58: How to Create a Successful Partnership

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

2.4 • 584 Ratings

🗓️ 28 August 2015

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Partners can be the best thing that ever happened to your business, or the worst if entered into improperly. Thus, don’t be afraid of a ‘partnership’, but just be committed to documenting it properly and considering all of the issues. The Partnership Agreement and setting up the proper entity/structure for the partnership is the single most important step in the partnership process, maybe even more important than analyzing the merits of the project within the partnership itself. You could hav...

Transcript

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0:00.0	Broadcasting worldwide.
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.
0:16.0	It's the Refresh Your Wealth show with Mark Kohler and Matt Sorensen.
0:20.0	Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter with important tax deadlines and articles at refresh your wealth.com.
0:29.0	Now, here's Mark and Matt.
0:32.6	Welcome everyone to The Refresh Your Wealth Show with Mark Kohler and Matt Sorenson.
0:36.9	Excited to be with you today. The Refresh Your Wealth Show with Mark Kohler and Matt Sorensen. Excited to be with you today.
0:39.3	The Refresh Your Welt Show was a show about saving taxes, growing your business, protecting
0:44.3	your assets.
0:45.9	We also like to have fun along the way.
0:47.9	Maybe pop some jokes.
0:49.2	We're both two lawyers here.
0:50.5	So, you know, we have to try extra hard to entertain you. Sometimes our jokes work. Sometimes
0:56.4	they flop. There's a lot of ways you can listen to us in addition to being nationally syndicated on
1:02.1	AM radio. You can find us via the BizTalk Radio app, biztalkradio.com, and also in iTunes under the
1:10.4	Refresh Your Wealth podcast podcast. Now I am joined as
1:14.1	always with my amazing partner and co-host. He's an attorney. He's a CPA. He's a best-selling
1:20.6	author. He's a surfer, a scoutmaster. And ladies, he is not single. I just want I don't want to, I'm breaking hearts already,
1:30.3	but Mark, excited to be with you today and excited for the topic too.
1:35.5	Well, I don't know if you're breaking in hearts, but I appreciate that amazing introduction.
	...

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