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Audible Audiobook
Listening Length: 7 hours and 47 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Mark J. Kohler, CPA, JD, PC
Audible.com Release Date: June 23, 2016
Language: English, English
ASIN: B01HFKRQY0
Amazon Best Sellers Rank:
This book is good, but not great. It has the potential to be great, but needs a little more depth. For example, the book has a section on employing family. It even positions this as one of the most important and advantageous strategies. I think this section is about 5 pages and doesn't talk at all about the spouse, only kids. There is sooooo much more to talk about that isn't covered. Sandy Botkin's book is a lot more mature when it comes to tax strategies.This book is strong in general legal guidance which is important. Thus, if you want to do this right, you're going to have to read 3 books: This one, Botkin's book, and Nolo's books about small business taxes (example: Deduct It).Overall, this is a good book and should be required reading. Its a little shallow in places, but still important.
Awesome book for every entrepreneur at least, even more if you are not familiar with USA legislation, will walk you through several scenarios and could potentially save you thousands of dollars just by doing things the right way, plus saving you a lot of trouble, I also got a 1 hour consultation with the author, which was very helpful as well. 100% recommended
The book teaches you a lot about running your own business without leaving it in the hands of an accountant or attorney. Of course you need those two experts and more but there are things in this book and other books from Mark that not even my accountant told me about. Its definitely an eye opener for new business owners but especially for seasoned owners like myself.
I used to feel fearful and intimidated by this type of information, until I came across Mark Kohler. He explains tax and legal strategies in a way that is not only instructive, but also entertaining. I mean, isn't this stuff supposed to be boring? The fact is, taxes are one of the largest expenses we will ever have, and asset protection is becoming more and more critical in today's legal environment. Thank you, Mark Kohler for showing me that it's not only how much you make, but how much you keep. I not only highly recommend this book, but I also b ought 20 copies because I believe everyone MUST read it.
The Tax and Legal Playbook is well laid out, and thorough. I wouldn't recommend skipping any chapters even if you think you have a firm grasp on each chapter's content.I enjoyed Mark's style of introducing concepts and expanding on them in detail as the book progresses. Whether you're just starting out in a business venture, or have several years under your belt, you can pick this book up and find several strategies that can help you.
A very well written book that covers the basics of legal and tax issues for investors and small business owners. It raised my attention to many details I was not aware of. You definitely should read it before going to your lawyer or tax accountant in order to make better use of your time and money with such professional.
Learned a lot. Very good advice and spoke to him in person - very knowledgeable about his subject matter and will be working with him to setup our company. Founder/CEO 1karaat.com
I saw Mark speak twice to two different San Diego investment clubs in the past 8 months or so. The first time was so good I went out of my way to see him a second time at a club that I normally don't attend. He somehow manages to make talking about accounting and tax issues fun and funny, probably because he is comfortable in his own skin, cracks a lot of jokes, and embraces his own inner dorkiness if you will. :) I read his first two books and gleaned quite a bit from them, when I saw that this third books was available, I bought the kindle version the first day and read the brunt of it over a weekend.I think this is his best book to date. He has the ability to take what can be complex subjects and boil them down to the nuts & bolts to get you started. I think many people who get into real estate or start a small business spend so much time thinking about their product, they neglect to look at the tax and legal consequences of various strategies or of, worse, not really having a strategy. In today's litigious environment, it would be insane to do business without the proper protections in place, and Mark does a very good job of explaining the pros and cons of various legal entities and which entities are best suited to which types of businesses.There is a saying by one of the original real estate speakers that if you think education is expensive, just try ignorance. In this case, the $9.99 kindle version price is absurdly cheap for the education he imparts, many of the tips in the book could save you thousands of dollars or even avoid you getting ruined in a lawsuit.I highly recommend this book, especially for those getting started in their own business/real estate who haven't established any asset protection plan. Great stuff!
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