← The Veteran Entrepreneur Masterclass Podcast
Feb 16, 2023 · 57 min
Businesses face a multitude of legal challenges on a daily basis, from contracts and negotiations to disputes and lawsuits. With the increasing complexities of today's business world, how can businesses protect their interests, minimize risks, and make informed decisions that positively impact their bottom line? In this episode, Brett Henderson and Giselle Cayme sit down with Louis "Dutch" Schotemeyer, a Partner at Newmeyer Dillion's Newport Beach office, to share tips and lessons in entrepreneurship. Dutch also talks about the importance of legal counsel for businesses and how having a knowledgeable lawyer can help prevent potential legal issues, protect a company's interests, and ensure that all operations comply with the law. Dutch Schotemeyer is a seasoned litigator who works on all types of general liability and complex commercial disputes. He leverages his litigation experience to provide clients with front-end legal advice in various potentially litigious situations, including contract drafting, contract negotiation, employment issues, insurance policy placement, daily operations, and advice to C-Level executives. His experience as a corporate attorney, providing risk management and related advice to a variety of clients, including developers, contractors, landlords, and other real estate professionals, is invaluable to those clients who need help maintaining their in-house legal staff. In This Episode 02:41 - Backstory of Dutch Schotemeyer 09:37 - How California deals with small businesses 13:31 - What makes people want a fractional general counsel 17:01 - The rate Dutch charged for his services 22:02 - What it takes to establish an LLC 27:04 - The top three insurances that a new business owner should have 31:33 - Dutch recommendation for anyone who wants to start their own business 35:45 - What EPLI is and why you need it in California 38:21- The trends Dutch sees in the business landscape 46:47 - The two things Dutch would recommend to help mitigate risk Favorite Quotes 13:42 - "Most people come and call the lawyer once the milk is spilled" - Dutch Schotemeyer 20:57 - "The penalty for failure in California is high if you mess up with your employees. Many people don't understand the risk they're taking, and they should at least understand and know what that is." - Dutch Schotemeyer 41:33 - "If you can run your business without a partner, you are better off doing it." - Dutch Schotemeyer Connect with Louis "Dutch" Schotemeyer LinkedIn Newmeyer Dillion Connect with Brett Henderson: 310-491-7975 Swe90.com LinkedIn: Brett Henderson Strategic Wealth Endeavor Listen to The Veteran Entrepreneur Masterclass Podcast Apple Podcast Spotify Google Play Readers of this website and listeners to this podcast should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client relationship between the reader, user, or browser and website authors, contributors, contributing law firms, or committee members and their respective employers. The views expressed at, or through, this site are those of the individual in their individual capacities only – not those of their respective employers, the Bar Association, Company, or Partners. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this posting is provided "as is;" no representations are made that the content is error-free.