Profit, Taxes & Exit: The 3 Forces Shaping Your Law Firm’s Legacy — with Emil Abedian
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Profit, Taxes & Exit: The 3 Forces Shaping Your Law Firm’s Legacy — with Emil Abedian
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Profit. Taxes. Exit. Your future hangs in the balance. In this episode, Sasha Berson sits down with Emil Abedian, a 20-year accounting veteran, to talk profit, taxes, and the tough reality of scaling. From his early days in Sweden to advising multimillion-dollar firms in Los Angeles, Emil has seen it all. Today, he shares how law firm owners can borrow smart, hire faster, and plan their exit — while making tax planning more profitable!
📰 About Emil Abedian:
Emil Abedian knows what keeps law firm owners up at night — taxes, cash flow, and growth. As the founder and CEO of Counsel CPAs, this 20-year accounting pro helps law firm owners keep more of what they earn and exit richer. Emil also serves as CFO and board member of the Swedish American Chamber of Commerce of Greater Los Angeles and of the Mentor Foundation USA.
👉 Sasha and Emil explore:
— How to break free from the “high-paying job” trap
— How to budget, borrow smart, and scale from $2M to $5M
— How to make taxes (i.e., your #1 expense) actually profitable with strategic planning
— How a $10M firm used tax strategy to save $800K
— The three-year roadmap to exit your firm without getting crushed by a 40% tax hit
👉 Main Takeaways from the Episode:
— Fire yourself from daily tasks; your firm should run without you.
— Budget your growth: every $1M in revenue usually needs about $150K in marketing fuel.
— Meet your CPA quarterly, not yearly — tax planning only works before April.
— Start exit planning 3 years in advance to avoid handing 40% of your sale to the IRS.
If you enjoyed today’s show, please leave a review and subscribe so you never miss an episode. For more information and links to all of the resources mentioned in today’s episode, visit https://growlaw.co/
📞 Connect with Emil Abedian:
• Website: https://www.counselcpas.com/
• LinkedIn: https://www.linkedin.com/in/emilabedian
📞 Connect with Sasha Berson:
• LinkedIn: https://www.linkedin.com/company/grow-law/
• Instagram: https://www.instagram.com/grow_law/
• YouTube: https://www.youtube.com/@growlaw
• Facebook:https://www.facebook.com/growlaw
• Email: info@growlaw.co
• Phone: (312) 854-7724
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