In this episode of the Maximum Lawyer Podcast, co-hosts Jim and Tyson engage with tax attorney and CPA Daniel Rowe. Daniel, licensed in multiple states, shares his expertise on crucial tax considerations for law firms. Key highlights to this episode include: the importance of selecting the right business structure (LLC, S Corporation), tax treatment of legal settlements, and common mistakes by new law firm owners, such as poor record-keeping and inadequate tax compliance.
BigLaw to Small Practice w/Brian Wallace and Michael Foster 140
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Today on the show we have Michael Foster and Brian Wallace, co-founders of Foster & Wallace. Their firm is based in Kansas City and is brand new-less than a year old.
We’ll discuss taking the leap from BigLaw to running a practice, the biggest challenges they’ve faced in making the transition, running a firm with two different practice areas, establishing yourself with a website,
Hacking’s Hack: Ryan McKeen said at the beginning of the year that he’s done reading business books. I’m reading a book right now called Billion Dollar Whale. Think modern day Malaysian Gatsby except it all really happened.
Tyson’s Tip: Two books by Russell Brunston- .com secrets and expert secrets. I use these as desk references.
Michael’s Tip: Have coffee to network rather than lunch. Saves money and is better on the waistline. Ask for 5 star reviews from everyone you work with.
Brian’s Tip: When you’ve got business partners its important to be open and transparent. Leave it all out there.
Check them out at FosterWallace.com
Make sure to register for MaxLawCon19, June 6 and 7 in St.Louis.
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The podcast and fb group has been life altering. I always felt like I would never know enough to hang my
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Are you a law firm owner who is looking to market your business better? In this episode of the Maximum Lawyer Podcast, Becca chats with Vaidas and Steve from RizeUp Media (https://www.rizeupmedia.com/maxlaw/), a digital marketing agency specializing in law firms.
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