How The Rich Use S-CORPS To Explode Their Wealth

Video Description

How to Use an S Corporation to Build Wealth and Pay Less in Taxes Thinking about setting up an S Corporation? Already have one, but not sure if you’re doing it right? In this video, CPA, attorney, and best-selling author Mark J. Kohler breaks down three powerful S Corp strategies that can save you thousands in taxes and help you build long-term wealth. You’ll learn: • What an S Corporation actually is (and how to convert your LLC) • How to reduce self-employment tax legally with reasonable compensation • How to use your S Corp to fund a Solo 401(k) • How to involve your family as a board of directors for tax-advantaged planning • Why an S Corp reduces your chance of an IRS audit by over 1,500% This is one of the most popular videos on the channel—and for good reason. Whether you’re a solopreneur, consultant, or small business owner, these insights can change your financial future. Subscribe for weekly tax, legal, and wealth-building strategies tailored for Main Street business owners. Want help setting up your S Corp? Book a consultation: https://kkoslawyers.com/services/s-corporation/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=rich-use-s-corps-explode-wealth&utm_campaign=youtube-scripted-longform Are you thinking about Tax Advisory?...Book a FREE discovery call today to explore how the Main Street Tax Pro certification can work for you: https://mainstreetpros.com/lp/book-a-discovery-call/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=rich-use-s-corps-explode-wealth&utm_campaign=youtube-scripted-longform Join me at this year's Main Street 360 Event - https://mainstreetpros.com/main-street-360/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=rich-use-s-corps-explode-wealth&utm_campaign=youtube-scripted-longform Free Resources: Ebook & Newsletter: https://markjkohler.com/youtube/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=rich-use-s-corps-explode-wealth&utm_campaign=youtube-scripted-longform Blog: https://markjkohler.com/blog/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=rich-use-s-corps-explode-wealth&utm_campaign=youtube-scripted-longform Podcast: https://mainstreetbusinesspodcast.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=rich-use-s-corps-explode-wealth&utm_campaign=youtube-scripted-longform Find A Tax Pro: https://taxadvisornetwork.markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=rich-use-s-corps-explode-wealth&utm_campaign=youtube-scripted-longform Services: Call the Main Street Tax Pro Team: (520) 800-0986 KKOS Lawyers (My Law firm): https://kkoslawyers.com/contact-us/ Directed IRA (My Trust Company): https://directedira.com/appointment/ Main Street Business Services: https://mainstreetbusiness.com/ Connect: Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=rich-use-s-corps-explode-wealth&utm_campaign=youtube-scripted-longform LinkedIn: https://www.linkedin.com/in/markjkohler Facebook: https://www.facebook.com/markkohler/ Instagram: https://www.instagram.com/markjkohler/ X: https://twitter.com/markkohler TikTok: https://www.tiktok.com/@markjkohler If you liked the video, please give it a "Thumbs up!" and subscribe to see more! 00:00 - Introduction to S Corporations 02:00 - Business Structure Explanation 04:09 - Strategy 1: Salary and FICA Savings 08:01 - Strategy 2: Solo 401K Contributions 11:19 - Strategy 3: Building a Board of Directors 14:23 - Conclusion and Next Steps #Taxes #avoidtaxes #paylesstaxes #wealth #tax #realestateinvestment #Markjkohler #KKOSLawyers #markjkohlerLIVE #Entrepreneur #rentalrealestate #taxplanning #smallbusiness #taxlaw