Business Trust Training Podcast

Week #9 - Case Studies and Accounting


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See the Video Recording here: https://us02web.zoom.us/rec/play/C6I_mIICcBq7A1NsxZVSyU6tKkzqrw06G8rGhNhskIMlSaN6wczMg_SNgB-8JF5Sa5cWRhoDUN0Y_I0-.lr9KksamqOcZvGrK?autoplay=true&startTime=1671555972000

Access the Live Transcript here: 
https://otter.ai/u/DC5Gt7tOeWh7qj5WgnoaipvUYxA

Dental Practice Case Study: https://www.abundancegroup.com/moneyflow

Asset and Liabilities Spreadsheet: https://www.abundancegroup.com/assetlist

Outline:
What is an in-kind distribution of equity to its owner?
-6:34
What is going to happen within the personal trust to total income?
-13:31
Don’t donate 100% of your taxable income to a nonprofit.
-20:59
What’s the business of the trust?
-28:51
How does this apply to you if you have active business income?
-34:06
What’s in the knowledge base?
-48:07
What’s the difference between passive income and active income?
-56:35
Does passive income in the personal trust have any effect on asset protection?
-1:02:32
The more you grow, the more likely it will be that you’ll want to add the business to the trust.
-1:10:25
Should we put the house in the business or the foundation?
-1:16:30
What is a 1099? What is an IRA?
-1:23:43
Are the rent and utilities covered by the trust or the lease?
-1:30:54
How to get all your documents digitally.
-1:36:21


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Business Trust Training PodcastBy Abundance Group Trust