Stupid Tax
#22 - Do I Need a Lawyer? And Other Questions from the Stupid Tax Mailbag
Feb 5, 2024
Topics include the need for a lawyer, industry knowledge in buying a business, going into debt for business, legal matters in ventures, debt repayment strategies, music talents, church community, creating value for autonomy, handling customer complaints, and fraud controls.
46:38
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Quick takeaways
- Select attorneys with diverse specialties when buying businesses in unfamiliar industries.
- It's important to take calculated risks and capitalize on entrepreneurial endeavors for personal growth.
Deep dives
Key Point 1: House Voting on the Wyden Smith Bill
The episode discusses the significance of the House voting on the Wyden Smith bill to perpetuate bonus depreciation, providing insights into how this can impact individuals like Scott and Mitchell. Scott anticipates a celebratory party, including a live stream event and potential shirtless photos, highlighting the excitement around this event.
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