See the Video Recording here: https://us02web.zoom.us/rec/play/Eaf1ne1jxCZdpNG94LeIFdFtvEVdeU34hnBp4GT-u8CV0YoYtPttmGNdEwvz2SnKqENsuRk9NNllLpQ9.Y7g6LoJq3Ie_nA5t?autoplay=true&startTime=1684512232000

Access the Live Transcript here: https://otter.ai/u/GcplKoQlrmzVPcWkl4x37UhUZcI?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 from this call:

• Demand Note Interest Approach: https://drive.google.com/file/d/1nL_UpDKA3FtGTr8cWZqrPbZHr2yj-iSb/view?usp=share_link
• LA Law Center, PC: https://www.abundancegroup.com/lalaw
• Change of Administrative Address: https://drive.google.com/file/d/1L43a_SpzH8oXCv-N96o0OMoNuo_tV2Ii/view?usp=sharing
• Example Operational Rules: https://drive.google.com/file/d/1SsYCLWewIeGAd49O0lTJfX0YK19Hyi6k/view?usp=sharing
• Articles of Formation: https://docs.google.com/document/d/11VpfHWuOvwH8c8AlafFAQEZWzgx97S3d/edit
• The California Long-Term Care Insurance Tax, which we expect to pass, would take effect on January 1, 2024. If you currently don't have LTCi, we highly suggest attending one of the two upcoming webinars! Each session will last around 15 minutes. This is a FREE educational webinar. Afterward, you may reach out to Ben at [email protected] to obtain your quote.

                Saturday, May 20th at 10 a.m. Pacific: https://register.gotowebinar.com/register/2548603512926541920
                Wednesday, May 24th at 7 p.m. Pacific: https://register.gotowebinar.com/register/5318364562759714656

Outline:
-How much taxable income can you expect to receive? (3:42)
-Is it necessary to change the administrative address to South Dakota? (9:36)
-Operational rules for a Business Trust division. (14:48)
-How to calculate interest income. (25:18)
-How the demand note system works. (30:39)
-Will the demand note system be part of the application? (39:24)
-What do we do with the accrued interest? (44:56)
-Using waveapps.com for trust accounting. (51:21)
-How to transfer data back to Google sheets. (57:24)