25 min
Law Firm Launchpad: Elevating Your First Year with Strategic Tax and Funding Approaches NewLaw Podcast for Entrepreneurial Lawyers with Ali Katz
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- Entrepreneurship
Starting a new law firm is no small feat, but with the right strategies and guidance, you can transform your first year from a challenge to a triumph.
In this eye-opening episode, Ali Katz, your trusted guide in legal entrepreneurship, coaches one of her Personal Family Lawyer firm leaders and lays out a step-by-step roadmap for early-stage success.
Here’s what we cover:
Maximizing Tax Benefits: Discover how aggressive leveraging of tax savings through business expense deductions and S-Corp taxation can drastically reduce your self-employment taxes. Smart Funding Strategies: Learn how to harness the power of business credit to fuel growth in your firm, allowing you to focus on key priorities without financial strain. Marketing Mastery: Uncover the secrets to diversifying your marketing efforts for a steady flow of leads. Investing boldly in marketing isn’t just expenditure; it’s the cornerstone of sustainable revenue. Navigating Overwhelm: As a new entrepreneur, it's easy to get overwhelmed. Ali discusses how to stay centered on your mission to serve more clients, ensuring your vision remains the north star of your practice. Systemizing for Success: We break down how to optimize systems and workflows in your practice for efficient operation and a smooth path to growth.
Whether you're in the initial stages of setting up your law firm or looking to fine-tune your existing strategies, this episode is packed with actionable insights. Tune in to learn how to lay down a solid foundation for your law practice, enabling you to soar towards your entrepreneurial dreams with confidence and clarity.
04:23 Maximize business expenses before year-end for tax benefits.
07:39 Limit business expenses, lower tax with S-Corp.
10:39 Get support to grow your law practice.
15:35 Block time for signings, presentations, and education.
19:35 Entrepreneur secures $150,000 loan from local banks.
Starting a new law firm is no small feat, but with the right strategies and guidance, you can transform your first year from a challenge to a triumph.
In this eye-opening episode, Ali Katz, your trusted guide in legal entrepreneurship, coaches one of her Personal Family Lawyer firm leaders and lays out a step-by-step roadmap for early-stage success.
Here’s what we cover:
Maximizing Tax Benefits: Discover how aggressive leveraging of tax savings through business expense deductions and S-Corp taxation can drastically reduce your self-employment taxes. Smart Funding Strategies: Learn how to harness the power of business credit to fuel growth in your firm, allowing you to focus on key priorities without financial strain. Marketing Mastery: Uncover the secrets to diversifying your marketing efforts for a steady flow of leads. Investing boldly in marketing isn’t just expenditure; it’s the cornerstone of sustainable revenue. Navigating Overwhelm: As a new entrepreneur, it's easy to get overwhelmed. Ali discusses how to stay centered on your mission to serve more clients, ensuring your vision remains the north star of your practice. Systemizing for Success: We break down how to optimize systems and workflows in your practice for efficient operation and a smooth path to growth.
Whether you're in the initial stages of setting up your law firm or looking to fine-tune your existing strategies, this episode is packed with actionable insights. Tune in to learn how to lay down a solid foundation for your law practice, enabling you to soar towards your entrepreneurial dreams with confidence and clarity.
04:23 Maximize business expenses before year-end for tax benefits.
07:39 Limit business expenses, lower tax with S-Corp.
10:39 Get support to grow your law practice.
15:35 Block time for signings, presentations, and education.
19:35 Entrepreneur secures $150,000 loan from local banks.
25 min