#597 Smart Strategies to Pay Yourself and Save Thousands

Main Street Business

Main Street Business
#597 Smart Strategies to Pay Yourself and Save Thousands
Oct 17, 2025
Mark J Kohler and Mat Sorensen

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!

You’ll learn:

  • How to decide when it’s time to convert your LLC to an S-Corp — and how the $50K rule really works
  • How to transfer real estate into an LLC without triggering the due-on-sale clause or losing financing options
  • The difference between true business income and passive income (like royalties, rentals, and trading profits)
  • How to pay yourself correctly as a business owner — and avoid IRS red flags with payroll, draws, and distributions
  • Simple bookkeeping and payroll strategies to stay compliant and ready for tax season
  • How to use smart entity structuring to protect your assets and save thousands in self-employment taxes
  • Practical tips for maximizing retirement contributions through Solo 401(k)s and Mega Backdoor Roth strategies

Get a comprehensive tax consultation with one of our Main Street tax lawyers that can build a tax strategy plan with an affordable consultation that will leave you speechless!! 

Here’s the link - https://kkoslawyers.com/services/comprehensive-bus-tax-consult/?utm_source=buzzsprout&utm_medium=description-link&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast

Episode Artwork #597 Smart Strategies to Pay Yourself and Save Thousands 39:38 Episode Artwork #596 How to Set Up, Maintain, and Maximize Your Solo 401(k) 30:25 Episode Artwork #595 Benefits of a Solo 401(k) and How to Qualify 23:25 Episode Artwork #594 Donald Miller on Why Your Brand Message Is Costing You Sales 40:54 Episode Artwork #593 Open Forum: Lessons on Money, Taxes, and Wealth 21:51 Episode Artwork #592 The 10 Biggest LLC Mistakes (And How to Avoid Them!) 26:03 Episode Artwork #591 Benefits of a Privacy Address 26:44 Episode Artwork #590 Be Your Own Landlord: 3 Unique Strategies 33:35 Episode Artwork #589 The SALT Workaround After the One Big Beautiful Bill (OBBB) 30:09 Episode Artwork #588 Tax Strategy Q&A: Mega Backdoor Roth, RV Write-Offs, and LLC Mistakes 41:22 Episode Artwork #587 Trump Signs The Big Beautiful Bill: What This Means for Tax Planning 32:08 Episode Artwork #586 When Should I Register My LLC in a Different State? 29:13 Episode Artwork #585 New Tax Bill Signed Into Law By President Trump - What’s In and What's Out? 23:15 Episode Artwork #584 The Best Real Estate Opportunity in a Decade — Featuring Chris Loeffler from Caliber 56:58 Episode Artwork #583 Strategic Strategies With a Self Directed IRA 26:52 Episode Artwork #582 How Gene Simmons Started as a Small Business Owner and Became #1 21:37 Episode Artwork #581 Breaking News - Senate Tax Bill Text Released 32:56 Episode Artwork #580 The 4 Phases of Business - Don’t Make the Same Mistakes We Did 40:38 Episode Artwork #579 Tax Hacks the Wealthy Use (Attorneys Break it Down) 54:05 Episode Artwork #578 The Complete Guide to Estate Planning 20:29 Episode Artwork #577 Which LLC is Right for Your Business 36:59 Episode Artwork #576 How to Set Up a Family Office Without Being Ultra-Rich 16:23 Episode Artwork #575 How to Turn NIL Deals Into Long-Term Wealth 31:21 Episode Artwork #574 Stock Market Falls - 3 Strategies to Take Advantage and Build Wealth 8:00 Episode Artwork #573 How to Exit Your Business The RIGHT Way w/ Chris Van Dusen 30:15