LayRoots

Asset Protection | Live More Carefree

Colin Ley

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Asset Protection for the Cannabis Industry

How to protect your cannabis-related profits

If you search the interwebs for asset protection for the cannabis industry, you mostly find companies offering services to physically protect assets like farms, products, and piles of cash. We’re talking security, alarms, armored cars, armored men, etc. But what about protecting your assets, i.e. the profits made from successfully operating a business in the cannabis industry? Since the Trump election, people have been wondering whether the federal government will crack down the industry. [Read more…] about Asset Protection for the Cannabis Industry

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How to lose millions of dollars

Federal Trade Commission has a bill for you

A recent episode of Silicon Valley addressed what happens when a company violates a Federal Trade Commission (FTC) regulation. One of the show’s characters accidentally violates the FTC’s Children’s Online Privacy Protection Act (“COPPA”).  The COPPA rules are meant to protect kids from all the perves lurking out on the interwebs. By overlooking these regulations, the company’s app lures in a bunch of creepy old dudes. By the time the characters figure out their mistake, they’ve already racked up millions of dollars in penalties and fines.  [Read more…] about How to lose millions of dollars

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Secret Side Hustle

How to keep your side hustle a secret

Nothing seems to hotter right now than entrepreneurship. Specifically…entrepreneurship for people with jobs. I mean why work for somebody else from 40 hours a week for some jabroni when you could work for yourself for 100+ hours a week!? We’re talking about having a side hustle here. Maybe I’ve been listening to too much GaryVee, but it seems a lot of the young-folks these days want to start a business in their spare time.

So what if you have this side hustle, but you don’t want your current boss to find out about it? That’s a questions we get all the time (three times counts as “all the time” right?). [Read more…] about Secret Side Hustle

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The importance of reviewing your estate plan

Reviewing your estate plan

I’m a big advocate of regularly checking up on your estate plan. I recommend at least every 3 years or after any major life event like a death or divorce. There’s a reason we offer free, ongoing reviews for our clients and that’s because you want your estate plan to work for you.

There is a common belief that you’re all set once you have your estate planning checked off the to-do list. In fact many attorneys never [Read more…] about The importance of reviewing your estate plan

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Anonymous LLC

What is an anonymous LLC?

Simply put, an anonymous LLC is just like a “regular” LLC, except that the ownership details of the company are not published for any Tom, Dick or Harry to review. In fact, some states don’t even share the information with the IRS. They are also known as privacy LLCs. [Read more…] about Anonymous LLC