005 Bev Davidek - Translating 'Legalese' for Entrepreneurs

00:55 – Introducing today’s guest, Bev Davidek

02:12 – Bev identifies the most common issues clients approach her about

03:49 – The importance of setting up the proper legal entity

05:26 – Bev breaks down the differences between a sole proprietor and an incorporated state

07:31 – Bev’s rule of thumb for entrepreneurs looking to file as an S Corporation

09:30 – Legal benefits of establishing an entity type business

10:32 – The basics and benefits of a contract

16:47 – Building a relationship with the right attorney

21:22 – Bev talks about her LIFT Program

24:31 – One takeaway Bev wants the audience to know

25:56 – The most valuable business lesson Bev learned

27:57 – How Bev’s legal experience aided Bev’s business acumen

30:13 – What Zen Money means to Bev

31:11 – Where listeners can connect with Bev

Tweetables:

• “Most people come to me, unfortunately, after they already have created a bit of a mess. And so, it’s kind of a triage situation.” (02:31)

• “Sometimes a handshake deal is not always super clear what you’re delivering and what the client can expect.” (12:38)

• “The contract is what we’re gonna rely upon if we don’t agree on something. And it can be useful in that way.” (15:13)

• “In my experience, clients want to know what they’re getting.” (18:12)

• “Legal, Insurance, Finance and Tax. Those are the four pillars that I think every business has to have in place.” (22:13)

Links Mentioned:

Bev’s Website – https://davideklaw.com/

Bev’s Email – [email protected]

Bev’s Facebook – https://www.facebook.com/beverly.davidek

Zen Money Website – https://www.zenmoneymap.com/