#576 How To Set Up A Family Office Without Being Ultra-Rich Main Street Business podcast

Content provided by Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Main Street Business »
#576 How to Set Up a Family Office Without Being Ultra-Rich

2d ago 16:23

MP3•Episode home

In this episode of the Main Street Business Podcast, Mark J. Kohler shows how simple board meetings and a strategic plan can supercharge your finances. He explains how to turn ordinary family gatherings into legitimate, tax-deductible business meetings that strengthen your entity structure. Get inspired to organize your goals, sharpen your decision-making, and create a family office that supports real wealth-building.

Here are some of the highlights:

Mark explains the concept of a family office, emphasizing that it is not limited to billionaires but can be set up by anyone.
The benefits of a family office include tax write-offs, better asset protection, and wealth building.
Mark advises participants to legitimize their LLC or corporation by holding board meetings and documenting the minutes.
The difference between boards of directors for corporations and boards of advisors for LLCs.
Mark introduces his "trifecta" concept, which includes a revocable living trust, 1040 tax return, and various assets and operations.
Encouragement to set up boards for all their entities, even if they only have one or two.
Mark emphasizes the need to update the plan regularly and share it with tax and legal advisors.

Grab my FREE Ultimate Tax Strategy Guide HERE!
Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification.
You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
Looking to connect with a rock star law firm? KKOS is only a click away!
Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
Craving more content? Check out my Instagram!

Chapters

1. Introduction to Main Street Business Podcast (00:00:00)

2. What Is a Family Office? (00:00:52)

3. Four Steps to Build Your Office (00:02:32)

4. Benefits of Board Meetings (00:04:04)

5. The Trifecta Tax Strategy (00:06:40)

6. Board of Directors Implementation (00:09:31)

7. Advanced Master Trifecta Structure (00:12:11)

8. Final Encouragement and Call to Action (00:16:09)

690 episodes

#Taxation #Business #Estate Planning #MBA #Entrepreneur #Mark J Kohler #Mat Sorensen #Mark J Kohler And Mat Sorensen #Tax Strategy #Legal Compliance #Business Structure #Tax Tip #Accounting #Irs Updates #Financial Reporting #Tax Prep #Tax Reform

#576 How to Set Up a Family Office Without Being Ultra-Rich

Main Street Business

105 subscribers

published 2d ago

MP3•Episode home

Here are some of the highlights:

Mark explains the concept of a family office, emphasizing that it is not limited to billionaires but can be set up by anyone.
The benefits of a family office include tax write-offs, better asset protection, and wealth building.
Mark advises participants to legitimize their LLC or corporation by holding board meetings and documenting the minutes.
The difference between boards of directors for corporations and boards of advisors for LLCs.
Mark introduces his "trifecta" concept, which includes a revocable living trust, 1040 tax return, and various assets and operations.
Encouragement to set up boards for all their entities, even if they only have one or two.
Mark emphasizes the need to update the plan regularly and share it with tax and legal advisors.

Grab my FREE Ultimate Tax Strategy Guide HERE!
Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification.
You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
Looking to connect with a rock star law firm? KKOS is only a click away!
Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
Craving more content? Check out my Instagram!