This is the easiest way I know to avoid being named a defendant in an online business defamation case.
Mr. Beast aka Jimmy Donaldson is killing it on YouTube. I enjoy watching and sharing his content with all my friends. Great stuff Jimmy! You can watch Jimmy’s videos here.
Last night before bed I was clicking around on YouTube and came across this interview Mr. Beast had on the #H3Podcast with @h3h3productions @teddyfresh @HilaKleinH3. The topic was Jimmy’s complicated taxes. Here’s the YouTube link of the conversation.
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.
Yours in service,
Mitch Jackson, Esq.
See recommendations/testimonials here
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
Every writer needs an editor. And sometimes, even editors need a hand. Jump-start the editing process with WordRake, the only in-line editor designed for professional writers.
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.
Watch the show on your favorite social media platform and get all links and watch past and upcoming Human.Social live video shows here.
If you really want to connect with your community in 2021, create and share your personal stories and experiences– your hobbies, interests and passions, on #socialmedia. I dive a bit deeper on this topic in this 6 minute audio.
Topics included the Airbnb $42B public offering value; entrepreneur Tony Hsieh and entertainer Chadwick Boseman passing away without estate plans and discussing my new virtual estate planning department; my Top Secret Partner consulting service for new lawyers; yesterday’s StreamYard with Ross Brand and sharing AgoraPulse and LatelyAI; and why I’m doubling down using the strategies shared in my LegalMinds mastermind, like promoting the Clio Cloud portal, and being massively proactive in 2021 with building my brand and cloud-based virtual business services. And just in case you’re interested, today’s running playlist include Justin Timberlake and Linkin Park
Give the young lawyer in your life a gift that can make things easier, change their career, and help them find success! Visit TopSecretPartner.com today! (gift certificates available).
#HappyHolidays #law #lawyer #attorney