Episode 87

full
Published on:

26th Feb 2020

87: The Legal Basics Every Entrepreneur Must Know with Scott Reib (Part 1)

Scott Reib is the Uber of lawyers. He has cracked the code to providing affordable, simple and convenient legal services for entrepreneurs and business owners, on the fly. Scott is also the Walmart of the lawyers, revolutionizing the payment system so that entrepreneurs who don't have a spare $100,000 can also get legal help. 


In this episode, Scott goes through the basics of what you need to do when you start your business to avoid getting caught out in the cold with massive claims filed against you. He also shares his struggle of finding the right platform to handle all his requests. 


But the best part is that Scott's clients actually love it when he calls them. Tune in to find out why!



My Guest: Scott Reib

Scott Reib formed ReibLaw as a full-service law firm that focuses on developing strong relationships with clients with one simple goal in mind – make your legal life easier.


With over 20 years of experience in Business Law and Estate Planning, ReibLaw is out to revolutionize the legal industry by eliminating outrageous hourly fees. As a speaker, Ziglar-certified coach and trainer, and die-hard American, Scott aims to help Business owners and entrepreneurs protect and grow their business as America's Legal Coach.


Episode Highlights:

[02:42] The second thing you need to do is make sure that whatever brand name you've chosen is really available. The worst thing would be to build your brand on someone else's brand and then they come down on you, sue for infringement, and you have to start over.




[08:15] It's the one person listening to us right now that jumps out and starts their business tomorrow, runs over a neurosurgeon while they're delivering their first product that's going to have a problem. I don't want to be negative, but it's in our society. There's 20 million lawsuits filed every year




[22:00] It just creates a totally different paradigm between lawyer and client. My clients like it when I call them, because they're not worried about getting billed for it. We spend half of our time talking about what's going on in their life.




[23:51] Walmart could sell a lot more expensive things, but they don't, because their idea is to provide the lowest cost items to the masses. So we've chosen here that we want to be there for the startup entrepreneur that does not have $100,000.




[29:46] If the judgment is against an LLC, it doesn't show up when you go get a home, go try to buy your first house, if you're trying to buy a car etc. So there are some real advantages to having that separation between you personally and your business,




[37:08] My struggle right now is the platform to handle all of the requests that we have for the clients. When I looked Monday, we had 65 active legal requests, either a question, request for a contract, or a contract review, for example, and trying to find the right platform to handle those has been a real struggle for the last year and a half.


 

Quote:

You are who you are and where you are because of what you put in your mind. You can change who you are and where you are by changing what you put in your mind.- Zig Ziglar



Resources & Links:

 

For Part 2 of this episode, where you can learn how more legal hacks, go to estierand.com/87-2. 


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About the Podcast

Create Your Own Salary (previously Business Breakthrough)
Humanizing business and businessifying humans.
We're humanizing business, and businessifying humans.

Join us as successful business owners talk about the PIVOTAL MOMENTS that got them to where they are AND what they still CURRENTLY STRUGGLE WITH.



My dream always was, and still is, to help small business owners live their dreams. I've noticed that ALL BUSINESS OWNERS STRUGGLE SOMEWHERE. Even those that look so shiny and perfect on the outside are hurting somewhere on the inside.

Many of the podcasts out there feature rags-to-riches success stories with the promise that you can do it too! Ever felt that you really can't?

That's why I've started the Business Breakthrough Podcast, FEATURING STORIES YOU CAN RELATE TO, SHARING STRUGGLES YOU CAN LEARN FROM. The show features business owners- from those just starting out to the super successful - and in addition to exploring previous TRANSFORMATIONAL BUSINESS MOMENTS, together we reach a Business Breakthrough live on air.

About your host

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Estie Starr

Estie Starr is an award-winning business consultant, exceptional marketing strategist, avid speaker, and founder of Strand Consulting, a multinational business consultancy that’s focused on helping small business owners scale their businesses to make big profits. She believes very strongly that people can build professional and profitable businesses doing what they love, and she’s here to guide them so they can bring their vision to life with a lot more ease.