SMB Attorney @SMB_Attorney Twitter profile | Pikagi

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SMB Attorney

@SMB_Attorney

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Eric Pacifici | Helping folks buy, sell and operate enduringly profitable businesses at @SMBLawGroup & @theSMBCenter | @Kirkland_Ellis & @GibsonDunn | @dukelaw

Florida, USA

https://t.co/7pMhZCdBgs

Joined August 2021

Don't wanna be here? Send us removal request.

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@SMB_Attorney

SMB Attorney

4 months

Welcome to all the new followers coming from the CloudFlare debacle! Here's a quick introduction: I'm the co-founder of @smblawgroup , a boutique transactional firm that is arguably the first social-media-driven law firm. Here's how it happened... A few years ago, in…

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@SMB_Attorney

SMB Attorney

1 year

Our youngest son suffers from a rare form of pediatric epilepsy called Doose Syndrome. He’s been seizure free for about 3 months and today he’s undergoing a 24-hour EEG to see if the seizures are gone. We would appreciate any prayers or positive vibes we can get 🙏🤞

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1 year

I’m a lawyer. I use ChatGPT daily. I feel like causing some chaos in my profession. The following is PART ONE of a series I’m calling: “Things ChatGPT can do right now that (maybe) you no longer need to pay lawyers for!” [*Please see the disclaimers at the end]

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4 months

Getting fired is tough, but it’s important to handle it with dignity. Firing someone is also hard, requiring compassion and respect. Total disaster on both sides here.

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1 year

$7 trillion of Baby Boomer businesses will be sold by 2030. A quick and dirty guide to buying one:

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1 year

I’m a lawyer. I use ChatGPT daily. I’m feeling like causing some chaos. Should I burn down my own profession and write a thread showing you all the things it can do *right now* that you no longer need to pay us for?

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1 year

Lawyers we must kill this technology immediately! Someone call Congress and make it illegal.

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9 months

The interesting part of the “Penn-Disney-Barstool” transaction in a nutshell: Disney basically told Penn “we’ll acquire (rescue) you, but you gotta lose Portnoy and Barstool.” Portnoy knew he had Penn over a barrel. No divestiture of Barstool meant no deal with Disney. So,…

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15 days

The capital gains rate should be 0% Property tax… 0% Estate tax… 0% Income tax… 10% flat Encourage investment, actually own your property and legacy, simplify things, start over from scratch with government spending. Here’s a bad chart for illustration:

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I don’t want to pay capital gains tax on invested money that was already taxed. I don’t want to pay property tax on the home I “own” forever. I don’t want to pay estate tax when I die on what I’ve saved. I understand we’re now stuck with these. But, they make zero sense.

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@SMB_Attorney

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4 months

This is real footage from my Ring doorbell. Who doesn’t love living in an HOA? Geez!

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3 months

POV: An entrepreneur takes a vacation and can’t shut his brain off.

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1 year

As you get older, you’ll realize that the $5,000 watch and the $100 watch tell the same time. The expensive wallet holds the same amount of money as the inexpensive one. A $2 million house and a $300 thousand house host the same loneliness. A Ford will get you just as far a…

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4 months

Easily, the most underrated part of the entire U.S.

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1 year

$7 trillion of Baby Boomer businesses will be sold by 2030. But where do I find one (like this one) to buy? A thread:

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14 days

Capital Gains: You’ve worked, paid taxes on the wages, chosen to delay gratification by investing the post-tax money (stimulating the economy/risking losing the money). Then when it works out, the government wants to tax you again at 44%? Encourage this; don’t punish it.

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3 months

Elon’s ex-wife on how he gets ahead by saying “no.” This is something I struggle with.

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2 months

She's not alone. I talk to multiple people daily—men and women—who are exploring entrepreneurship to escape what she refers to as “the Millennial Hamster Wheel”—a pursuit of career advancement that leads to lifestyle inflation and ultimately, a loss of control. Adding…

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3 months

I found Colorado to be a hard place to live for someone accustom to the East Coast. Even harder than Dallas. Many people are surprised by this and only see the beauty. Why? Incredibly extreme weather. It’s very hot in the summer. Very cold in the winter. It will snow…

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4 months

I can’t begin to tell you how many times I get to the end of a carefully curated DoorDash order only to cancel and walk away because I’m not a lunatic and can’t justify paying $27 for an $8 burrito.

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2 months

As a kid, I thought my parents were being fun and spontaneous by ordering pizza during the week. I now realize they were simply trying to survive the day.

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4 months

I’ve changed my mind. She will have endless career opportunities from this video. We've now become familiar with Cloudfare. It's a win for everyone involved.

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4 months

This region of the United States (the "Texas Triangle") is poised to experience (1) the most significant economic expansion and (2) the largest surge in land values over the coming century. There is no more impressive U.S. grouping than DFW, Houston, Austin and San Antonio.

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1 year

I haven’t talked about this publicly, but it’s been 265 days since we got a terminal misdiagnosis of X-linked ALD for our 1-year-old, which meant there was a 50/50 chance our 4-year old was also dying. My whole family was dying or so we were told. The doctors were 100%…

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3 months

When you support a small business, this is who you’re supporting.

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2 years

1/ The greatest wealth transfer in the world's history has begun. An estimated $70 trillion. It's not crypto, the stock market, or real estate. We're still in inning one, but word is spreading FAST! I'll show you how you can get your piece of the pie below. A THREAD:

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3 months

A hill I’ll die on: This generation of dads are going the extra mile.

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1 year

This BigLaw firm finally said the quiet part out loud: Nothing matters but the firm and generating billables. Your family. Your health. You. Doesn’t matter. Just bill. “24/7” “No excuses”

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1 year

$7 trillion of Baby Boomer businesses will be sold by 2030. But only the rich can afford to buy one, right? Not so fast. Nearly anyone can! A guide to finding the money:

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4 months

@bch1986 I’m with her, also, and agree. I’m just not sure arguing does anything productive, and posting on the internet is crazy.

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3 months

I actually think they're doing pretty well? - $1.5 million house - saving regularly - luxury vehicles - great childcare - 3x yearly vacations - twice monthly date nights - large charitable contributions - ample life insurance What are we complaining about?

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4 months

😂

@Cloudflare

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Here’s to a New Year! Grateful to have been named one of the 2024 Best Places to Work w/ @BuiltIn in Austin, Chicago, DC and San Francisco. We are hiring for in-office, remote and hybrid opportunities across multiple locations - . #BPTW2024 #2024BuiltInBest

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4 months

The San Francisco hate is overblown. This city is a modern miracle.

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4 months

For those asking, this is what the boxes say. I was just trying to do my slice!

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5 months

I am literally begging you guys to stop posting your tax “tricks” publicly.

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1 year

I’ll say this more succinctly. The goal for 99% of entrepreneurs is to grow “Bob’s Plumbing & HVAC” to $1.5 million in earnings not start the next Uber. And it’s not as risky as Corporate America wants you to believe.

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6 months

Grant Cardone has ruined an entire generation of otherwise normal people.

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10 months

Rushing to board a plane early has always seemed odd to me. Doesn’t it just mean more time on the plane?

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1 year

Part One “Researching and analyzing simple legal business disputes” This use case might save you thousands. Let’s go!

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1 year

It’s Friday in the ‘90s. You and your friends are out riding bikes while the parents have drinks two houses down. Pizza is coming. You’ll probably stay the night at your buddies house and play video games until the morning. Fireflies still exist and life is good.

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1 year

4 - Enter ChatGPT Here we go! You start by framing the question. Your results are only as good as your prompt. “Garbage in, garbage out!” A good prompt includes the following: 1. Issue - clearly define it 2. Facts - provide relevant background 3. Rules - state…

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4 months

Why have US lift tickets gotten so expensive? Vail Resorts owns half of this list.

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1 year

I met a guy during last night’s St. Patty’s festivities that made his fortune producing and leasing, of all things, pallets. There are mundane millionaires everywhere, making boat loads of money with basic everyday things we all take for granted.

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1 year

PART TWO! 🚨 I’m a lawyer. I use ChatGPT daily. I feel like causing some chaos in my profession. The following is PART TWO of a series I’m calling: “Things ChatGPT can do right now that (maybe) you no longer need to pay lawyers for!” [*Please see the disclaimers at the…

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17 days

I’ll say it again for the millionth time: Fixing healthcare would be a massive economic boost to everyone except the insurance companies. The number one reason, by far, that people forgo starting businesses is fear of giving up employer-based insurance. Tag your congressman.

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1 year

A friend has rolled up four Porta-Potty cos since 2018 and is making a fortune. A $24 billion market, with 30 to 50% margins. “I’m not a smart man, but I know everyone poops.” There are mundane millionaires everywhere, making boat loads of money with basic everyday things we…

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6 months

@bradford_hardin From an employer's perspective, you might view these people negatively. That makes sense from the narrow perspective of the employer-employee relationship. These people, however, are typically one or more of three things: 1. They are opportunistic, 2. Should be an entrepreneur…

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1 year

To the goofball lawyers sending me DMs: Adapt or go the way of the phone booth repairman. The genie is not being put back into the bottle.

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2 years

$7 trillion of Baby Boomer businesses will be sold by 2030. A quick and dirty guide to buying one. With guest input from @chrisxmunn !

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1 year

There’s an entire generation of Americans who no longer care about prestige, titles, work travel, fancy offices and lunches. They want a little money in the bank, to control their time, and invest in building great families and lives.

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2 years

A lawyer dies and goes to Heaven. "There must be some mistake," the lawyer argues. "I'm only 55." "According to our calculations, you're 82." says St. Peter. "How'd you get that?" the lawyer asks. Answers St. Peter, "We added up your time sheets."

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5 months

There will always be someone further along than you 🤷‍♂️

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1 year

The smartest students graduating from the best schools no longer want to go to Wall Street and kill themselves. They want to buy and operate boring, small businesses that print money. Wharton, Harvard and Stanford grads buying cabinet repair and cleaning cos in random U.S. towns.

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30 days

At 18, I moved from Detroit to intern with Disney. Every morning, as I drove to my job as a lifeguard at a waterpark, passing under this sign, and I'd think to myself “this is so cool!” Over time, I noticed other interns began to see our extraordinary experience as mundane,…

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1 year

A friend of mine from law school applied on transfer to Duke (a top-10 school) after his first year at a lower-ranked law school with worse employment statistics. Transferring law schools is rare and Duke only takes a handful of transfers each year. Duke denied his application.…

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1 year

Before law school, I worked with a bunch of sales bros with low-tier state school educations who made good money, drank a ton of Red Bull, bought stocks they knew nothing about, and owned McMansions in the suburbs. Those dudes were 10/10 happy. After law school, I worked with…

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4 months

He owns $46 million in real estate that he “bought without using any of [his] own money.” Monthly debt service $130k against $160k in rent revenue. What could go wrong?

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5 months

The Detroit Lions just won their first division championship in 30 years. I laughed at this introductory press when Dan Campbell took the job. He delivered. Leadership matters.

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9 months

Guys, let me save you a lot of trouble: A brewery is a mid-life crisis; not a business.

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4 months

For those of you saying pizza boxes aren't recyclable... I think Dominos knows *a teensy bit* more about pizza boxes than you!

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21 days

Incredible or am I missing something?

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18 days

Our healthcare system is nuts. In October 2022, my son had genetic testing done, the provider quoted us ~$500. In January 2023, our insurer paid the testing co ~$34,000. In April 2024, we received a bill for the residual in the amount of ~$10,000. How should I approach…

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10 months

A year ago today, during the holiday, my son’s MyChart was updated with the most devastating news imaginable. "Indicative of X-linked adrenoleukodystrophy." We were informed that our son was dying from a rare genetic disorder through an electronic note, delivered on a holiday…

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1 year

There’s an entire generation of Americans who no longer care about prestige, titles, work travel, fancy offices and lunches. They want a little money in the bank, to have more control over their time, and invest in building great families and lives.

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8 months

The absolute best person to be in American society is a mundane millionaire owner of a privately held company. It’s not athletes, politicians, public company CEOs, doctors or lawyers. Here’s why: • unlimited earnings potential • complete control over time • little public…

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1 year

The absolute best person to be in American society is a mundane millionaire owner of a privately held company. It’s not athletes, politicians, public company CEOs, doctors or lawyers. Here’s why: • unlimited earnings potential • complete control over time • little public…

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1 year

Older Dads of Twitter, what advice would you give to your younger self about raising a family? More kids, off grid, different discipline style, no tech, suburbs, how to spend time, whatever… Tell us young guys what’s up?

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1 year

A friend of mine billed 2,400 to 2,800 hours every year for 7 years. Was repeatedly told he was on partner track and to stick it out the 8-9 years. He fought tooth and nail to bill 1,900 hours last year because of market conditions in M&A. He has 90 days to find a new job.

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1 year

Life expectancy is 78 years. Retirement age is 67. 50 years of work for 11 years of freedom. Start enjoying life now.

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11 months

When I was a kid, I thought my parents were being cool when they’d order pizza on a random weekday. Now I know they were just trying to survive the day.

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1 year

One final note on 2022 — Last year, I quit probably the highest paying firm in the world to co-found a firm based (if I’m being honest) entirely off Twitter. It was insane, but it’s been a smashing success and a ton of fun. You can do anything you want. Just fucking do it.

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10 days

This made me laugh.

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2 years

You can’t make this up. Our HOA budgeted $1,000 for K-Cups in 2022 and spent SEVEN THOUSAND DOLLARS. Next year they’re aiming for a paltry $4k. I went to visit this majestic golden Keurig and here’s what I found…

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1 year

A friend with a corporate job texted to vent just now. He got called back to the office last month. Today he commuted 90 mins round trip just to sit in the office on Zoom with clients and colleagues (some of which in the same building). He didn’t interact with one person.

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8 months

A friend of mine from law school applied on transfer to Duke (a top-10 school) after his first year at a lower-ranked law school with worse employment statistics. Transferring law schools is rare and Duke only takes a handful of transfers each year. Duke denied his application.…

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1 year

Quarterly reminder, don’t call anyone “buddy” unless they’re under the age of 5. 7/10 people get really irritated.

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1 year

I believe ChatGPT is going to wreck havoc on knowledge workers and legal services. But someone please explain how residential realtors have survived this long?

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10 months

I don’t know who needs to hear this but THIS is the Midwest

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11 months

I’ve been thinking about this constantly for a few days 🤯

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2 years

1/ The greatest wealth transfer in the world's history has begun. An estimated $70 trillion. It's not crypto, the stock market, or real estate. We're still in inning one, but word is spreading FAST! I'll show you how you can get your piece of the pie below. A THREAD ⬇️

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1 year

6 - The Prompt (cont) Use ChatGPT to perfect your prompt! We know the issue, the facts and our goal. But what rules apply? Let’s ask ChatGPT!

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18 days

Our tipping culture has gone bananas. Someone said the new rule is “you only tip if you’re sitting down.” How do you think about tipping?

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11 months

Under the current system of forever taxation, you never truly own real property. The Constitution should be amended to create a pathway for each individual to fully satisfy its obligation to society and no longer have to pay property taxes.

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9 months

If Texas and California had a child, it would be Florida. With California’s weather and beaches, and Texas’s business and tax-friendly climate, it attracts more billionaire residents and tourists than anywhere else. How is Florida not universally recognized as the best state?

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6 months

I’ve been sick for over 2 months now. My respiratory system is toast. Strained back from coughing. Modern medicine hasn’t helped. My 90+ yr old Italian grandpa sent this, with the ingredients. Great man. Loves his family. Excellent health. Never misses. Here goes nothing!

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2 years

My wife and I paid back every penny of our $250k in student loans. It was grueling and took years of hard work and sacrifice. A few people close to us are having their student debt forgiven and we couldn’t be happier for them.

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1 year

@Jason And probably divorce, alienated relationships with your kids, and poor physical and mental health. But, yes, you’re going to slay the competition!

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1 month

There should be an entire class in law school where you spend 15 weeks arguing with a 65-year-old man over objectively provable facts. He says things like, “in my 40 years of practice, the sky has never been blue” and you have to argue with him. They can call it “Practicing Law.”

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4 months

I am once again begging you to stop confessing to financial crimes on social media.

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9 months

A powerful and growing economic trend that is not being talked about: Call it the rise of the “Neo-Entrepreneur.” Americans aged 25 to 45 years, especially those with kids, typically having 5 to 20 years in corporate and a meaningful amount of savings, are exhausted with…

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1 year

The smartest students graduating from the best schools no longer want to go to Wall Street and kill themselves. They want to buy and operate boring, small businesses that print money. Wharton, Harvard and Stanford grads buying cabinet repair and cleaning cos in random U.S. towns.

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10 months

Just learned about Only Fans agencies. A young guy I know (21) is making a killing ($40k to $80k a month) managing a portfolio 3 to 5 OF models. He handles their social media and the chat feature on their OF account and takes a 30% to 50% cut of their overall revenue. Of…

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1 year

5 - The Prompt Draft One — Issue: Can I withhold my tenant’s possessions and sell them to recoup back rent? Facts: I own a storage facility. One of our customers is behind on rent and owes us $750. They’ve sent us a demand letter and want their possessions. Rules: I’m…

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10 months

Grand Rapids, Michigan is America’s best kept secret.

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1 year

Buying an established and profitable business is the lowest risk and fastest path into the top 1%.

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4 months

Plumbers in your local area make $200 an hour and are in limited supply but sure let’s keep pushing kids to go $150k in debt for an accounting degree.

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2 years

FYI, don’t call anyone “buddy” unless they’re under the age of 5. 7/10 people get really irritated.

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1 year

Life changes when you discover that a $100k investment in a small business could pay you between $30k (on the low end) and $83k (on the high end) in *passive income every year* thereafter forever.

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1 year

1 - Scenario You own a storage facility in Broomfield, Colorado. One of your customers is behind on rent and owes $750. You would like to withhold and sell their possessions to recoup the back rent. They’ve sent a demand letter and want their stuff. What now?

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10 months

My wife and I paid back every penny of our $250k in student loans. It was grueling and took years of hard work and sacrifice. When they announced student loan forgiveness, I tweeted that: “A few people close to us are having their student debt forgiven and we couldn’t be…

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SMB Attorney

1 year

Buying an established and profitable business is the lowest risk way of making it into the top 1%. But where do I find one (like this) for sale? A thread:

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