Aug 26, 2021
Summary:
Myself and former attorney Scott Reib get on the podcast today to
discuss how people in the legal sphere clear up misinformation and
minimize risks for various tasks. Ultimately, it comes down to
getting professional, legal advice when you are operating a
business rather than performing an internet search. Each
circumstance is unique, and it is crucial to consult a professional
that can point you in the right direction, and serve as a second
pair of eyes. Tune in today to get indispensable advice from Scott
Reib, who is published and currently offers consultation on this
topic.
Highlights:
-There are so many statements about what people think the law is,
and all too often, they are wrong
-How do attorneys clear up misinformation and calculate/minimize
risks for various endeavors?
-Scott used to have an hourly model that didn’t work quite as
well
-He switched to a subscription model so that clients can call him
whenever rather than resorting to the internet or other
resources
-A lot of people start businesses as proprietors without and LLC,
or create an LLC incorrectly and lack a proper agreement
-Other times, people have very poor contracts with
ambiguous/conflicting language or holes
-People lack to protect their brand, neglecting to trademark or
copyright it—which results in this content getting pirated
-Siri does not necessarily hold the answers to complex legal
questions. Every answer depends upon the particular
circumstance
-There are so many simple things that attorney’s don’t think of,
and it’s helpful to have a second pair of eyes to correct you when
something is wrong. You can’t wear all of the hats.
-Legal advice you get for free is worth exactly what you paid for
it
-Make sure you’re never running multiple businesses out of one
entity, and keep your hard assets in a holding company
-Running with one LLC is good, but it does not protect all of your
assets
-Make sure you have all the insurance you can afford
Useful Links:
Financial Survival Network
Reib
Law
5 Proven Strategies To Shatterproof
Your Business