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See the Video Recording here: https://us02web.zoom.us/rec/play/sOzhkPpQ6KMaXNkqUZPzdt-Mj8zPok3RuHw1_lb_nFRg_IiNmRgwPINc6JLnHOEyX8RO5BTeHl9Acx6A.Wxp12b1K0FByqXyE?autoplay=true&startTime=1670346095000

Access the Live Transcript here: https://otter.ai/u/TH0kHWTNjhFlSbu4mYu43yfxV0M

Articles of Formation: https://docs.google.com/document/d/11VpfHWuOvwH8c8AlafFAQEZWzgx97S3d/edit

Instructions for Subject To: https://docs.google.com/document/d/1A3rxcA1nQG3f8VX9KG1v8G0-8UyFCKZ6htHdWokhlE0/edit

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

Wyoming LLC Domestic Conversions: https://sos.wyo.gov/Business/Docs/Wyoming_Business_Entity_Conversion_Information.pdf

Wyoming LLC Instructions: https://sos.wyo.gov/Forms/Business/FLLC/Series-FLLC-ArticlesContinuance.pdf

Outline:
Background on the sale of the property.
-2:30
What is the money flow of this transaction?
-7:36
What’s the difference between a business trust and a personal trust?
-17:04
Why would you want to get a bank account under the business trust EIN even if it’s a management company division?
-22:49
Can you do the same thing with an EIN of an LLC that’s formerly outside of a trust?
-26:15
Does she need to do anything about the past or should she just incorporate it as a disregarded entity on the business trust tax return going forward?
-32:41
Are the properties listed individually or are they listed together?
-37:53
What the IRS says and what it doesn’t say in the instructions on income or loss from rental real estate.
-42:31
What does your tax accountant do with your tax return?
-43:49
What to do if the agreement for deed is still not in your name.
-45:55
Can you get a quantity discount on your report?
-51:44
How to remove the seller from the interest of the business trust.
-59:46
How do you know if you’re doing your paperwork correctly?
-1:06:24
Decanting from the personal trust to the business trust .
-1:14:25
The interest holder is the interest holder of the specific trust .
-1:31:55
What is a certificate of continuation?
-1:39:41
Can we change the name of the LLC if it’s an old LLC?
-1:51:25