 | I'm going to walk you through three ways or reasons why the S-Corporation should be a part of your |
| 1:16.9 | business structure. Now, let's dive into it. What is an S-Corporation? An S-corporation is |
| 1:24.6 | simply a way of doing business. So many people understand the LLC or limited |
| 1:28.9 | liability company. Well, you can take an LLC and tax it as an S corporation. You can have an ink or a corporation |
| 1:35.7 | taxed as an S corporation. It's a way of doing business. Now, the way I've been explaining this for years, |
| 1:40.8 | and it just makes so much sense. A pitcher says a thousand words. |
| 1:49.3 | Let's look at the trifecta. This is a way I've used to explain a business owner's overall operations to build wealth and bring it all together. On the left, we want to put operations. |
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