S3 E18 Divorce for Business Owners With Shawnna Riggers
- S3E18
- 12:59
- June 12th 2024
In this episode of Leveraging Inspiration, Wayne Carroll sits down with Shawnna Riggers from Arizona Family Law Attorneys to discuss the unique challenges business owners face during divorce proceedings. They delve into the implications of artificial intelligence in legal contexts, community property laws, and the importance of prenuptial agreements for safeguarding business interests.
Key Points Discussed:
AI in Legal Contexts:
- Limitations and risks of using AI tools like ChatGPT in legal scenarios.
- Shawnna shares personal experiences where ChatGPT provided inaccurate legal information.
Community Property and Business Ownership:
- Explanation of community property laws in Arizona and how they affect business ownership during a divorce.
- Importance of determining if a business is community property and the complications that arise.
Goodwill and Earnings:
- How goodwill and business earnings are considered in divorce settlements.
- The necessity of consulting a family law attorney for prenuptial agreements to avoid confusion and protect assets.
Practical Steps for Business Owners:
- Advice for business owners on drafting operating agreements and LLC agreements.
- Importance of having a spouse sign a disclaimer to prevent complications in case of a divorce.
Jurisdiction and Legal Advice:
- Importance of filing for divorce in the correct jurisdiction and seeking sophisticated legal advice.
- Complications that arise with businesses operating in multiple states.
Shawnna Riggers' Legal Approach:
- Shawnna discusses her firm's unique approach to providing peace of mind and comprehensive options to clients.
- Focus on long-term well-being of children and reasonable legal positions to avoid unnecessary litigation.
Shawnna's Career Path:
- Shawnna shares her journey from aspiring to enter the medical field to becoming a family law attorney.
- The fulfillment she finds in helping clients navigate through difficult times.
Resources Mentioned:
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Disclaimer: The information provided in this podcast is for educational purposes only and does not constitute legal advice. Always consult with a qualified attorney for legal matters.
Leveraging Inspiration: The Inspired Patent Podcast
Leveraging Inspiration: The Inspired Patent Podcast
This podcast is for small business owners. You work so hard and help so many people.
It breaks my heart when I learn of a small business owner that missed opportunities because they did not have the information that they needed. That is why I am here, to help you, the small business owner, to learn how to leverage your inspiration and succeed at making the world a better place.
Listen to find out simple steps you can take to make sure you own the valuable property in your business, your inspired ideas, your innovations, and solutions. More than just protecting your intellectual property (IP), I want to help you leverage your ideas so that you can offer your solutions to as many people as possible.
Each 13-week season will take you through a process in your business to improve your intellectual property protection. In each episode, I provide a small action that you can take to better protect your IP. Added together these small actions can make a huge difference for your business and the results you achieve.
Join me each week for new episodes. Find new episodes on LeveragingInspiration.com and wherever you find your podcasts
The first season (season 13 on IBGR.Network) covers: Intellectual Property Strategy for Startups and Small Business
Show Airs - Fridays 3 pm ET beginning Apr 7, 2023
Wayne Carroll founded Inspired Idea Solutions Law Firm in 2013, an IP boutique law firm focused on helping small businesses with intellectual property. At Inspired Idea Solutions, we use a proven process for obtaining IP rights that focuses on aligning the business strategy of small business clients with their IP strategy. We help small businesses implement a strategy to ensure they own and leverage their intellectual property. We also have clear expectations with zero hidden fees.
In addition to his legal work, Wayne is an Eagle Scout and actively volunteers with the Boy Scouts of America. He is also a proud father of six children and enjoys playing pickleball. Wayne's extensive experience and expertise in intellectual property law make him a highly respected attorney and a valuable asset to clients seeking protection for their intellectual property rights. Wayne can be reached at 480-741-2440 or [email protected]. You can also connect with Wayne on LinkedIn.
For help with your business Schedule an appointment with Wayne Carroll for a strategy session on how to protect and leverage your intellectual property.