MAKE AN APPOINTMENT TODAY! https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
Are you structuring your business the right way — or making costly mistakes that could be draining your profits? In this episode of the Main Street Business Podcast, Mat Sorensen and Mark J. Kohler team up to answer your questions on taxes, legal structures, and real-world strategies for small business success. Together, they uncover the truth about LLCs, S-Corps, and the $50K rule that determines when to make the switch.
From transferring real estate into an LLC safely to understanding what truly qualifies as business income, this discussion covers the practical steps every entrepreneur should take to protect their assets, reduce taxes, and stay compliant. You’ll also learn how to pay yourself properly, avoid due-on-sale issues, and maximize wealth through smart entity planning.
If you’re serious about building your business the right way and keeping more of what you earn, this is an episode you can’t afford to miss!
CHAPTERS:
0:00 Teaser
1:06 Reporting Your S Corp’s Business Acquisition the Right Way
5:10 Can You Put a Mortgaged Home Into an LLC Safely?
9:45 Do Mineral Rights Count as a Business?
12:00 Why the $50K Rule Matters for Switching to an S Corp
14:26 Trading Through an LLC: Smart Move or Tax Headache?
19:59 LLC to S Corp: Timing, Taxes, and Year-End Must-Dos
26:08 How to Maximize Deductions on Your Vacation Rental
29:50 How Much Can a Married Couple Really Defer in Retirement?
33:47 Avoid These Mistakes in Self-Directed IRA Partnerships
38:19 Outro
Resources:
Interview a Main Street Tax Pro that Speaks like Mark: https://taxadvisornetwork.markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
Meet with a Real Lawyer on Zoom: https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
Self-Direct Your IRA or 401k- Buy a Business or Real Estate with Your Retirement Account (Directed IRA): https://directedira.com/appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
Keep Your LLC or Corp in good standing and Hide Your Address (Main Street Business Services): https://mainstreetbusiness.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
Become a Certified Tax Advisor in Mark’s Program – https://mainstreetpros.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
Connect:
Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
LinkedIn: https://www.linkedin.com/in/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
Facebook: https://www.facebook.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
Instagram: https://www.instagram.com/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
X: https://x.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
TikTok: https://www.tiktok.com/@markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_term=&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast
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