In this episode of "Cash and Sass," host Lisa Marie Robinson, the "sassy wealth queen" and founder of Transcendent Wealth, converses with business law attorney Matthew Fornaro. They explore essential financial and legal strategies for small business owners. Key topics include the importance of budgeting, cash flow management, and maintaining clear boundaries between personal and business finances to avoid legal complications. Matthew emphasizes the need for legal protections and professional guidance, while Lisa shares practical tips on financial planning. Together, they provide actionable insights to help entrepreneurs achieve long-term success and avoid potential pitfalls.

• Importance of financial management and budgeting for small business owners
• Legal considerations and protections for entrepreneurs
• Strategies for effective cash flow management
• Risks associated with commingling personal and business funds
• Necessity of maintaining clear financial records for legal protection
• Value of professional guidance from attorneys and accountants
• Establishing a financial roadmap to delineate personal and business expenses
• Importance of setting aside funds for legal and tax obligations
• Compliance with IRS regulations for business owners
• Building relationships with legal professionals for business support

Matthew Fornaro has been a business law attorney serving South Florida, including Coral Springs and Parkland, since 2003. Before starting his law firm, he was an attorney at two prestigious AmLaw 200 law firms focusing on civil litigation. Matthew practices complex commercial litigation, including contract disputes. Matthew, a member of the Florida Bar and District of Columbia Bar, also practices construction law, intellectual property law, homeowner and condominium association representation, and drafts and revises of business documents, including the formation of business organizations. Matthew assists new business owners in choosing and drafting all legally required documents. Matthew is involved in mentoring new attorneys, as both a graduate and instructor of the Kaufman Foundation’s FastTrac NewVenture Program, presented by the Broward County Office of Economic and Small Business Development and the City of Hollywood, as well as a graduate and instructor for the Florida State University College of Business Jim Moran Institute for Global Entrepreneurship Small Business Executive Program. As a small business owner himself, Matthew is proud of his representation of businesses in our community and is also available to assist in all transactional and litigation needs.

https://fornarolegal.com
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