Great information on how to structure your business for success. The tax and entity structuring points are spot on. I am grateful to be part of Mark's tax training program!
My head is spinning with a wealth of valuable ideas you share Mark. Love ❤️ your fierce THROW DOWNS throughout. Makes it interesting, plus your passion is infectious! Thank you so much. I'm over 60 in "catch-up" mode, starting a new job so I'm contemplating the best strategy to rollover my previous 401k using a Roth Ira Conversion or Self Directed Roth first and foremost. Second, I am currently set up with an llc but am not in a financial position to add an SCorp but anticipate that I will by Fall. I intend to maximize pouring most off my 1040 earnings into retirement earning investments but also want to structure myself to minimize capital gains. Does your book cover the solutions to all of the above? Again thank you. I have already sent your link to a friend with a 2y.o. business who could use your services, and I'll share your professional services with many more of my orbit.
Can you provide advice on holding company as parent of all the llcs (domestic and international) and s-corp benefits if any compated with your proposed structure without it?
I'm hitting the maximum taxable earnings for social security through my W-2 "main job", does it make sense to take an S Corp election for my sole prop business? I work as a consultant and have no employees and low expenses. The side income is about the same as the W-2 income, which already maxed the SS. The only benefit I might get is saving the additional taxes on medicare, right? Is it worth all the extra bookkeeping for S Corp? It's looking like this year might see the same income (or more) for the side hustle. I also plan to hit max taxable earnings for social security through my W-2 again. Thanks for all the info guys!
They all have different specialties. An FA will know more about how to invest your money, the Attorney knows more about how to protect your money and the CPA about how to pay less taxes. Although from my experience the CPA is better to deal with than an Attorney and they usually know about both taxes & asset protection
New to site, how do I get in touch with Mark's team ?? Thank you and I'm a believer, need your services, , 73 years old , selling property , want the most effective tax leverage for the time I have left !! Looking for confidence and Trust !!!,
We have 4 different office locations, but our attorneys help people nationwide! Please email my assistant Kirbi at kirbi@markjkohler.com and she can make sure you get put in the right direction and help you get set up. Thanks!
Hey Mark I have been following you for a while, thanks for the information, because of the information I received from you changing my CPA. She doesn't appear to be informative. I am in California. I am going to check your company out.
I have my business in a part of my house. Separate entrance, separate utilities. I have not been renting to myself. I have been deducting expenses (a percentage of the house). Is it ok to change this scenario to renting to myself now?
Love you buddy, but you might be careful what you say 2023...84,000 new IRS agents trying hard, I foresee audits coming much more, don't you? Really? ;)
I just found you -you were just what I was looking for.
a coach...an uber driver...a website designer...im listening!
You guys are a great team 😊
This is exactly why I subscribed . Keep up the good content. Thanks and stay blessed!
Great information on how to structure your business for success. The tax and entity structuring points are spot on. I am grateful to be part of Mark's tax training program!
MARK J KOHLER IS A LEGEND
this is awesome..the main challenge is always what to do with the money to protect my assets...and not waste it on buying bs...
Awesome videos with great communication
Love the advice on Realtor & S-Corp set up. That has been my big hurdle... Thanks.
Great information, I always learn something new.
Thank you for the info!!!❤
great info love this!
Many LLC owners are not currently doing their bookkeeping, so I often add in the cost when doing my estimates.
This Duo, right here.
this was great 🙌
Oh thank you
My head is spinning with a wealth of valuable ideas you share Mark. Love ❤️ your fierce THROW DOWNS throughout. Makes it interesting, plus your passion is infectious! Thank you so much. I'm over 60 in "catch-up" mode, starting a new job so I'm contemplating the best strategy to rollover my previous 401k using a Roth Ira Conversion or Self Directed Roth first and foremost. Second, I am currently set up with an llc but am not in a financial position to add an SCorp but anticipate that I will by Fall. I intend to maximize pouring most off my 1040 earnings into retirement earning investments but also want to structure myself to minimize capital gains. Does your book cover the solutions to all of the above? Again thank you. I have already sent your link to a friend with a 2y.o. business who could use your services, and I'll share your professional services with many more of my orbit.
Hello from Orlando Florida
I’m digging marks look sort of a Pat Riley showtime LA Lakers vibe I’m getting.
Can you guys talk about when real estate is put under a c corporation and the tax implications when transferring, selling, etc?
Can you provide advice on holding company as parent of all the llcs (domestic and international) and s-corp benefits if any compated with your proposed structure without it?
I'm hitting the maximum taxable earnings for social security through my W-2 "main job", does it make sense to take an S Corp election for my sole prop business? I work as a consultant and have no employees and low expenses. The side income is about the same as the W-2 income, which already maxed the SS. The only benefit I might get is saving the additional taxes on medicare, right? Is it worth all the extra bookkeeping for S Corp? It's looking like this year might see the same income (or more) for the side hustle. I also plan to hit max taxable earnings for social security through my W-2 again. Thanks for all the info guys!
Yea, it is worth doing an S-Corp if you’re talking about $132,000/yr, which I think is what it takes to max out Social Security.
Single member vs Multi member when Solo K is purchasing land to build for investment. What are the pros/cons of each? can you respond and do a video?
Interesting Topic. If I have $200K of assets, is it worth protecting it in an LLC or revocable trust
Wayne, to get your question answered, please submit it to podcast.mainstreetbusiness.com/ thank you!
I have three LLC's under my parent Wyoming LLC. Should all revenue go into the parent LLC or stay in sibling LLC's
All FL LLC's
All are rentals
Who has the best knowledge, a financial advisor, a lawyer or a CPA? Are you guys all three?
They all have different specialties. An FA will know more about how to invest your money, the Attorney knows more about how to protect your money and the CPA about how to pay less taxes. Although from my experience the CPA is better to deal with than an Attorney and they usually know about both taxes & asset protection
New to site, how do I get in touch with Mark's team ?? Thank you and I'm a believer, need your services, , 73 years old , selling property , want the most effective tax leverage for the time I have left !! Looking for confidence and Trust !!!,
Please get connected at markjkohler.com/ - thanks!
Do you have attorneys in Chicago? I need your services for Tax planning, filing taxes , estate planning and setting up my Checkbook IRA
We have 4 different office locations, but our attorneys help people nationwide! Please email my assistant Kirbi at kirbi@markjkohler.com and she can make sure you get put in the right direction and help you get set up. Thanks!
Hey Mark I have been following you for a while, thanks for the information, because of the information I received from you changing my CPA. She doesn't appear to be informative. I am in California. I am going to check your company out.
What are the implications for an S corp that’s operating in a state with franchise excise tax? Is it still tax advantaged to form an s corp? Thanks
Rachel, to get your question answered, please submit it to podcast.mainstreetbusiness.com/ - thank you!
I live in Florida, I have rental property in Puerto Rico. Does this Trifecta work?
yes it will work. you should get a consult from the firm. it sounds like it would help you.
I have my business in a part of my house. Separate entrance, separate utilities. I have not been renting to myself. I have been deducting expenses (a percentage of the house). Is it ok to change this scenario to renting to myself now?
To get your question answered, please submit it to podcast.mainstreetbusiness.com/ - thank you!
Need your assistance in Arizona, need contact info,
markjkohler.com/
These are the videos everyone is not watching.
Love you buddy, but you might be careful what you say 2023...84,000 new IRS agents trying hard, I foresee audits coming much more, don't you? Really? ;)
I understand the 87K agents were to be hired over a 10 year span of time because they do not have anyone there to do the work.
"Unsucessful" thumbnail title spelling
If you're a truck driver, can you right off lot lizards and speeder pills ?