Welcome to Season 3 of The Black Money Tree Podcast with Host Jerome D. Love! In starting a business and in order to be successful, you have to have people who are advocating, helping and supporting you. We kick off Episode 1 with a conversation on one of the most important elements to business: LEGAL STRUCTURE. Tune in as host Jerome D. Love speaks with Derrick A. Reed on legal structure of business and more! Derrick Reed is a founding partner of Stephens Reed &Armstrong, PLLC. His practice focuses on all areas of employment and labor law, commercial litigation, and general business matters.
13:39 "I don't like Lawyers, they charge too much money. Why do I need one around in my Business?"
15:50 "Why are lawyers so complicated, can't I just do the deals myself?"
18:50 "What is typical advice you give to budding entrepreneurs on LLC's?"
21:17 "Do I have to pay a professional? Can I save that money?"
27:00 "Do I need a trust?"
31:00 "I understand my business and what makes it go. Does a lawyer really know the cost of me doing my business?"