See the Video Recording here: https://us02web.zoom.us/rec/play/7S-HNoK74G0UXaCI960AI10SVnnbdsLMHZbynqHnFjdG5oUIGOuKcaRRdg7IF5dzcpvRvEMbB60axUEe.VfDxBdsXUvdqP83T?autoplay=true&startTime=1684771456000

Access the Live Transcript here: https://otter.ai/u/PvBgLX_Qn8xBoq9_IRCC7N4S1Yw?utm_source=copy_url

Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event

• There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!

Looking to invest in life insurance and leverage your Trust? 

• Email Ben at [email protected], or use the link below to receive your free quote!
• Get your free quote here: https://www.abundancegroup.com/insurance

Outline:
-Managing a business with a contract. (3:00)
-Managing the Business Trust and Personal Trust. (8:39)
-What is the Business Trust division? (12:26)
-Setting up a Wyoming Private Trust Company. (18:52)
-How do you become a Wyoming LLC? (24:18)
-How to open a checking account? (28:28)
-How to introduce a Business Trust into your Personal Trust? (34:25)
-Automation of business divisions. (37:54)

See the Video Recording here: https://us02web.zoom.us/rec/play/P_Mb5wUnuQv5YX9-7nZ8ACQ9kkaLqSxQbunmnQfyYvsyQCdH5D_DTogNJDvqkUD3z6wcHbSfYH5JNjFb.Qo-9esKKtyi_pMzz?autoplay=true&startTime=1683561809000

Access the Live Transcript here: https://otter.ai/u/acXkr6kMcOe5h9EgsooAkExIBIY?utm_source=copy_url

Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event

• There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!

Looking to invest in life insurance and leverage your Trust? 

• Email Ben at [email protected], or use the link below to receive your free quote!
• Get your free quote here: https://www.abundancegroup.com/insurance

Outline:
-How to pay off the debt? (2:26)
-Paying off the debt. (7:34)
-How to prepare questions for the screen. (9:09)
-What’s up with the workload? (12:56)
-How did you decide to work with David? (14:31)
-There’s a solution to the problem. (18:26)
-Trust purchase of the property. (21:45)

See the Video Recording here: https://us02web.zoom.us/rec/play/scVEtKCFwkw2oH47p0706CK3I5Zza92yQBPWE7yOBfH8zoZXUj4Q09qm4nz9Keica9zcR_RamVWNvrhE.6Ay3viB9P1RsRT2i?autoplay=true&startTime=1682957332000

Access the Live Transcript here: https://otter.ai/u/JaDkmhakjEjG8Ykn1wS_6JgFT4Y?utm_source=copy_url

Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event

• There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!

Looking to invest in life insurance and leverage your Trust? 

• Email Ben at [email protected], or use the link below to receive your free quote!
• Get your free quote here: https://www.abundancegroup.com/insurance

Outline:
-Next millionaire jumpstart in Pittsburgh.
1:17
-A division of the Business Trust.
5:57
-Distribution directly to the foundation.
11:31
-The fringe benefits of the foundation.
16:33
-There are no restrictions with a business trust.
20:18
-Where do the event costs come from?
22:23
-What is a license to use?
25:56
-Should I keep all expenses for the business in the LLC?
31:10
-Sneak peek at the future of the company.
35:13

See the Video Recording here: https://us02web.zoom.us/rec/play/bkp5V6y4xk6xXV_e92juklvlFhncg-pyyJZLjxBRdtDSDKftOt9lrhrYbuo99btRcNHHRqlQksgzInEj.-9H6o4TOLwiDJpg7?autoplay=true&startTime=1682352296000

Access the Live Transcript here: https://otter.ai/u/FLp9eSXvEG3KI_gaWkKOQhL_IQE?utm_source=copy_url

Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event

• There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!

Looking to invest in life insurance and leverage your Trust? 

• Email Ben at [email protected], or use the link below to receive your free quote!
• Get your free quote here: https://www.abundancegroup.com/insurance

Outline:
-What’s the problem with the online application?
1:59
-How do you apply for the program?
8:34
-How to create a division of the Business Trust.
14:33
-How to build corporate credit faster.
23:10
-How do you structure a Personal Trust?
25:26
-The only real rationale to go through a private conveyance.
30:23
-The importance of having a strategy in place.
35:46
-How do you look at taxes?
39:08

See the Video Recording here: https://us02web.zoom.us/rec/play/LfvInZmdJItX6vtUnA2-1OhQImgpLmqEueKqPpzLJzXPdIWQMiMElx0l7kjfoJ8H9ilwbSQpz6JTLKhU.XnCCqilK97IGdoWI?autoplay=true&startTime=1681142668000

Access the Live Transcript here: https://otter.ai/u/OaDj79eoOYq2IYW_Wxis8ZimkV4?utm_source=copy_url

Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event

• There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!

Looking to invest in life insurance and leverage your Trust? 

• Email Ben at [email protected], or use the link below to receive your free quote!
• Get your free quote here: https://www.abundancegroup.com/insurance

Important documents used on this call:

• Articles of Formation - Real Estate: https://docs.google.com/document/d/1y1DMfnicfye-FDncgZzttCKswHV_Oqox/edit?usp=sharing&ouid=115143930428794792317&rtpof=true&sd=true
• Divisional Certification of Trust: https://docs.google.com/document/d/1WC1haX32uKbjpamLi9UxMSOpC0rZFBXE/edit?usp=share_link&ouid=115143930428794792317&rtpof=true&sd=true
• Instructions for Creating Divisions: https://docs.google.com/document/d/1K5sDSC-mMe5XcB7BIFMPFA3urdCeQb_5fYbsszuus1k/edit?usp=share_link
• Treasury Bills: https://www.treasurydirect.gov/marketable-securities/treasury-bills/

Outline:
-The definition of self-dealing in the business trust.
7:19
-The articles of formation.
13:50
-How to register a Land Trust.
22:51
-Distribution of income in a Business Trust.
28:38
-Transitioning from active income to passive income.
36:34
-How to lock in your reserve accounts.
44:13
-FDIC insurance and interest.
48:17
-The second thing about all of this.
53:23

See the Video Recording here: https://us02web.zoom.us/rec/play/WCfgRNoF89GhxGhengdzrbcW4OBD0vWJdj-Xa-XsOOLPxyH7xLpZyWi_B945mHicZBesqg4G1Ebs3CEC.cf3ba1EsEuijojqr?autoplay=true&startTime=1679932968000

Access the Live Transcript here: https://otter.ai/u/kdgbwlUpYW7EcBKSpSDLnWVDZSQ?utm_source=copy_url

Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event

• There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!

Looking to invest in life insurance and leverage your Trust? 

• Email Ben at [email protected], or use the link below to receive your free quote!
• Get your free quote here: https://www.abundancegroup.com/insurance

Outline:
-Licensing requirements and licensing requirements.
5:32
-Do we have to do anything with the interest in the PLLC?
9:58
-Membership interest management in partnership interest.
15:34
-Can a trust be taxed as a partnership?
20:16
-What are the chances of a late classification request getting approved?
27:16
-How to account for personal miles vs business miles.
31:35
-Paying for the business lease.
39:21
-Who is the beneficiary of the business trust?
45:11

See the Video Recording here: https://us02web.zoom.us/rec/play/hNPpZE2WCh7IwC8QavPx6VQboyS9CFumxOImsXbRAUasToS-2B-cCUil0umDeWqCr3QEPbipP28e99uY.knZ5VbML8To25lOV?autoplay=true&startTime=1679328430000

Access the Live Transcript here: https://otter.ai/u/rpjIQH5R8eh4Mck1rK8SWKzQNeE?utm_source=copy_url

Looking to invest in Life Insurance and leverage your Trust?
Receive your Free Quote here: https://www.abundancegroup.com/insurance

Reach out to Charles Hooper with the Stewardship Institute to file the 1023-EZ Form to receive your determination letter:
-Charles Hooper:
-Phone: (916) 543-3205
-Email: [email protected]

Taxes on Self-Dealing: Private Foundations | Internal Revenue Service: https://www.irs.gov/charities-non-profits/private-foundations/taxes-on-self-dealing-private-foundations

Goodwill vs. Other Intangible Assets: What's the Difference?:
https://www.investopedia.com/articles/investing/100614/goodwill-vs-other-intangible-assets-whats-difference.asp#:~:text=Key%20Takeaways,agreements%2C%20and%20website%20domain%20names

About Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations: https://www.irs.gov/forms-pubs/about-form-7203

Outline:
-How long does it take to get a determination letter?
6:23
-Family Retreats to the heart.
13:07
-The definition of an endowment.
17:46
-Forming a Pllc in Oklahoma.
24:12
-The definition of impairment of goodwill.
30:18
-Do you need to do tax returns for each division?
37:15
-Filing a form to establish a partnership.
42:56
-How to prepare a Cfr for a trust.
48:17

See the Video Recording here: https://us02web.zoom.us/rec/play/NbUsE9URbhDzD6C27pud9zYBphf2dycDOOeKH52qwWH9duUPxs8UeFUQUxlgXiV8eZfN138-HxDsu-Yw.6WlYQ2AiHVGfrzZ4?autoplay=true&startTime=1675098498000

Access the Live Transcript here: https://otter.ai/u/ZTHL7jVSSLIbJi43NTzyPP2ZYqI

Outline:
-How do I determine how many units to allocate in the trust?
2:56
-Selling the properties to the trust.
8:05
-How to get the money from the sale?
13:47
-Transitioning the property into a trust.
16:04
-Make sure you have a written agreement of divorce.
18:48
-Do not lie to the court about assets.
21:23
-Where is the money going?
25:21
-Why don’t you use accounting software?
29:16
-The difference between land trust and personal trust.
36:39
-Transitioning from personal trust to business trust.
41:35
-Question from a customer about a new division.
49:35
-Lease agreements for the non-operating divisions.
51:10
-The triangular structure of the trust.
56:55
-Passive vs. active income.
1:00:15
-Professional services agreements for real estate.
1:03:17
-Selling cash to a business trust.
1:07:32

See the Video Recording here: https://us02web.zoom.us/rec/play/WkfO2nYRwWq63MR6sX6oc6dDYL2GpHuYwgELRyhYG7eUUUE4njS5MmnepTldn0DeZh_-PKDfS0rJFHqp.RvhIJ1wqTTFp-kNm?autoplay=true&startTime=1673888767000

Access the Live Transcript here: https://otter.ai/u/Cw6pqSh0ziNvClLFz3n-UPPtEQs

Instructions for Creating Divisions to own Real Estate from Decanting Land Trust: https://docs.google.com/document/d/1WeQf8rDeQe_ScnapcA4v_ZOE31loc-TEXMicpmGjDzM/edit

Divisional Letter of Introduction and Instruction: https://docs.google.com/document/d/1z0RnlevUzqUb7ghApyO-9JC4RuG2CxNb/edit

Outline:
-How to create a land trust.
4:56
-There’s no one-size-fits-all land trust.
10:40
-Do not use the land trust.
19:45
-Ownership of the property within the business trust.
27:25
-Gift tax exemption for land transfers.
35:38
-How do you justify your tax evasion?
43:14
-Social Security numbers for each division.
48:48
-How to get EIN numbers for a business division?
57:29

See the Video Recording here: https://us02web.zoom.us/rec/play/v7vOcE55OA3ogvrYlP5l_uNiwlhKwQ0Sv2xXEuJtYPQtTBK6sKjh1bYxa7OORdTqWrfel0i17TzI1LCp.odXVHkQTGfJkn8PH?autoplay=true&startTime=1672765365000

Access the Live Transcript here: https://otter.ai/u/GMFGGjcN_FFjXjhXYltCMgBCGOc

Outline:
-How do you know if you’re going to make ACN a big part of your business?
6:37
-How do you get separate corporate credit for each division?
16:04
-How long does it take to get a ruling from a court?
26:12
-What is a divisional certification of trust?
32:01
-The maximum number of units the division is allowed to issue.
39:01
-What is a co-trustee and divisional trustee in a business trust?
48:41
-Who can be both a divisional trustee and an interest holder in a business trust?
1:00:25
-The interest holder does not need to have any management or voting rights.
1:05:51
-Do you have to file an amended deed? Do you need an affidavit of trust?
1:12:15
-Make sure you specify the successor trustee as part of your affidavit.
1:20:54
-The more properties you have, the more you have a target on your back.
1:27:24