MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

The Slippery Slope of Self Loaning

22 Mar 2023 · 0 min

Watch on YouTube

0:24

In this brief video, Mark Kohler warns business owners against the practice of loaning money to themselves through a C‑corporation structure, especially the Nevada C‑corp loan strategy marketed by some advisors. He labels the approach a scam and a "ticking time bomb," emphasizing that it offers no real benefit and can create serious tax and legal problems. Kohler notes that he has authored books on the subject, that many advisors are trained by him on proper payroll attribution, and he urges viewers to seek counsel from a qualified advisor rather than pursue the loan strategy.

You do not do a freaking loan. People in your businesses, you never loan yourself money. That's a C corp structure for the scam artists to sell you when they try to get you into a C corp in Nevada. Don't go there. Don't listen. I've written books on it. It's a scam. It's worthless. Stay away from the C corp and the loan strategy. It's a ticking time bomb. Get with an advisor. They are all trained by me on how to attribute some payroll for last year. You're good.