First, I’m a fan of being able to monetize digital platforms, especially Clubhouse. Having said that, there are issues everyone needs to understand.
Regarding what is happening on Clubhouse, most of the details can be found in your profile. Simply click your profile, click the settings button (top right), drop down to the “What’s New” tab and read. You can also see this post.
During my room earlier today, we had a good discussion on this new update to Clubhouse. The extremely smart lawyers and professionals who joined me on stage shared their thoughts around the following related issues that I think we all need to pay attention to. For the lawyers reading this, you may want to share your recommendations with clients who are using Clubhouse and plan on monetizing the platform.
Issues Recognized and Discussed:
How are our profiles created? As individuals or through our business entities?
Ethics and conflicts of interests issues?
Is the payment an actual gift or is it consideration for value? (substance over form issue).
State, national and international tax liability issues?
For the lawyers, doctors and accountants reading this post, are you creating an actual attorney/client relationship or the appearance of a professional relationship?
I am a big fan of being able to monetize the Clubhouse platform. However, there are major things for everyone involved to take into consideration including those topics above.
If you have questions, please check with an experienced lawyer and accountant in your state. For purposes of interviews, I’m available to be a guest speaker on your Clubhouse stage if anyone has questions.
Over the years I’ve created and shared a few popular posts and videos to help influencers, agencies and brands make smart online business and marketing decisions. Based upon some of the conversations I have had this week on the new Clubhouse (audio only) platform, here are several posts everyone will find helpful. [see disclaimer as to all content shared at this website]
The topic is law, tech, client expectations, and what you need to do moving forward in 2021. We go live TODAY at 2pm PDT (5pm ET) on all the top platforms or you can watch above on YouTube or here on Facebook!
Social media marketing and branding wiz, Nicole Abboud-Shayan of WordRake, rounded up these highly recommended marketing and business development books written by lawyers that will elevate your law firm marketing efforts. Take a look at the list and let me know which books are your favorites.
Are there other books that you recommend? If so, please share in the comments below. Thanks!
COVID-19 has disrupted the conference and speaking industries as we know them, in 2020 and moving forward. To that end, I’ll be sharing exactly what professional speakers need to know and do with respect to modifying the important Force Majeure clause all speaking contracts (you do use contracts right?) should now include moving into 2021.
Join me live on Monday at 1 pm PST (4 pm ET). Bring your questions!
Post show update: I shared a template clause/provision with my Community via text. If you’re not part of it, join me via 949-577-7456 and hit me up with a text reminder. I’ll send over the password protected post. Thanks!
Truth be told, most business/tax lawyers and accountants would cringe while listening to this conversation. I didn’t. I get it.
Mr. Beast is a creator. He’s doing what he loves to do and there’s nothing wrong with that. He’s pulling in millions of dollars a month from YouTube and the dude is super generous because he’s also giving away millions of dollars in cash and gifts each year on his YouTube channel.
In fact, it’s my understanding Mr. Beast wants to use his wealth to build hundreds of homeless shelters/food banks and give away all the money. That is so cool. Seriously, check out this content– pretty damn impressive and entertaining.
In any case, earlier today on my run I started to think about Mr. Beast and shot this video with my GoPro9. There are so many things that literally jump out at me that he can/should look at, and probably do, that will not interfere with the creative side of his content but will reduce state and federal incomes taxes and maximize the protection of his personal assets (bank account, house, favorite dog) from his business liabilities.
Doing so will allow him to create MORE wealth to donate or give away (BTW, there’s a right and wrong way to do this under the tax code). Hey, when you’re a trial lawyer with 34 years of experience, this is just how your brain works. Sorry not sorry. I’ve even discussed a few of these things over the years right here at my blog. Simply use the search bar for answers.
Hey Mr. Beast, if you haven’t done so already, surround yourself with a good business/tax attorney and CPA. Not only will you protect your wealth and business interests, you’ll also have more options than you ever thought possible and MORE money to give away to the homeless shelters and food banks because you didn’t pay as much in state and federal income taxes. And for the record, I have no problem paying taxes but I personally do wish our governments didn’t waste so much of our money. Maybe that’ll be a topic for another video in the future 😉
***** Update- after I shot this video I learned that Jimmy’s multimedia talent management company is “Night Media” which is a creative outpost for the largest creators on the internet. His manger is Reed Duchscher, who’s an impressive dude, so I’m sure Mr. Beast is in good hands and all this stuff is being covered. The idea behind this post is to give creators something to think about and hopefully get them to move in the right direction. You can connect with Night Media here.
OK. That’s it for now. Everyone please hang in there. I know we’re in tough times. I get that. But, I think it’s important that we all continue to try to move forward, lift each other up, and make each day our masterpiece.
During our Human.Social live video show, Ivy Grey will share what WordRake is, how it works, and how you can use it in 2021 to tighten, tone and clarify your writing.
We use WordRake at our law firm and Mitch is so impressed with the program that he agreed to become a brand ambassador for the company. Between now and show time, you can learn more about WordRake here and also below:
More about WordRake
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In the long run, WordRake can help make you a better writer. It can help you un-learn bad habits that took years to acquire. But it also helps you in the short run, by cutting down the time you spend second-guessing yourself. You write with more confidence, knowing a sharp second draft is just a RAKE away.
Imagine if everyone who read your writing understood and embraced your message. That’s possible with WordRake. Communicate clearly with sophisticated clients, inquisitive readers, and the general public. No matter your audience, WordRake will help.
WordRake edits for clarity and brevity using the familiar track-changes style. It reviews your words in context. We know that not all words are bad or good all the time—WordRake’s patented algorithms reflect the complexity of language. This reduces false positives and improves WordRake’s effectiveness.
Edits for plain language and reduces jargon
Cuts throat-clearing introductory phrases
Removes unnecessary descriptive words and modifiers
Corrects nominalizations and wordy adjective phrases
Removes redundancies and corrects usage errors
Catches high-level grammar and punctuation mistakes
Enlivens writing by replacing dull nouns and phrases with active verbs
Edits conversational language to be more professional
Join us this Thursday at 1 pm PST (4 pm ET), meet Ivy and learn more about WordRake. Ask questions and take advantage of a special discount I’ll be announcing during the show that Ivy has been kind enough to extend to our viewers. Visit the WordRake site by clicking here.