In this episode of Business Talk with Meghan McNulty, she speaks with Brian McNulty, former CEO and seasoned advisor to business owners, for a candid conversation on the risks many entrepreneurs overlook — and strategies that can protect their wealth. beyond the business.

They explore:  Why business owners often concentrate too much wealth inside the company or in real estate  How shifting from earned income to passive income opens up new freedom and flexibility  Why formal, written succession and transition plans are essential to protecting both business value and personal wealth  The critical need for integrating legal, financial, and operational plans into a cohesive strategy.

Key Takeaways:  Business success ≠ personal financial security — Without careful planning, your personal wealth can be overly exposed to business risks.  Passive income is key — Building income streams outside the business creates more options and freedom.  Liquidity matters — Real estate-heavy wealth can create cash flow challenges when you need to transition or pass assets.  A written plan protects everyone — Succession and exit plans need to be more than just ideas — they need to be documented, coordinated, and actionable.  It’s never “set it and forget it” — Your financial, legal, and operational plans need regular updates as your business and life evolve.

About Meghan’s Guest Brian McNulty brings over four decades of experience helping business owners navigate critical transitions — from ownership changes and succession to expansions and mergers. As a former CEO himself, Brian deeply understands the challenges leaders face and offers practical, strategic financial guidance designed to support long- term success.

He is a Chartered Financial Consultant (ChFC®) and Chartered Life Underwriter (CLU®), holding Series 6, 7, 24, 63, and 65 Securities Registrations. As a member of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC, Brian provides access to innovative solutions tailored to the evolving needs of businesses in transition.

Disclaimer: Securities offered through Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency LLC, CA Insurance Lic# 0644976), member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Tax & Financial Group is independent of Cetera. |4001 MacArthur Blvd., 3rd Floor | Newport Beach, CA 92660

20240400202 DOFU 04/2024 Want to connect with Brian or explore strategies for your business transition? Book a. discovery meeting or follow him on LinkedIn.

In this special guest feature, Meghan McNulty joins the Full Count Podcast to unpack the estate planning mistakes she sees most often—from relying solely on a will to overlooking how trusts and LLCs actually work.

Drawing from her background as both a business owner and estate planning attorney, Meghan breaks down the 3 levels of estate planning, how to avoid costly probate, and why legal strategy—not just documents—is key to protecting your family, your business, and your legacy.

Whether you're a homeowner, entrepreneur, or building multi-generational wealth, this episode will help you rethink your approach to estate planning.

Key Topics:  Why a will alone won’t keep your family out of court  What a revocable living trust actually does—and who needs one  The difference between liability protection (LLCs) and probate protection (trusts)  How to prevent family fights over inheritance  What happens if you become incapacitated—and no plan is in place

Listen now to get ahead of the curve and protect what you’ve built.

About the Host: Andrew Vargas Andrew Vargas is a Southern California–based realtor, entrepreneur, and host of the Full Count Podcast—a show that explores high-pressure moments in life and business with real people and real conversations. With a background in real estate and a passion for leadership and networking, Andrew brings a grounded, relatable voice to topics that matter—from personal growth to legacy planning. His goal? To help listeners navigate pivotal decisions with more clarity, confidence, and connection.

On this episode of Business Talk with Meghan McNulty, IP attorney Omid Khalifeh joins Meghan to explore how founders, creatives, and even physicians can (and should) protect their intellectual property—from brand names and inventions to digital content and trade secrets.

Whether you’re building a business or building wealth, your intellectual property is part of your legacy. Meghan and Omid break down:

• The critical mistakes founders make by skipping early trademark and patent protection
• Why you don’t need to “build it” to protect it—and when your ideas become vulnerable to the public domain
• How social media influencers, doctors, and celebrities are turning their names into protected assets
• The role of patents in the biotech space—from medical devices to gene therapy—and how physician-inventors are protecting their work
• The growing risks around cyberattacks, trade secret theft, and international IP disputes
• Key takeaways from landmark IP cases—like Alice Corp. and the Crocs design patent ruling
• How IP strategies align with long-term value creation—even if you’re thinking about succession, asset protection, or wealth transfer

If you’re creating something of value—whether it’s a brand, a business, or a body of work—this episode will help you understand how to protect it now and ensure it supports your long-term goals. Intellectual property isn’t just a legal matter—it’s a business asset, and often a cornerstone of your legacy.

About Meghan’s Guest Omid Khalifeh is the founder of Omni Legal Group, an intellectual property law firm based in Los Angeles. With a background in neuroscience and deep experience in patents, trademarks, copyrights, trade secrets, and cyberlaw, Omid advises clients ranging from startups to Fortune 500 companies.

He holds a B.S. in Neuroscience from UCLA and earned his J.D. from Chapman University School of Law on a full tuition scholarship. A published author (The Gene Wars: Science, the Law, and the Human Genome in Loyola Law Review), Omid is frequently invited to speak at national conferences on developments in IP law.

Want to connect with Omid or learn more about protecting your ideas? Visit omnilegalgroup.com or follow him on LinkedIn