How can small business owners navigate legal and tax challenges to achieve their big ideas?

In this episode, Barbara Weltman, founder of Big Ideas for Small Business, shares her transition from attorney to small business guru. After hearing the same questions from her clients over and over, she decided to close her law practice and focus on writing to reach a wider audience.

Barbara discusses the importance of partnership agreements and buy-sell agreements to protect businesses from potential pitfalls. She also emphasizes the need for small business owners to understand the tax implications of their decisions, even if they work with a professional.

As the author of "J.K. Lasser's Small Business Taxes" and "Smooth Failing," Barbara aims to educate entrepreneurs on legal and financial best practices. She shares real-world examples of business challenges and offers practical advice for overcoming them.

Barbara sees continuous learning as the key to success in business and in life. She keeps inspirational quotes on her monitor as a reminder to stay engaged and curious.

Mentors that Inspired Barbara:

Sidney Kess - Barbara's partner for 45 years who taught her to "do the best you can in the time you have"
Larry Summers - former Treasury Secretary who continues to engage in learning and discussion at age 100+

Tune in for insights on navigating non-compete agreements, the Corporate Transparency Act, and the importance of separating your personal brand from your business.

References:

Website - www.BigIdeasForSmallBusiness.com

Twitter - https://twitter.com/BigIdeas4SB

Facebook - https://www.facebook.com/BigIdeasForSmallBusiness

Linkedin - https://www.linkedin.com/in/bweltman/

Instagram - https://www.instagram.com/bigideasforsmallbusiness777/

Anthony Codispoti, AddBack Benefits Agency

https://www.addbackbenefitsagency.com/

Transcript | The Inspiring Journey of Barbara Weltman and Her "Big Ideas for Small Business"

https://addbackbenefitsagency.com/the-inspiring-journey-of-barbara-weltman-and-her-big-ideas-for-small-business/

Youtube - Inspired Stories Podcast by AddBack BenefitsAgency

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The Inspiring Journey of Barbara Weltman and Her "Big Ideas for Small Business"

The Inspired Stories Podcast