In this episode of the Thoughtful Entrepreneur, your host Josh Elledge speaks with the Attorney & Founder  of Motiva Business Law, Danya Shakfeh. Danya specializes in helping entrepreneurs stay out of court and focus on their businesses. She does this by ensuring they have proper legal documentation and contracts. Danya explained that many business owners end up in court because they didn't take simple steps to protect themselves from legal disputes. She emphasized the importance of having a proper operating agreement and contracts to avoid costly litigation. Danya also pointed out that legal exposure is not just a risk for larger or brick-and-mortar companies. Still, she can also affect smaller businesses, especially in industries like startups and intellectual property. Danya also shared insights on trends in the intersection between small businesses and law. She mentioned that while she offers online resources and a YouTube channel, she has also been organizing in-person events to cater to people tired of virtual meetings after the COVID-19 pandemic. Danya emphasized the importance of proper due diligence when buying a business. She advised potential buyers to involve an attorney early in the process. She also highlighted the significance of obtaining consent from third parties involved in the business transfer, such as landlords or franchisors.

Key Points from the Episode:

• Common legal topics that business owners should be aware of
• Guidance on hiring an attorney
• Mergers and acquisitions in business
• Startups and legal compliance
• Importance of proper contracts and legal documentation
• Legal exposure for small businesses
• Danya's events on how to buy a business
• Due diligence when buying a business

About Danya Shakfeh:

Danya Shakfeh is a dedicated attorney specializing in helping entrepreneurs navigate the legal complexities of their businesses, allowing them to focus on what they do best. With over a decade of experience in business law, Danya has become an expert in her field, consistently delivering top-notch services to her clients. Danya's primary focus is on contract review and drafting. She excels at identifying potential legal pitfalls within contracts, ensuring her clients' interests are protected and their business transactions run smoothly. Her meticulous attention to detail has kept numerous entrepreneurs out of legal trouble, allowing them to confidently conduct their business operations. One of Danya's notable achievements is being recognized as a Rising Star by Super Lawyers for nine consecutive years. This prestigious accolade is awarded to less than 2.5% of lawyers, underscoring her exceptional legal skills and dedication to her clients' success. What sets Danya apart is her commitment to understanding her clients on a deeper level. She doesn't just ask the routine legal questions; she delves into her clients' biggest fears and dreams. By gaining insight into their aspirations and concerns, she leverages her legal expertise to protect their interests and help them realize their entrepreneurial dreams. Danya is more than just a business lawyer; she's a trusted legal and business advisor. Her approach encompasses fear-crushing and dream realization, ensuring her clients receive comprehensive support and guidance throughout their entrepreneurial journey. With Danya by their side, entrepreneurs can confidently navigate the legal landscape, knowing they have a dedicated advocate committed to their success.

About Motiva Business Law:

Motiva Business Law is a versatile legal firm that employs various strategies to engage potential clients. They create valuable legal resources like "lead magnets," videos, publications, and systematic approaches to attract potential clients effectively. Motiva specializes in various legal areas, including contract law, employment-related matters, civil and business litigation, and business law. They have expertise in reviewing and drafting contracts across diverse industries such as technology, food, healthcare, and construction. Their legal services include litigating complaints, counter-claims, motions to dismiss, motions to strike, answers, replies, requests to admit, interrogatories, discovery requests, contracts, and demand letters. Motiva Business Law is committed to educating the community. They conduct public seminars tailored for new and established businesses, focusing on important topics such as business entity types in Illinois, general contract principles, and employment regulations. This commitment to education underscores their dedication to serving their clients and the local business community.

Tweetable Moments:

12:43 - "For some business owners, it's not too much money, but for your average person, it could be someone's life savings."

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Links Mentioned in this Episode:

Want to learn more? Check out Motiva Business Law website at https://motivalaw.com/ Check out Motiva Business Law on LinkedIn at https://www.linkedin.com/company/motivalaw/ Check out Motiva Business Law on Instagram at https://www.instagram.com/motivalaw/?hl=en Check out Motiva Business Law on Facebook at https://www.facebook.com/MotivaLaw/ Check out Motiva Business Law on YouTube at https://www.youtube.com/@motivabusinesslaw Check out Danya Shakfeh on LinkedIn at https://www.linkedin.com/in/danyashakfeh/ Don’t forget to subscribe to The Thoughtful Entrepreneur and thank you for listening. Tune in next time!

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