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Legal Stepz and Entrepreneurial Insights with Peter Bronstein
Today we have our very own Peter Bronstein talking about Legal Stepz. Peter gives us a view into his background and the many businesses he has started. He talks about where Legal Stepz came from and how entrepreneurs can use it as an affordable option for starting a new business. The courses available on Legal Stepz will help you get your business set up correctly at a fraction of the cost of hiring an attorney. Tune in to learn more about S-Corps, LLCs, registered agents, and tips to set your company up right!
IN THIS EPISODE:
- [10:16] How did Peter get into the entrepreneur field?
- [13:09] Why did Legal Stepz come about?
- [17:40] How does the metaphor “teaching some of the fish vs. fishing for you” play into Legal Stepz?
- [20:30] What is an S-Corporation?
- [24:10] What does LLC mean and does the course cover running LLCs?
- [28:35] What is a registered agent?
- [31:11] Where can people get started with the courses?
KEY TAKEAWAYS:
- Legal Stepz is an affordable option, especially for those who are just starting out in entrepreneurship. It allows you to set your business up on your own, following a course that was created by an attorney, so you’ll know you are doing it right. Other sites available like LegalZoom charge you upwards of $600-$800 plus additional fees which is a lot of money when just starting out.
- Limited liability means that you, your liability is limited to the assets within the business itself. If you run your business as a DBA (doing business as), meaning doing business as, or fictitious business name, or operate your business on your own as a sole proprietor, you will be personally liable for all of your business obligations.
- A registered agent is someone who can accept documents on behalf of the company. This could be legal documents, lawsuits, IRS letters, etc. Make sure that the person listed as the registered agent is someone who checks mail/is available at the location often so something doesn’t get delivered and then sits for weeks at a time.
BIO:
By focusing solely on legal issues affecting businesses, with an accounting degree with his JD, lawyer Peter Bronstein is able to offer informed counsel, detailed planning, clear communication and aggressive representation during negotiations and litigation.
Before creating our law firm, attorney Peter Bronstein spent five years as corporate counsel for Mail Boxes Etc., a major franchisor with national and international locations. He has experience in the inner workings of a business and the challenges that accompany business ownership in California.
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