On this episode of The Lawyer Millionaire Podcast, Darren Wurz presents a comprehensive guide to the Corporate Transparency Act, an imperative piece of legislation designed to combat financial crimes. Law firms, particularly those structured as LLCs, partnerships, or sole proprietorships, must disclose beneficial ownership information to FinCEN. As a law firm owner, failing to comply with the Corporate Transparency Act (CTA) could result in severe legal and financial consequences. The clock is ticking, with a mandatory deadline looming on December 31st, 2024.

Darren outlines the exact information required, elucidates the filing process, and highlights the grave penalties for non-compliance. By addressing potential pitfalls and providing actionable advice, Darren ensures your law firm can navigate this federal mandate effectively.

Darren discusses:

• How to discover if your law firm meets the CTA’s reporting criteria.
• The beneficial ownership information that must be collected and disclosed.
• How to submit your report accurately and promptly via Fincen secure online portal.
• Effective ways of resolving disputes regarding beneficial ownership.
• How to protect your sensitive information when filing your report.

 

Resources:

• Schedule a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz
• Website: Fincen

 

 

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On this episode of The Lawyer Millionaire Podcast, host Darren Wurz provides an in-depth analysis of year-end tax planning for law firm owners. Darren covers a range of strategies from maximizing retirement contributions to effectively managing income fluctuations and making charitable donations. He also highlights the importance of avoiding common tax pitfalls, ensuring that listeners are fully equipped to reduce their tax liabilities and enhance their wealth accumulation efforts.

Are you prepared to take full advantage of every potential deduction and tax-saving opportunity?
This episode is a must-listen for any law firm owner aiming to fortify their financial strategy before the year’s end.

Darren discusses:

• Top retirement contribution tactics to reduce taxable income.
• The secrets behind strategic Roth conversions.
• Strategies for deferring income or accelerating expenses based on your yearly financial performance.
• How to optimize your high-income years with donor-advised funds and qualified charitable distributions.
• Commonly overlooked deductions like home office expenses and health insurance premiums.

 

Resources:

• Schedule a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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In today’s fiercely competitive legal industry, maintaining a robust online presence is crucial. However, with the rapid introduction of AI technologies, your SEO strategies might be at risk.

On this episode of The Lawyer Millionaire Podcast, host Darren Wurz and digital marketing expert Kevin Daisey uncover how AI could potentially harm your law firm’s SEO efforts and the steps you need to take to protect your digital footprint.

Kevin discusses:

• Why law firms need a specialized, user-friendly web presence.
• Effective strategies for targeting specific client demographics.
• The evolution of content marketing in 2025 and beyond.
• Balancing organic SEO and paid strategies
• Google’s latest algorithm updates and their impact on your digital strategies.
• Real-world case studies on the risk of excessively relying on AI generated content.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

 

Connect with Kevin Daisey:

• Linkedin: Kevin Daisey
• Instagram: array.digital
• Youtube: Array Digital
• Website: Array Digital
• Podcast: The Managing Partners Podcast

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Are you struggling to manage your law firm’s growth amidst the chaos of daily operations and client demands? In our latest episode of “The Lawyer Millionaire Podcast,” we uncover the secrets to building a thriving law practice with Jon Groth, owner of Groth Law Firm. Discover how Jon transformed his firm from a solo practice to a 30-person powerhouse using the Entrepreneurial Operating System (EOS).

In this episode, Jon Groth sits down with host Darren Wurz to discuss his journey from a basement start-up to an expanding law firm looking for new office space. Jon shares how implementing the EOS has revolutionized his business, enabling better delegation, efficient processes, and a supportive team structure. He dives deep into the day-to-day operations of running a 30-person law firm, emphasizing the importance of structured meetings, regular performance reviews, and proactive case management.

 

Jon discusses:

• His strategic approach to planning and delegating operational tasks.
• The power of weekly EOS meetings and scorecards to track key performance indicators.
• His shift from financial targets to actionable steps that boost revenue.
• Insights on managing cash flow in personal injury law and improving case handling efficiency.
• Key strategies for building trust within his team while avoiding micromanagement.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

 

Connect with Jon Groth:

• Linkedin: Jon Groth
• Facebook: Groth Law
• Podcast: Groth Gets It podcast
• Website: Groth Law

 

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As a busy law firm owner, do you find yourself constantly putting off financial planning? Maybe you already have an advisor, or you think you’ll dive into the nitty-gritty of your finances “when the time is right.” These well-intentioned delays might be costing your firm more than you think. Join us on this eye-opening episode of The Lawyer Millionaire podcast, where host Darren Wurz breaks down the top excuses law firm owners use to avoid hiring a financial planner—and why those excuses are hurting your bottom line.

Darren discusses:

• Why integrating a new financial planner with your existing advisors can enhance and streamline your wealth strategy.

• How his flat monthly fee offers unparalleled value compared to industry standards.

• Overcoming the myth that comprehensive financial planning requires an enormous time investment from you.

• How automated systems and expert oversight can take the heavy lifting off your shoulders.

• Why waiting for the “perfect” time to start financial planning is a trap, and what early adoption can do for your financial health and peace of mind.

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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Are you a law firm owner struggling with financial planning that just doesn’t seem to fit?

On this episode of the podcast, host Darren Wurz takes listeners through his personal story—leaving a stable teaching career to embrace the rocky road of entrepreneurship in financial planning. But he didn’t stop at just building a business; Darren found his niche working solely with law firm owners, who, he realized, were severely underserved by traditional financial planning methods.

Filled with anecdotes, hard-learned lessons, and industry insights, this episode delivers a compelling argument for why law firm owners deserve bespoke financial services.

 

Darren discusses:

• His transition from education to financial planning and the lessons learned along the way.
• The common financial challenges law firm owners face.
• Why traditional financing models fail law firm owners.
• The benefits of a flat-fee, value-driven monthly membership model designed specifically for law firm owners.
• Success stories of law firm owners who’ve transformed their financial landscapes.
• Actionable financial strategies tailored to your specific needs.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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As election season approaches, the inclination to let political developments sway your investment decisions becomes almost irresistible. However, the consequences of doing so could be financially detrimental. In the latest episode of The Lawyer Millionaire Podcast, host Darren Wurz unpacks why keeping political considerations out of your portfolio strategy is imperative for long-term financial success.

Darren discusses:

• The startling difference in returns if you had only invested during Republican or Democratic presidencies versus ignoring politics altogether.
• Emotional biases that lead to poor financial decisions.

• Real-life examples showing the resilience of the market despite political turmoil.

• The importance of diversification, long-term focus, and rebalancing your portfolio.
• Why market fundamentals like corporate earnings and global economic trends matter more than who is sitting in the Oval Office.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz
• Investing based on politics is a bad idea for your portfolio

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In a landscape where the billable hour increasingly feels like a relic of the past, could there be a more efficient and lucrative way to run your law firm?

On this episode, guest Mathew Kerbis details the numerous advantages of shifting from the traditional billable hour to a subscription-based model. As the founder of “Subscription Attorney LLC,” he shares his experience in establishing this new paradigm, highlighting its financial benefits and operational efficiencies. Matthew explains how this model has enabled his firm to achieve predictable revenue streams, significantly lower operating costs, and enhanced client engagement.

 

Matthew discusses:

• How he established his subscription model law firm with just $5,000 in the first year.
• The importance of recurring revenue, which now constitutes about 60% of his firm’s income.
• Effective strategies for targeting underserved and small business markets with affordable legal services.
• How subscription pricing enhances transparency and client trust.
• The critical role of technology in optimizing service delivery and efficiency in law firms.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

 

Connect with Matthew Kerbis:

• Linkedin: Matthew Kerbis
• Press Kit: Matthew Kerbis
• Website: Matthew Kerbis
• Website: Subscription Attorney

 

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Are you ready to take your law firm to the next level? In this engaging episode of The Lawyer Millionaire Podcast, host Darren Wurz dives into the crucial topic of business planning and its transformative impact on law firms.

A robust business plan is not just a document; it’s a strategic tool that directs your firm’s growth, enhances profitability, and ensures long-term stability. This discussion illuminates how a well-structured plan can potentially elevate your firm’s profits by 70%, securing a clearer, more prosperous path forward.

 

Darren discusses:

• How to establish your core values.
• Crafting a purpose statement that captures your firm’s essence.
• How to identify and define your niche to outshine your competition.
• How to set measurable milestones and track KPIs to ensure continuous growth
• Enhancing sales efficiency while prioritizing client interests
• Engaging ideal clients for sustained growth

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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Is your law firm’s growth stalled at the planning stage? It’s time to transform those strategic ideas into actionable steps. On this crucial episode of The Lawyer Millionaire Podcast, host Darren Wurz explore the fundamental necessity of relentless execution for law firm success.

Darren discusses:

• The importance of vision.
• The four critical elements of relentless execution.
• How to ensure that all your team are on the same page and working towards common goals.
• Why you need to establish a consistent execution rhythm.
• How to create a culture of accountability.
• Insights from the execution successes and failures of companies like Apple, Tesla and Kodak.

 

Resources:

• Book a Call with Darren
• Wurz Financial Services
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
• LinkedIn: Darren P. Wurz

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