1090: Scott Arden

Thrive in Business

May 6

“LLCs, Lemonade Stands & Legacies”

Generational Wealth Expert & Corporate Advisory | Owning Your Own Company, or LLC | Compliance | Trusts | Company Startup | Life Insurance | Protect Your Assets | Record Book | Laws Regarding Owning Your Own Corp/LLC

What if you could legally pay your children $13,300 a year—tax free—and write it off as a business expense?

In this eye-opening episode of Thrive LouD, host Lou Diamond is joined by Scott Arden, CEO of Controllers Limited and architect of generational wealth strategies you probably didn’t even know existed. Scott pulls back the curtain on how smart entrepreneurs—and everyday business owners—can use corporations, LLCs, and trusts not just for tax savings, but to create lasting legacies for their families.

Key Highlights:

Unlocking Hidden Tax Benefits: Scott explains why most people pay way more in taxes than they need to—and how activating the right entity structure can give you access to literally hundreds more deductions.
Generational Wealth Moves: You’ll learn the surprisingly simple way to employ your children and set up tax-free retirement accounts for them, giving your family a head start on wealth-building.
Shocking Write-Offs: From paying yourself (and your kids) with “longevity” and “safety” awards to writing off your guard dog or turning vacation into business trips, Scott shares tips even savvy pros miss.
Succession & Legacy Planning: Discover why financial literacy and frank conversations matter if you want to avoid messy family battles and ensure your business and assets truly benefit the next generation.
Keeping Current With Tax Laws: Scott shares how he and his team stay on top of the ever-changing 76,000-page U.S. tax code, so you don’t have to.

Put the Lessons Into Action:

Assess Your End Goal: Are you building a lifestyle business or a generational empire? Start with a clear vision so you can reverse-engineer the right entity and strategy.
Review Your Write-Offs: How many of those 233+ corporate deductions are you missing out on? Look into how employing family, structuring business travel, or leveraging executive bonuses could benefit your situation.
Talk Legacy Today: Don’t put off crucial conversations with your heirs. Start talking openly about money, succession, and how you want your hard-won assets to be managed and enjoyed.

Ready to claim more control over your money and your family’s future? Take Scott up on his offer for a complimentary review by visiting controllersltd.com or reaching out directly—details in the episode.

Listen in and be prepared to say, “Wait…That’s deductible?!” This episode of Thrive LouD with Scott Arden will change the way you look at your business, your taxes, and your legacy.

Timestamped Overview

00:00 "Entrepreneurship Insights and Company Setup"

04:55 Choosing the Right Business Structure

06:32 Tax-Free Child Employment Benefits

11:04 Continuous Client Guidance and Education

12:59 Safety & Longevity Award Benefits

16:51 "Farm Negotiation Scene Analysis"

19:40 "Upward's Closing Message"

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