While there is some overlap between an S Corporation and a Limited Liability Company in California, such as both will offer some personal liability protection and tax benefits there are some key differences.
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Business Lawyer Real Estate Client Orange County – Jordan Bennett (A Processed Video Transcription)
I think this year he has done about $25 million in sales and hopefully he’ll give you a little bit of an idea of the kinds of clients that I have and some of the businesses that he actually does. I hope you enjoy the interview.
Andrew Gale- Business Lawyer Orange County California
Andy: Tell us a little bit about what you do.
Jordan: I am a real estate broker focusing in the residential area. I help people buy and sell real estate; and work with buyers, sellers, and investors.
Andy: Where do you do that? We’re in Orange County, California. Is it all over the county or just some place specific?
Jordan: I’ve got a fantastic referral network through Keller Williams, so I’ve interacted with clients across the country. Personally, I live and work primarily in South Orange County California.
Andy: Alright. So tell us how you got started. You seem to be a young guy. I know you’ve got a lot of traction in the market which we will get to in just a second, but where did all start for you?
Jordan Bennett – Orange County’s Preferred Realtor Testimonial Videos
Jordan: I started my career in accounting and realized pretty quickly that I wanted to be in the real estate field.
I think like most entrepreneurs I wanted the opportunity to work for myself, just have my own schedule, to have more opportunity, and ultimately to work with people. I wasn’t finding that in accounting and I stumbled across real estate. And now we’re looking at four years later.
Business Lawyer Client Jordan Bennett – Orange County California
Andy: So you’re sitting there as an accountant one day decided, “I need to have a little bit more interaction with people,” and you picked real estate; because that was another love of yours?
Jordan: They say sometimes things kind of happen to you in life and you end up with a completely different path ahead of you, and that happened to me.
I was working in accounts payable for a fellow in Malibu back in my college days and he was doing commercial real estate. He was buying and selling apartment buildings, fixing them up, and I became really intrigued with real estate.
I ended up getting my real estate license. And even though I went on practicing accounting, I did have a real estate license. So when I realized accounting was not for me, I kind of already had this background in real estate.
I figured it was a great jumping off point and I pursued it.
Being a Real Estate Broker – How He Started
Andy: How did you get started? What was the first step?
Jordan: It’s not about what you know it’s who you know. I ended up meeting a gentleman in real estate who became a friend of mine. He began to encourage me that real estate might be a good option for me. He shared some of his successes and I kind of shared with him what I was looking to do.
It was really through that relationship I ended up being recruited towards real estate. I started doing it part-time, moonlighting like many entrepreneurs. We realized pretty quickly that this was something that I really enjoyed, I was passionate about, and really saw a lot of potential in. It was in a short period of time that I went from part-time to full-time.
It was the best decision I ever made!
Andy: What was the thing that you needed to get started? Was it a capital thing or a location? What was the first step?
Client Jordan Bennett – Real Estate Broker
Jordan: The nice thing about being a real estate broker is you do not need a whole lot of capital to get involved.
I started doing it part-time to really see if there was enough potential business for me to quit my full-time job. But in terms of capital investment, it was minimal.
It was really making sure that the job description aligned with my personality style and really what I wanted to do. And it was a good fit.
The Biggest Challenge in Becoming a Real Estate Broker
Andy: What was your biggest challenge in getting started?
Jordan: The biggest challenge of getting started in real estate is really creating consistency. You wear a lot of different hats, like I’m sure you do as an entrepreneur in any different field. You’re wearing the hat of being in marketing, sales, customer service and in all these different arenas.
Learning how to manage all that, you know, you have these really great months and then you have more challenging months, so learning how to put systems in place to create consistency in the business.
Andy: If you’re going to talk to a potential new customer or client, how or what are the things that you would want that customer to know about you because I imagined it’s like a lot of things, there are a million business lawyers out there, a million realtors, and million different kinds of professionals.
What’s the particular thing that you would like a potential customer to know about you that they would think, “Jordan’s absolutely the Realtor for me.”
My Average Closing is 4 to 5 Transactions a Month!
Jordan: I learned early on that having a great value proposition is really what allows you to be successful, and so I always boil it down to four things.
1. I boil it down to marketing.
When I’m working with a home seller, I do more than any other agent I know to market that home for sale using all the latest technologies and all resources available to me to make sure that the clients I represent are going to be selling for top dollar.
2. Customer service is critical.
It’s communicating with the client, being available throughout the transaction. Thankfully I’ve come to a point in my business where I have enough past clients now that when I meet with a new client I’ve got this great big list of references that they can call, that people are going to be excited to share about what a great experience it was.
Being available to my clients after the transaction is over, you know, having that continued relationship, I still have clients from my first year who four years later that reach out to me should they need something even if it’s unrelated to real estate. A lot of times I’m the first call if they need a plumber or whatever it may be.
3. Negotiation is a big one.
Jordan Bennett California – I managed to be a very busy realtor
Knowing how to negotiate, being very honest in pricing, having a track record of my listing selling at or over market because of the strategies that I use and experience.
4. Experience.
I haven’t been in the business for 20 years but, in real estate, the great thing is it’s really an equal playing field.
Regardless if somebody’s in the business for 20 years or a year, you’re only as good as your last transaction.
I managed to be a very busy Realtor in the sense that when the average Realtor closes 3 to 4 transactions a year, this year my average closing is 4 to 5 transactions a month.
Having that kind of pulse on the market, knowledge of the purchase contract, I guess that’s my value proposition: the marketing, negotiation, customer service, and experience.
Andy: Were there any big successes in the last year that you could share with me? Just pick one.
Jordan: There have been some great ones. One of the most fun things about this business is looking back at each transaction and getting excited about what happened that was different about this transaction that I really added value to it and earned my keep.
A great one was working with an investor who was a contractor and I was able to put him into a short sale transaction in Laguna Niguel where he purchased a piece of property for about $380, 000 that had a significant amount of work to be done, and invested about $70, 000 into that property.
Today, two years later, that property is worth about $750, 000. I’ve put a lot of money in his pocket, so he’s a happy camper.
Every transaction has its own set of obstacles and hurdles that you have to overcome. So at the end of the day if we get through all that and it’s as seamless as possible and the clients are happy, that’s a success.
Andy: If somebody was interested in trying to reach out to you, how would they do that?
Jordan: I’m always available by phone, 949-282-9381. You can also find me on Yelp and Zillow. You can find me online on JordanBennettOnline.com.
You can also email me. I try to have a good web presence, so people can find me and see what I’m about online. It’s easy to find me there.
Andy: Fantastic!
If you have a business like this and need legal advice, choose Gale and Vallance Business Lawyers. We provide legal assistance for the success of your business. Click here to visit our website – Business Lawyer Orange County California.
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Andy Gale & the associates at Gale and Vallance were awesome in setting up the CA Professional Nursing Corp for ARF Admin Solutions. They were very responsive and knowledgeable from the start. Highly recommended!
George
01/01/2023
Business legal services
Gale & Vallance provided excellent business legal services. The firm was professional, prompt and prepared. The entire process of starting a new corporation was easy and affordable. They have my recommendation.
Raj
07/10/2022
Highly Recommend!!!
I met Andrew Gale through a mutual friend several years go. I was so impressed with their business practice that I made it a point to get to know the attorney to expand my own business. Several years later following their advice i am successful with my business endeavors and do not make any decisions unless i consult with them. Not only do they manage my corporations but also literally help 30 of my clients who use their services. Rare gems in the industry. Highly recommend Gale and Vallance.
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Incorporation Attorney
1820 W Orangewood Ave Ste 104a, Orange, CA, United States
This firm is excellent, efficient, reliable, with great valuable expertise and very thorough. Their dedication to providing great work and service is apparent in their kind, supportive, consistent great communication. Including providing consistent updates on new laws and regulations. Working with them and having them on my team, I have the confidence and reassurance that all services provided will be of great assistance and help to the continued positive growth and success of my corporation business along with the maintenance of keeping in compliance with and within federal state laws and regulations.
Hannah K
27/01/2024
A trusted colleague/friend of mine actually referred me to Andy's firm and I'm really grateful!
He and his team were incredibly prompt, informative, helpful, and patient (with inevitable questions that came there way by a new business owner like myself). With all the specificities it takes to create a business, this team was awesome in communicating with me and assisting me with navigating not only the needs to get the ball rolling but also how to keep it rolling and with tips to help with bank accounts and accounting packages (if I were to want to take those routes).
They were also very neutral in providing all the options possible and when I requested advisement or pros/cons, they were able to share these promptly and in a way that helped me choose what was best for me.
I'm glad to have worked with them and will continue to work with them
Courtnie L.
07/11/2023
I am so grateful for Andy Gale and his firm's help in getting my S Corp established. He has great expertise and I feel more at ease knowing everything was set up properly with their assistance!
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Incorporation Attorney
1820 W Orangewood Ave Ste 104a, Orange, CA, United States
Andy and his team were a pleasure to work with! As an LMFT opening a private practice, I was nervous and felt like I didn't know what I was doing. Andy did a great job at explaining everything step by step. I got off of our kick-off call feeling confident and ready to take the next step to opening a practice! I decided to go with a corporation for my private practice. Andy and his team are thorough and answered all my questions throughout the process. I was surprised how quickly everything was taken care of. They also sent me emails along the way, giving me updates. I will be using them for my yearly legal needs. 10/10 recommend!
Julie Eyssallenne
12/11/2023
Andy and his team of professionals are amazing to work with. Not only are they extremely knowledgeable and professional, but they are also very friendly and easy to work with. They will always be my go-to. I appreciate Andy and his team!
Z D
12/01/2024
I could not be more pleased, and frankly impressed with the expertise, attention to detail, follow-up and professionalism of the whole office staff. Andrew Gale Esq is extremely knowledgeable of his craft. His overall approach to corporation creation and management took any doubt or apprehension I had about the process.
Thank you so much for everything and I look forward to a long relationship with your legal practice.
Zouhair Kevin Daif, FNP, Nursing P. C.