In 2021, a Bill called the Corporate Transparency Act was passed that requires certain business and owner information reporting. This episode discusses some of the requirements, time frames, deadlines, and consequences of the beneficial ownership reporting. There are also a few developments that will come through the pipeline that people need to consider with other reporting requirements. Additional information can be found on fincen.gov

Jacob Godar has built an incredible landscaping business that has grown significantly over the last 4 years. So much so that he has expanded into different states and increased his business opportunities by adding a dealership in his Illinois-based business. During our conversation, we discuss how important his financial relationship has been in the growth and success he has experienced. We talk about his relationship with taxes and how in business, he has discovered ways to decrease his tax expense and keep more of his money working and growing for him, rather than giving it to Uncle Sam!

Guest Bio:

I am Jacob Godar, CEO of Scooter's Lawn Care, Inc. My lawn and landscaping company started as a part-time venture in 2014, and now we are an award-winning, multi-state company with locations in Springfield, Illinois, and Cape Coral, Florida. Outside of my role as a CEO, I invest in real estate and coach other industry professionals in scaling their businesses to seven-figures. Last but certainly not least, I am a husband and father of three small children.

Social Media Links:

Instagram - @jacobgodar

LinkedIn - https://www.linkedin.com/in/jacob-godar-b25938157/

Youtube - https://www.youtube.com/c/jacobgodar

Facebook - https://www.facebook.com/jacob.godar.5/

Contact Info:

www.jacobgodar.com

[email protected]

Kevin and Brady discuss retirement planning and qualified plans. These types of investments might not one of the highest priority option for some, but the conversation is important as retirement accounts are an easy way to keep money within your financial sphere, as well as get some tax benefits.

Guest Bio:

I started in the financial services industry in 2008, amidst the Great Recession. It was both a fascinating and heartbreaking time to start in this business. I've spoken to countless families who's retirement plans were delayed years because of it, and this had a significant impact on my career path. I obtained my CFP designation at Georgetown University in 2011. The head professor of the program made a profound statement to me (us); "You can't do this business the right way if you make a living selling products for commissions." From that moment it clicked, I needed to cut out the conflicts of interest inherent with big wall street, brokerage, and insurance companies. I found a community of other like-minded financial advisors, also known as fiduciaries, and decided to launch my own firm to better serve you.

When I'm not diving into retirement planning or tax planning strategies for my clients, I enjoy playing golf twice a year (once on Father's Day and once on my birthday), cooking, fishing, anything outdoors, and of course spending time with my family. I don't need to officially workout anymore as my three boys keep us plenty active!

Social Media Links:

Instagram - @imaginefinancialsecurity

LinkedIn - https://www.linkedin.com/in/kevin-lao-cfp%C2%AE-ricp%C2%AE-4181a29/

Contact Info:

[email protected]

904-323-2069

Forget the financial porn you are looking at on social media from some "guru" that isn't going to put their name on your tax return. In this episode, we are going to talk about 3 different real estate investing strategies and the potential tax consequences of those real estate investment opportunities. There are a lot of technicalities discussed that have a wide range of applicability that create opportunities to make lots of money and pay fewer taxes.

Sharon has quite the background and experience! We dive into a great conversation about her background, being raised by two awesome parents with unique perspectives that have helped her in her professional career. Being a woman in the workforce has been difficult but we talk about how far things have come and what individuals can do to improve their situations. Some technical conversations are shared around contracts, technology and entity structures, as well as some insight into working with large companies; versus smaller boutique service providers. Sharon also shared her experience with cancer and the battles and perspectives she has had to have to overcome those difficult situations.

Sharon L. Tasman is a seasoned business and technology attorney with over 30 years of legal experience. Having spent 15 years at Hogan Lovells, one of the world's largest law firms, and serving as in-house counsel at MedImmune, Sharon founded HTBiz Law to offer clients the best of both worlds—a boutique law firm experience with the expertise of a global firm. She has successfully negotiated complex contracts and managed individual transactions exceeding $200 million, while also providing comprehensive training and authoring publications on legal matters.

Sharon's passion lies in empowering women and members of the BIPOC community to start and grow their businesses. With her unique blend of legal expertise, technical knowledge, and firsthand entrepreneurial experience, she understands the challenges faced by solo and small businesses and offers tailored solutions to overcome them. Sharon holds a Juris Doctor degree with honors from the University of Maryland School of Law and is admitted to practice law in multiple states.

As a trusted advisor, Sharon assists companies of all sizes - from solo business owners to multinational corporations - in protecting and expanding their ventures. Having worked on deals totaling over $6 billion, she understands the importance of addressing legal details as early in the process as possible. Sharon's mission is to provide accessible, non-threatening, legal resources that empower businesses to safeguard their interests and thrive in the competitive landscape.

Social Media Links:

Instagram - @htbizlaw

LinkedIn - @sharontasman

TikTok - @htbizlaw

Contact Info:

[email protected]

Brady and Scott Talk about the innovative way that they are working with clients to improve the client experience in accounting and legal services. They also discuss three important topics that every entrepreneur needs to know and understand when it comes to their business; business entity structures, trademarks and protecting your brand, and contracts your business should have. These are so important for you to be legally shatterproof in business.

As the official Zig Ziglar Small Business Lawyer and a Ziglar Legacy Certified Trainer, it's no wonder that Scott Reib is known as "America's Legal Coach." For the last two decades, Scott has been helping business owners, entrepreneurs, and coaches "shatterproof" their businesses by implementing specific strategies for structure, growth, and protection. Over the last three years, Scott has been sharing these strategies with business owners and coaches, and watching them grow and succeed!

Even with 20+ years of legal experience, Scott is a firm believer that legal advice doesn't have to be expensive or intimidating. His passion lies in changing the way we view legal counsel: from "emergency" situations to "primary care provider" relationships. Scott is shifting this perspective via Access Plan, his groundbreaking subscription-model legal service, where he helps clients understand their legal questions before they find themselves in a legal emergency.

Contact Info:

[email protected]

Frank and Brady discuss a wide range of topics when it comes to wealth management, including entity structures, paying family members, deferred compensation, and even real estate! The crazy thing is how important all of these different topics are when it comes to wealth management, and how all of these different puzzle pieces work together.

Frank B. Hana Jr., ChFC, Private Wealth Advisor has a passion for helping individuals build wealth. After running successful family establishments in the restaurant / hospitality industry, he made a bold transition into finance, driven by a desire for fulfillment and a recognized gap in the industry.

Jonathan and Brady's conversation revolved a lot around the idea that time in the market is more important than timing into the market. Jonathan relates how important his fathers example was in his career decisions. They talk about the investor that was his father, as well as important factors in Jonathan's investing strategies that others should consider. Jonathan has vast amounts of knowledge that is displayed during the conversation, especially as it relates to the concerns and stressors of our current markets such as interest rates, prices, economic conditions, etc.

Jonathan Greene is a lifelong real estate investor, concierge agent, and on-market team leader, as well as a certified life coach and real estate coach. Jonathan grew up in Brooklyn Heights, NY. He graduated Magna Cum Laude from The University of Hartford and holds a JD from Nova Southeastern University Shepard Broad Law Center. Jonathan manages Streamlined Properties; a off-market sourcing real estate company across the country. He also oversees Streamlined Properties On-Market, which is an eXp Realty brokered company selling real estate with his team all over the US. Jonathan has spoken at Dippidi Deep Dive, been featured multiple times on other podcasts such as Bigger Pockets, and is the host of his own podcast, "Zen and the Art of Real Estate Investing".

Contact Info:

[email protected]

https://www.trustgreene.com/

Mike and Brady discuss how to build a successful business from concept to exit. STAKT is the company being used as the example and they dive deep into the reason this business was started. How we are able to grow. What techniques are being used to grow the business. They also discuss what happens when a business is to the point that you want to bring on capital or exit the business. Shamelessly, this is also to highlight STAKT in a manner to help more companies reduce the complexities of paying sales reps and tracking sales commissions.

Mike Scicluna is Partner and CFO at High Country Finance; a well recognized accounting, tax, and outsourced CFO firm. Previously, Mike has served as CFO in both full-time and fractionally multiple organizations, with expertise in over 25 different industries. He is incredibly skilled in cash flow forecasting, projections, accounting analysis, and high level advisory for top tier business owners in the start-up and growth phases of their company.

Rick and Brady dive into the unique experiences that have gotten Rick to the point he is at today. There is a lengthy conversation about the different struggles and addictions that both Brady and Rick have, and continue to experience that help them experience success.

Rick Warner is a personal development coach, mentor, and highly respected real estate broker based in Petaluma, California. Rick found himself homeless and addicted to drugs at 20 years old but was able to turn his life around with the help and support of his community. Now, over 30 years later, Rick remains committed to two things: personal growth and helping others achieve success.