See the Video Recording here:

 https://us04web.zoom.us/rec/play/ybLyEIMKO-9OWI7VKxQKj7dfXFod8ZP8O9ZF2teY4zS1xum80a38rE5Ay0OvJeL1lK2S41LHxTIqdJKF.qf7bCXk2bpE8bIbp?autoplay=true&startTime=1734109417000

Access the Live Transcript here:
https://otter.ai/u/KaxrMNPrGgOAqK04ZQy8kQg0_tc?view=summary

Looking to invest in life insurance and leverage your Trust?   

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

Creating a Wyoming Private Trust Company (PTC):   

Pay for your PTC: https://.abundancegroup.com/ptc
Create an account: https://belgrovemanagement.com
After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support

Outline:
- Eagles hatching, no questions asked. (0:04)
- Recording income in an LLC and trust. (5:50)
- Chart of accounts for business and personal trusts. (8:46)
- Revoking S corp election and income distribution. (11:50)
- Election relief for S corp formation and classification. (16:30)
- S corp election, LLC formation, and business continuation. (17:59)
- Setting up a consulting LLC and transferring income to a business trust. (21:27)
- Tax implications of moving LLC from Nevada to Wyoming. (23:53)
- Obtaining EINs for various entities, including LLCs, PTCs, and trusts. (27:00)
- Gift tax returns for nine properties with potential tax liability. (30:46)
- Tax implications of transferring money between entities. (34:00)
- Tax implications of transferring properties to a business trust. (36:35)
- Business vehicle deductions and IRS requirements. (39:55)
- Tax returns for private family trust company. (43:30)
- Taxes, trusts, and legal matters. (45:48)
- Trust management and meeting minutes. (49:20)
- Setting up a private family foundation and LLC for business purposes. (52:28)
- Tax implications for medical professionals with an S corp. (55:16)
- Reducing salary for a business owner. (58:42)