The Property by Kazy Podcast EP 73 | The Property Solicitor: How To Go From 0 To 7 Figures In 24 Months | PBK Podcast
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Oct 5, 2024 Anastasia Ttofis, co-founder of ILA Law and a rising star in the legal world, turned her life around from £30K in debt to a seven-figure business in just two years. She dives into the necessity of Independent Legal Advice for property transactions, especially post-COVID, highlighting innovative online solutions. Anastasia shares her journey of overcoming skepticism in the legal sector, effective marketing strategies, and the importance of authenticity in rebuilding personal connections. She also addresses the emotional challenges of entrepreneurship and the significance of balancing growth with well-being.
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ILA Law: A Solution
- Anastasia Ttofis saw the difficulty in obtaining ILAs and created ILA Law, an online platform offering convenient video call appointments.
- This solution addresses the limited availability, high costs, and disinterest of high street solicitors.
The Need for ILAs
- ILA's (Independent Legal Advice) are needed when borrowing in a limited company's name and the bank requires a personal guarantee.
- This protects directors from undue influence and ensures they understand the risks involved, such as potentially losing their personal home.
Origin of Undue Influence
- A wife was forced into signing an agreement by her husband, leading to the legal concept of undue influence in ILAs.
- Lawyers must ensure clients aren't coerced and understand the risks, even if clients just want the money.