2024 Personal Trust Training Podcast

Training #6: How to Structure Your Personal Trust if You Have Active Income


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See the Video Recording here:
https://us02web.zoom.us/rec/play/Z7Pge-V3LUNonlfQGWqyNvwkjYh7IOtxxTMqGRmJ9SA5sJdS-YeqF5MAdThx6GW27NYZs3e_8s82T7Mn.v22ln1MPmcI2ZbWV?autoplay=true&startTime=1730826271000

Access the Live Transcript here:
https://otter.ai/u/369MHj77062M-w2_Uegt2NwVqEs?view=summary

Outline:

- Training Call Setup and Initial Discussions (5:54)
- Fictitious Name Registration and FinCEN Issues (7:08)
- Training Number Six Introduction (12:08)
- Setting Up an LLC for Active Income (18:14)
- Implementing the LLC Structure (28:34)
- Tax Deferral and Lease Payments (30:53)
- Handling Intellectual Property and Business Trusts (36:15)
- Practical Implementation and Tax Filing (38:05)
- Clarifications and Final Questions (42:32)
- Conclusion and Next Steps (50:10)

  Training #6: How to Structure Your Personal Trust if You Have Active Income

First, follow the step-by-step instructions found at:
https://AbundanceGroup.com/instructions


Documents used for this training:
Personal Trust Instructions:
https://www.abundancegroup.com/instructions
LLC operating agreement: 
https://docs.google.com/document/d/1cqD3ly4NJV3J2-yByChpKvPZYetoCRCS/edit
Personal + LLC Implementation:
https://docs.google.com/drawings/d/1GQGCY2gwkR1Y28mO-0f5Oby32nzoZ2KBWtTUK6gMSww/edit
Personal + LLC Tax Consequences:
https://docs.google.com/drawings/d/19443NWUDLWmAloXYUI_G3G6_gVuI59R6a28r5SJc6fg/edit
Personal + LLC + Foundation:
https://docs.google.com/drawings/d/13-1pX4L_m_H8Ad8KNbRJcUnxExFj3h7wdIFCE_DRz2A/edit




Please download any document you need to your hard drive before making changes to it or all future clients are likely to see the changes you make!

Copyright 2024 Abundance Group Trust. All Rights Reserved.

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2024 Personal Trust Training PodcastBy Abundance Group Trust