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Want to legally slash self-employment tax and build long-term wealth? In this video, Mark J. Kohler breaks down how to use an S Corporation the right way—without common mistakes that cost entrepreneurs thousands! You’ll learn the exact salary/distribution framework, when an S Corp starts to make sense, and how to stack retirement and deduction strategies for maximum impact.
We cover three core plays the wealthy use consistently: 1) reduce self-employment tax by splitting income between reasonable salary and distributions, with a realistic example and audit-safe guidance; 2) supercharge retirement using a Solo 401(k) with employee deferrals and employer match — often totaling well over $70,000; and 3) formalize a board (your “family office”) and document meetings and accountable plan provisions to unlock legitimate travel, meals, and tech write-offs while strengthening the corporate veil. If you’re a small business owner or LLC owner considering the S election, this is your blueprint!
If you found this helpful, subscribe for more tax and legal strategies from Mark J. Kohler, like the video, and drop your questions in the comments!
CHAPTERS:
0:00 Intro
0:54 What is an S Corporation, Really?
2:08 Strategy #1: Save Big on Self-Employment Taxes
4:47 Strategy #2: Use Your S Corp to Fund a Solo 401(k)
7:10 Strategy #3: Build a Board of Directors and Unlock Deductions
9:04 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_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
Meet with a Real Lawyer on Zoom: https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
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_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
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_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
Become a Certified Tax Advisor in Mark’s Program – https://mainstreetpros.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
Connect:
Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
LinkedIn: https://www.linkedin.com/in/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
Facebook: https://www.facebook.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
Instagram: https://www.instagram.com/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=how-the-rich-use-s-corps
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