The Tax and Legal Playbook: Game-Changing Solutions to Your Small Business Questions, 2nd Edition

Mark Kohler's book, "The Tax and Legal Playbook" provides practical legal and tax strategies for small business owners and entrepreneurs. Now in its second edition, it tackles the most common questions facing small businesses related to entity structuring, payroll, healthcare, contracts, intellectual property, retirement plans, tax deductions, exit strategies, and asset protection.

The book is structured as a series of questions that Kohler regularly receives from small business owners in his law and accounting practices. For each question, he provides real-world case studies as examples then gives his recommendation on the best solution or strategy to handle the issue, explaining his rationale. Common questions answered include whether to structure your business as an LLC vs S-Corp vs C-Corp, what retirement plan is best for your small business, how to compensate yourself as an owner while minimizing taxes, how to legally avoid employee vs independent contractor issues, tips for buying or selling a small business, reducing risks through insurance and legal entities, growth strategies like franchising and expanding internationally, and estate planning concerns for business owners.

While the first half of the book focuses mainly on tax planning and strategies, the second half shifts to legal questions around intellectual property, contracts, crowdfunding, human resources issues, lawsuits, debt collection, leases, and protecting your personal assets. Helpful checklists and worksheets are included throughout so you can directly apply Kohler's recommendations to your own business situation.

The tone is casual and conversational as Kohler answers over 100 of these small business questions. His solutions aim to maximize legal protections and tax benefits for entrepreneurs and small business owners at various stages of development. Whether just starting out, looking to scale and grow, or planning your business exit, you're likely to find useful game-changing ideas that yield significant savings and peace of mind. With concrete strategies backed by real-world examples and experience, The Tax and Legal Playbook serves as an approachable action plan for legally shielding and boosting your small business.

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