Braden Adam Drake

In this engaging discussion, tax attorney Braden Drake shares his expertise on vital tax strategies for online entrepreneurs. He highlights common pitfalls, like mixing personal and business finances, and offers solutions to save on taxes. Braden explains the advantages of transitioning from an LLC to an S Corp when profits hit the $60K–$100K mark, potentially saving thousands. He emphasizes smart year-end financial moves, including retirement contributions, to maximize wealth while avoiding IRS red flags.

Please join us in welcoming Braden Adam Drake for our official launch episode! In this witty and amusing episode, Braden and Kira spill some of their experiences in the workforce and stepping into the world of entrepreneurship. If you thought that attorneys and tax professionals were bland, think again! Braden will quickly change your mind while providing educational tidbits. Plus, for all of our Californian listeners out there, Braden touches on California's contractor laws: AB5.Disclaimer: these episodes are NOT meant to take the place of an HR or Legal Department.--------------------------In today's episode, we cover:Braden's origin storyThe worst boss Braden had in the workforceThe highlights and lowlights of Kira and Braden's internship experiencesWhat would they both have done differently if they could go back in timeLitigation vs. transactional lawsHow HR and attorneys can work together to support your businessIntroduction to the AB5 law in California Fears entrepreneurs typically have around hiringAnecdotes from Braden's journey of having a team of contractors to employeesThe value of the 3-year pictureAdvice for writing work emailsPeople Braden tries to emulate-----------------------RESOURCES:Read Braden's blog post on AB5 Dealing with California's New Contractor LawsTraction: Get a Grip on Your Business by Gino WickmanOn the blog: Boss Project Case Study-----------------------Guest info:Braden is a California licensed attorney and tax professional. His tagline is your gay best friend here to help you get your legal, tax, and financial shit legit. Braden works primarily with service-based, creative small business owners through his signature program Profit Rx.Follow Braden on Instagram @bradenadamdrake, and if you want to binge Braden's Podcast, look for Unf*ck Your Biz With Braden!-----------------------Like what you hear? Let's get your business Set to Scale - Get started!Get Down With The Up And Up! Join our community for monthly tips, tricks, and all the juicy goss about entrepreneurship, people operations, and team development straight to your inbox. Connect with me at:Instagram: @theparadigmmLinkedIn: Kira La ForgiaFacebook: Paradigm Consulting