1 Million Cups Business Spotlight | Kelly Smith, Tom Trtan, and Sativa Boatman-Sloan [intro music with Business Spotlight, Simmons Bank, and 1 Million Cups logos] >> TOM TRTAN: Welcome back to our 1 Million Cups Business Spotlight brought to you by Simmons Bank. Say Hello to Sativa Boatman-Sloan, Local Attorney. Nice to have you here. >> SATIVA BOATMAN-SLOAN: Thank you. >> KELLY SMITH: Great to see you. >> TOM TRTAN: Thanks for coming on. >> SATIVA BOATMAN-SLOAN: Thanks for having me. >> TOM TRTAN: Alright, your areas of specialty are Business Law and Elder Care Law? >> SATIVA BOATMAN-SLOAN: Yes, Elder Law and Estate Planning. Yeah, yeah. >> TOM TRTAN: Give us an idea of something ya know, when you talk about Business Law. Something that might come your way; something you would handle. >> SATIVA BOATMAN-SLOAN: Sure. Primarily we form a lot of LLCs. >> KELLY SMITH: Ooh. >> SATIVA BOATMAN-SLOAN: We do Corporation paperwork too but LLCs are usually the better formation for a business. So we tend to prepare that primarily and then just standard service contracts and service agreements. Somebody does something for a living and they have a customer and they want them to sign something. We help them just kinda legalize it a little more than they might do on their own. >> TOM TRTAN: Make sure it’s going to go the right way. >> SATIVA BOATMAN-SLOAN: That’s right. >> TOM TRTAN: LLC is also much easier to create than going Corporations and things like that. It’s a little easier isn’t it? >> SATIVA BOATMAN-SLOAN: Far easier to maintain as well - which, like ongoing-wise - so that’s a big deal. >> KELLY SMITH: It’s not a big process. >> TOM TRTAN: Yeah. But you still have to have it down the proper way. >> SATIVA BOATMAN-SLOAN: Correct. [laughs] Yes. It’s very helpful to do it right. >> TOM TRTAN: That’s where the attorneys come in. >> SATIVA BOATMAN-SLOAN: Yes. It’s very helpful to do it right. >> KELLY SMITH: Talk about your Elder Care and what kinds of things you cover with that. What are the things you see the most? >> SATIVA BOATMAN-SLOAN: Sure, I mean, we always have the typical estate planning. Just trying to make sure families avoid probate. >> KELLY SMITH: Mhmm. Yeah. >> SATIVA BOATMAN-SLOAN: I do probate and it’s just sad how I’m probating one thing. >> KELLY SMITH: It could have been so easy. >> SATIVA BOATMAN-SLOAN: They did such a great job with everything except for the one thing. So, we do that of course. And then pre-planning for potentially going to a nursing home one day. There are things we can do five years before you would want to apply for Medicaid. >> KELLY SMITH: Yeah. >> SATIVA BOATMAN-SLOAN: Sometimes people don’t realize Medicaid has a special nursing home program. It’s a little bit different than the health insurance side that most people are familiar with. >> KELLY SMITH: Mhmm. >> SATIVA BOATMAN-SLOAN: But it could pay for the nursing home but not if you have a bunch of money at the time you go. So there’s some pre-planning you can do. And then we also do something called crisis planning. There’s some last-minute gifting that can be done. People think nothing can be done. >> KELLY SMITH: Mhmm. >> SATIVA BOATMAN-SLOAN: There are some last-minute things that actually can be done if you are doing it strategically. >> KELLY SMITH: Do you find - I’m sorry Tom... >> TOM TRTAN: No. Go right ahead. >> KELLY SMITH: ...that people do typically plan way ahead ... >> SATIVA BOATMAN-SLOAN: No. >> KELLY SMITH: ...or are they more in crisis mode? [TOM TRTAN laughing] >> SATIVA BOATMAN-SLOAN: They’re more in crisis mode. >> KELLY SMITH: Yeah. I don’t know why we’re... >> SATIVA BOATMAN-SLOAN: We’re just not big planners. >> KELLY SMITH: Yeah. [laughing] >> TOM TRTAN: That’s one thing you hear. It can be too late at one time. >> SATIVA BOATMAN-SLOAN: Yeah, yeah. >> TOM TRTAN: So, it’s a good idea to do it when you’re healthy because you know it’s going to come sooner or later. >> SATIVA BOATMAN-SLOAN: Correct. >> TOM TRTAN: What got you into this type of law? Because there are so many, ya know... >> SATIVA BOATMAN-SLOAN: Right. >> TOM TRTAN: ...areas of specialty that you can be in. What got you into these? >> SATIVA BOATMAN-SLOAN: I preferred the clients I get to work with. Small business clients. You’re helping them. >> KELLY SMITH: Right. >> SATIVA BOATMAN-SLOAN: These families. Even if somebody is 30 years old and they’re doing their estate planning. You’re helping them avoid probate. >> KELLY SMITH: Right. >> SATIVA BOATMAN-SLOAN: And then, of course, working with the seniors has a special place in my heart too. >> KELLY SMITH: I wondered about that. Yeah. >> SATIVA BOATMAN-SLOAN: Yeah. But, I think really, just, I create documents that protect people under the law versus I used to do some litigation and I just didn’t love all the fighting and the angst associated with it. >> KELLY SMITH: Right. >> SATIVA BOATMAN-SLOAN: I didn’t feel like I was really helping. >> KELLY SMITH: Yeah. >> SATIVA BOATMAN-SLOAN: Even if you do a great job, I mean, you just don’t have that walking away feeling where every day loving what you do. So when I started…my own... >> TOM TRTAN: Maybe you see all that you’ve done a good thing for somebody. >> KELLY SMITH: Exactly. >> SATIVA BOATMAN-SLOAN: Exactly. I started my own law firm. I get to do whatever I want. >> KELLY SMITH: Well, there you go. >> SATIVA BOATMAN-SLOAN: So, I just practice the areas of law that I love. [laughing] >> KELLY SMITH: Really, just helping the folks. That feels really good to you. >> SATIVA BOATMAN-SLOAN: Yes. >> KELLY SMITH: So how did 1 Million Cups help you. >> SATIVA BOATMAN-SLOAN: Well, really, where advertising has helped me is with the estate planning and elder law side but the businesses. How do you find business owners and advertise to them when they’re not business owners yet? >> KELLY SMITH: Right. >> SATIVA BOATMAN-SLOAN: They have formed yet. How do you get them before they’re a business owners? So when they think of the idea with their entrepreneurial spirit, they know to come see a lawyer. >> TOM TRTAN: Mhmm. >> SATIVA BOATMAN-SLOAN: So, how do you catch them before? So I went there and I presented because a lot of them are small businesses or they did work with small businesses. People that go to 1 Million Cups tend to be in one category or the other. And, I asked them how do I reach them before they’re a small business? >> KELLY SMITH: That’s really smart. >> SATIVA BOATMAN-SLOAN: Because I need to help them become one. >> KELLY SMITH: Mhmm. >> TOM TRTAN: Yeah. >> SATIVA BOATMAN-SLOAN: Sometimes it’s too late after. >> KELLY SMITH: Right. >> TOM TRTAN: I was going to ask - is it a good idea if you say, you know, I’ve got an idea, I would like to do, is that the start? Is this the time to start thinking of an LLC and all of that stuff? >> SATIVA BOATMAN-SLOAN: You definitely need to start seeing your CPA and your Attorney when you’re, maybe not when, I just got an idea, but when you’re ready to start thinking about… >> KELLY SMITH: When you’re ready to move forward with it. >> SATIVA BOATMAN-SLOAN: ...the money side and the legal side of it. So they had some great ideas. Just places I could go speak to people I could connect with. It gave me some thoughts. I think I might do some presentations and maybe workshops - something like that - in the future to capture people from the get go. >> KELLY SMITH: Community is always helpful. >> SATIVA BOATMAN-SLOAN: Yes, Oh absolutely. Especially ours. I think they just care a lot more about helping each other. >> TOM TRTAN: Well, if people want more, ya know, information about the services that you provide how do they get that? >> SATIVA BOATMAN-SLOAN: Law Office of Sativa Boatman-Sloan at www.417lawfirm.com >> TOM TRTAN: Very good. >> KELLY SMITH: Thank you Sativa. Nice to meet you. Awesome. >> SATIVA BOATMAN-SLOAN: You’re welcome. >> KELLY SMITH: Alright. The Hootenanny is this Saturday and Ha Ha Tonka is here with the details. Stick around. Ozarks Live will be right back. [exit music performed by the Ha Ha Tonka band]